Provide a comprehensive disclosure regarding the resilience of your organization's strategy and business model in relation to its capacity to address material impacts and risks, as well as to capitalize on material opportunities. Include both qualitative and, where applicable, quantitative analyses of this resilience. Detail the methodologies used in conducting these analyses and specify the time horizons applied, as outlined in ESRS 1, Chapter 6 on Time Horizons. When presenting quantitative data, you may use single amounts or ranges.

Question

Accepted Answer

Our approach to resilience analysis consists of two main components:
Assessing and managing transition risks and opportunities, which include macroeconomic, political, technological, and market developments associated with the global shift to a low-carbon economy.
Conducting physical climate risk assessments to evaluate how climate-related hazards (chronic and acute), including extreme weather events and long-term climate changes, may impact our operations.

Orsted

ESRS disclosure: SBM-3_10

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