Our strategy

Action today. Impact tomorrow.

Our sustainability report 2017

Read more about our sustainability strategy

Climate change is one of the biggest challenges for life on Earth. Therefore, we need to transform the way we power the world; from black to green energy. We aim to create a world that runs entirely on green energy.
 
We intend to achieve our vision, while respecting the environment and society as well as the economic structures fundamental to our lives. We commit to operating in a way that progresses the UN Sustainable Development Goals (SDGs). The SDGs express a global agreement of society’s greatest challenges towards 2030.
 
We have 20 sustainability programmes, and it's through our programmes that we take concrete action to contribute to the SDGs.

Our sustainability strategy makes our commitment operational and tangible.

Our three priorities:

A world that runs entirely on green energy

Through our solutions, we will help build a world that runs entirely on green energy. It´s our vision and main contribution to society.

Enabling sustainable growth

We address societal challenges embedded in the continued growth of our green energy portfolio. Here, we make it clear what we need to do to grow sustainably and support progress towards a world that runs entirely on green energy.

Business integrity

We uphold high ethical standards in our business practices by being accountable and transparent, respecting human rights and having a solid governance. Here, we want to demonstrate that we operate a responsible business with high integrity.

Our vision in figures

Our vision for a world that runs entirely on green energy reaches far beyond our own operations. It requires a shift in the way we all consume energy. This challenges the energy system. We do not have all the answers for how we can get to a world of 100% green energy. But we have charted the course for how we as a company will make our contribution. 

Sustainability themes and human rights


To ensure we´re maintaining good sustainability practices and are helping to preserve a safe, just and fair society, we hold regular reviews with our stakeholders. 

We formalise the insights from our stakeholder dialogue in two concrete projects: a materiality assessment (annual) and a human rights risk screening (every second year). 

As output, we define a number of material sustainability themes and potential adverse human rights impacts that we and our stakeholders consider important to address. We have sustainability programmes for all material themes, and we add human rights components to relevant programmes to continuously strengthen our practices on human rights. 
  • Sustainability themes
  • Human rights
  • . . .

Our annual materiality assessment is based on the dialogue we have with investors, regulators and policy makers, civil society, customers, business partners, and employees. We engage in bilateral meetings, arrange roundtables, and meet at conferences.

Each year, we consolidate the inputs we receive in a materiality assessment where we identify sustainability themes that are material to our business. We rank the themes according to their importance to stakeholders and to Ørsted. This year, we have placed them in one of the three priorities of our sustainability strategy. By bundling similar themes, we can better compare the relative importance of the themes.


 

A world that runs entirely on green energy

Themes
Climate change
Green energy deployment
Integration of green energy
Energy efficiency
 

 

Enabling sustainable growth

Themes
Sustainability of biomass
Community impact and local content
Talent development
Diversity
Biodiversity impact
Wast and resource management

 

 

 

Business integrity

Themes
Safety and well-being
Supply-chain impact and business partner conduct
Cyber attacks
Business ethics
Customer satisfaction
Tax practices
Data privacy

 

 

 

To understand our human rights risks, we conducted 15 interviews with Ørsted employees who lead work that has a direct link to our rights holder groups – our employees, our customers, our communities, and our business partners. During the interviews, we assessed how our business activities could potentially have adverse impacts on the rights holders. The assessment also evaluated our capacity to identify potential risk areas and current mitigation strategies to address them.

The screening concluded that we manage our most significant human rights risks well, and that we mainly operate in low-risk environments. However, new markets represent new focus areas related to human rights. Suppliers continue to be a primary focus area for us. But we can improve our governance by increasing awareness in key business areas on human rights, especially in higher risk markets.

The screening results show where we have potential adverse impacts on human rights. See our sustainability report 2017 page 25 for an overview of the result