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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 date when carbon credits outside the value chain are planned to be cancelled, as per Disclosure Requirement E1-9, which addresses anticipated financial effects from material physical and transition risks and potential climate-related opportunities. Ensure that the information aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B. Utilize the specified tabular formats for presenting this data.
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Question Id: E1-7_19
Year planned to retire Project name tCO2eq 2025 Bio-Logical 13 2025 Carboneers - Odisha & Assam Varaha - Banni Biochar 196 2025 Carbuna 39 2027 Charm Industrial - 2027 Vintage 4 2028 Charm Industrial - 2028 Vintage 3 Report Date: 4Q2024Relevance: 80%