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ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 d
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- Provide a qualitative assessment of the potential locked-in greenhouse gas (GHG) emissions from your company's key assets and products. Explain whether and how these emissions could jeopardize the achievement of your GHG emission reduction targets and contribute to transition risk. Additionally, if applicable, describe your company's plans to manage its GHG-intensive and energy-intensive assets and products.
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Question Id: E1-1_07
An estimated 41,792 tCO2e are locked-in emissions from the use of GN products sold in 2024, which currently makes up 16% of our total Scope 3 emissions (see page 75). These use phase emissions could still be reduced through firmware updates in the market, but it remains difficult to quantify potential emissions reductions from such initiatives. As these emissions are a result of electricity consumption, we expect significant reduction to take place as a result of the global shift towards renewable energy as part of the transition to a net-zero economy outside GN’s direct control. Given the general duration of use of our products, we don’t expect these locked-in emissions to prevent us from reaching net-zero in 2050, regardless of the pace of the transition to renewable energy.
Report Date: 4Q2024Relevance: 85%
- Provide the total greenhouse gas (GHG) emissions, as stipulated in Disclosure Requirement E1-6, encompassing Gross Scopes 1, 2, and 3. Ensure the disclosure includes the sum of Scope 1, 2, and 3 GHG emissions as outlined in paragraphs 44 (a) to (c). Additionally, disaggregate the total GHG emissions to distinctly identify those derived from Scope 2 emissions measured using the market-based method.
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Question Id: E1-6_13
Total GHG emissions (market-based): 265,290 tCO2eq Scope 2 emissions (market-based): 1,435 tCO2eq
Report Date: 4Q2024Relevance: 50%