Similar to the development of our biodiversity projects (see key actions below), we have also included key stakeholder concerns and interests into the scope of our biodiversity policy. For example, local communities, NGOs, and academia are included in the stakeholder engagement steps during the various phases of an asset’s life cycle.

In 2024, we publicly launched our biodiversity measurement framework. This science-based framework contributes to the achievement of our biodiversity ambition by taking the first steps to ensure that we can measure, track, and report both the positive and negative impacts on biodiversity. The scope covers our biodiversity activities for our own operations across all geographies.

Accountability of the policy lies with the Chief Commercial Officer (CCO). To ensure that our policy is implemented and taken into account across our business, the policy includes an overview of the governance structure to support its implementation as well as specific third-party standards that support our work, e.g. the EU taxonomy for sustainable economic activities.

In 2024, we updated our 'Biodiversity policy', which applies to all sites owned and operated by Ørsted, including sites in or near biodiversity-sensitive areas.

During 2024, we have taken several steps towards meeting our ambition of net-positive energy projects from 2030 and pursuing our material opportunity and positive impact related to biodiversity restoration, research, and innovation. For several of our biodiversity pilot projects, we engage with local communities in our biodiversity- and ecosystems-related actions. This was for example the case with our Humber Estuary restoration project in the UK, which we completed in collaboration with the Yorkshire Wildlife Trust and Lincolnshire Wildlife Trust. The restoration of the Humber Estuary is an example of coastal ecosystem restoration, a nature-based solution that contributes to the sequestration of carbon, while also restoring the natural habitat to improve biodiversity. We have not yet incorporated indigenous knowledge into our actions; however, this is integrated in our new 'Biodiversity measurement framework' and will be done going forward. As of 2024, we have not incorporated biodiversity offsets in our actions for any of our assets or across other operations.

The policy addresses the direct impacts from our operations on biodiversity, ecosystem protection, and sustainable ocean practices.

To understand and manage our impacts, we follow the mitigation hierarchy. This means we aim to avoid harmful action at the outset of an activity, minimise impacts, and take restorative measures where impacts cannot be avoided. We also compensate for any residual adverse impacts that cannot be restored – while recognising that certain environmental features are irreplaceable and therefore cannot be compensated.

As of 2024, we have not incorporated biodiversity offsets in our actions for any of our assets or across other operations.

As of 2024, we have not incorporated biodiversity offsets in our actions for any of our assets or across other operations.

As of 2024, we have not incorporated biodiversity offsets in our actions for any of our assets or across other operations.