GN Store Nord
ESRS disclosure: ESRS E1 \ DR E1-7
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- Provide a detailed account of the greenhouse gas (GHG) removals and storage, measured in metric tonnes of CO2 equivalent, that have resulted from projects developed within your own operations or those to which you have contributed within your upstream and downstream value chain.
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Question Id: E1-7_01
Throughout 2024, GN has enabled GHG removals from seven climate change mitigation projects outside our value chain. These have been financed through the purchase of carbon credits amounting to the removal of 263 metric tons CO2eq.
Report Date: 4Q2024Relevance: 50%
- Provide the amount of greenhouse gas (GHG) emission reductions or removals achieved through climate change mitigation projects outside your value chain that have been financed or are intended to be financed via the purchase of carbon credits.
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Question Id: E1-7_02
GN has enabled GHG removals from seven climate change mitigation projects outside our value chain, financed through the purchase of carbon credits amounting to the removal of 263 metric tons CO2eq.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding the company's GHG removals and storage activities, specifically focusing on GHG mitigation projects financed through carbon credits, as mandated by Disclosure Requirement E1-7. Include all relevant data as specified in paragraph 56 (a), where applicable.
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Question Id: E1-7_03
GN has enabled GHG removals from seven climate change mitigation projects outside our value chain, financed through the purchase of carbon credits amounting to the removal of 263 metric tons CO2eq. All GHG removals are from technological sinks and fall under category 5 in the Oxford Offsetting Principles.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed disclosure of the total amount of GHG removals and storage, expressed in metric tonnes of CO2 equivalent. This information should be disaggregated and separately disclosed for the undertaking's own operations as well as its upstream and downstream value chain. Additionally, break down the data by removal activity, as required by Disclosure Requirement E1-7 concerning GHG removals and GHG mitigation projects financed through carbon credits.
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Question Id: E1-7_04
GN has enabled GHG removals from seven climate change mitigation projects outside our value chain, financed through the purchase of carbon credits amounting to the removal of 263 metric tons CO2eq. All GHG removals are from technological sinks and fall under category 5 in the Oxford Offsetting Principles.
Report Date: 4Q2024Relevance: 50%
- Provide the total amount of GHG removals and storage in metric tonnes of CO2eq, disaggregated and separately disclosed for the amount related to your company's own operations and its upstream and downstream value chain. Additionally, break down this information by removal activity, as required by Disclosure Requirement E1-7 concerning GHG removals and GHG mitigation projects financed through carbon credits.
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Question Id: E1-7_05
GN has enabled GHG removals from seven climate change mitigation projects outside our value chain, financed through the purchase of carbon credits amounting to the removal of 263 metric tons CO2eq. All GHG removals are from technological sinks and fall under category 5 in the Oxford Offsetting Principles.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of the calculation assumptions, methodologies, and frameworks applied by your organization concerning GHG removals and storage, as mandated by Disclosure Requirement E1-7, specifically regarding GHG removals and GHG mitigation projects financed through carbon credits, as outlined in paragraph 56 (a).
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Question Id: E1-7_08
The metrics represent the carbon removal of 7 climate change mitigation projects from five countries, including the applicable offset method, certification standard and the relevant time period. All metrics, except from one project (Running Tide), have been externally verified by both the certifying party of the relevant carbon credit(s) and Klimate.co, ensuring the validity and accuracy of the carbon removal.
Report Date: 4Q2024Relevance: 60%
- Provide the total amount of carbon credits, measured in metric tonnes of CO2 equivalent, that are planned to be cancelled in the future outside the undertaking's value chain. Indicate whether these credits are based on existing contractual agreements.
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Question Id: E1-7_11
The total amount of carbon credits planned to be cancelled in the future is 256 tCO2eq. The credits are planned to be retired in 2025 and 2028.
Report Date: 4Q2024Relevance: 50%
- Does the undertaking disclose the extent to which it utilizes carbon credits, and specify the quality criteria employed for these credits, in accordance with Disclosure Requirement E1-9? This inquiry pertains to the financing of GHG emission reduction projects outside the undertaking's value chain through the purchase of high-quality carbon credits, as outlined in paragraphs 56(b) and 59, and in relation to GHG emission reduction targets under Disclosure Requirement E1-4.
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Question Id: E1-7_12
GN only partners with reputable suppliers and business partners, ensuring that all projects have undergone thorough due diligence assessments to certify quality and integrity. Projects are assessed based on indicators relating to climate impact, co-benefits, integrity, and the outlook of each project to validate the safety and reliability of the carbon storage.
Report Date: 4Q2024Relevance: 65%
- Does the undertaking provide a detailed explanation of whether the carbon credits from removal projects are derived from biogenic or technological sinks, as required under Disclosure Requirement E1-9, when disclosing information on carbon credits in accordance with paragraphs 56 (b) and 59?
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Question Id: E1-7_15
All GHG removals are from technological sinks and fall under category 5 in the Oxford Offsetting Principles.
Report Date: 4Q2024Relevance: 85%
- What is the percentage of carbon credits, in terms of volume, that have been issued from projects within the European Union, as required under Disclosure Requirement E1-9 concerning anticipated financial effects from material physical and transition risks and potential climate-related opportunities?
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Question Id: E1-7_17
Project country tCO2eq Percentage EU project 39 15% Non-EU project 224 85% Grand totals 263 100% Report Date: 4Q2024Relevance: 75%