More and more, investors want to know the climate impacts of the companies they invest in. The
recommendations of the Task Force on Climate Related Disclosures (TCFD) intend to help companies to provide investors with just such information.
Ørsted is committed to tracking and responding to the actual and potential impacts of climate change on the resilience of our business. We were among the first 500 companies globally to join the TCFD. We have since identified 5 ways in which companies can get started with implementing the recommendations.
In 2018, we conducted a TCFD gap analysis which showed we were largely aligned with the TCFD recommendations and decided to endorse the recommendations in Fall 2018. A TCFD working group comprising six departments was set up to implement low-hanging fruits that could improve TCFD-alignment in the
Ørsted Annual Report 2018 (p.16-17). We implemented quick-win outcomes, such as better reporting on existing climate-related risk processes and improving climate-related key performance indicators in CEO and CFO incentive schemes.