Sustainability themes

Assessing the risks & opportunities

We regularly review and evaluate with our stakeholders where we should focus our sustainability priorities and how to address the risks and opportunities that sustainability issues hold.

We work systematically to address each issue to determine the relevance and impact on society.
  • Sustainability issues
  • Feedback from stakeholders
  • Human rights
  • . . .

We use the insights provided by our stakeholders to prepare a bi-annual status of risks and opportunities of major significance both to society and to us. We call them sustainability issues. This overview enables us to decide how to address each issue with due diligence.

Addressing issues
The diagram ranks our material issues according to their position in the matrix. We address each issue by mitigating risks and developing opportunities through our sustainability programmes.
We determine the significance of each issue by means of a qualitative assessment of the extent and weight of the impacts. We place each issue on a scale from 1 to 10 with two dimensions:

  • Attention from stakeholders: where is this issue on the agenda with our stakeholders?
  • Importance to Ørsted: To what degree is the issue relevant to our strategy and activities?

Attention from stakeholders is used as a proxy for the degree to which the issue holds risks of negative impacts to the environment, climate, social conditions, employee conditions, human rights, anti-corruption and bribery. We rank the issues in the matrix by score. If the score is more than 5 on both axes, the issue is important enough to merit a sustainability programme. The programmes provide a systematic framework for mitigating risks and developing opportunities.

Stakeholder views are helping us to further shape the targets underpinning our sustainability strategy. We will continue to review these issues with our stakeholders at regular intervals and use this input to inform our sustainability initiatives and reporting activities.

Read more about our sustainability commitments here

Human rights are an integral part of our efforts to develop and ensure the progress of our sustainability programmes.

Our approach adheres to the UN Guiding Principles on Business and Human Rights, which establishes companies’ responsibility for respecting human rights. Accordingly, we have relevant policies and procedures in place for due diligence and mechanisms ensuring mitigation of negative impacts on human rights.

We commit to respecting human rights in our Sustainability Commitment. We also have a specific policy for our engagement in local communities and a policy for our expectations of business partners, including in the area of human rights.

To ensure due diligence, every two years we conduct a separate risk analysis of negative impacts on human rights covering both our own operations and our supply chain. We then integrate the most important human rights risks identified into our sustainability issues. We proceed to take a systematic approach to the issues through our programmes.

The following programmes relate directly to our major human rights risks:

  • Respecting human rights in our supply chain
    Responsible business partner programme

  • Safe working conditions for our employees and suppliers
    Workplace safety

  • Diversity and equality at work
    Employee diversity

  • No negative impact on the local communities we operate in
    Local engagement

  • Protection of data on our employees and customers
    We have initiatives across the business aimed to protect data on our employees and customers. We will gather these initiatives in a programme during 2017 to enable disclosure on how we work with data privacy.

Our sustainability programmes

Leading the transformation to renewable energy