Orsted
ESRS disclosure
Tags Tree
- Provide an explanation of how significant capital expenditures (CapEx) and operational expenditures (OpEx) required to implement actions related to biodiversity and ecosystems are associated with relevant line items or notes in the financial statements, as per Disclosure Requirement E4-6 concerning anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities.
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Question Id: E4-3_05
During our DMA, we concluded that we have material impacts on biodiversity, which happen during the construction phase of our projects. Therefore, the data presented in this table represents material sites with construction activities in 2024 where overlaps are present. The biodiversity data covers offshore and onshore wind farms and solar farms as well as their cable routes within the buffer zones.
Report Date: 4Q2024Relevance: 45%
- Provide a detailed description of whether and how local and indigenous knowledge, as well as nature-based solutions, have been integrated into your biodiversity and ecosystems-related actions.
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Question Id: E4-3_09
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.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed account of the key stakeholders involved in your company's actions related to biodiversity and ecosystems. Specify the nature of their involvement, and identify any stakeholders who are either negatively or positively impacted by these actions. Include a description of the impacts or benefits experienced by affected communities, smallholders, indigenous peoples, or other individuals in vulnerable situations.
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Question Id: E4-3_10
Similar to the development of our biodiversity projects, 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.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed assessment of whether the key actions undertaken by your company may result in significant negative sustainability impacts on biodiversity and ecosystems, as per Disclosure Requirement E4-6 concerning anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, and in alignment with Disclosure Requirement E4-3 regarding actions and resources related to biodiversity and ecosystems.
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Question Id: E4-3_12
We have identified material negative impacts in our upstream value chain. These impacts are primarily direct impact drivers of biodiversity loss due to extraction of natural resources and mining activities. Furthermore, mining also has negative impacts on the extent and condition of ecosystems and thus impacts species diversity.
Report Date: 4Q2024Relevance: 80%
- Provide an explanation regarding whether the key action related to biodiversity and ecosystems is intended as a one-time initiative or as a systematic practice.
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Question Id: E4-3_13
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.
Report Date: 4Q2024Relevance: 30%
- Does the undertaking's key action plan for biodiversity and ecosystems rely solely on its own resources, or is it part of a broader initiative to which the undertaking significantly contributes? If it is part of a wider initiative, provide details about the project, its sponsors, and other participants.
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Question Id: E4-3_14
Building on the momentum of the launch of our framework, we have worked with the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure initiative (RRI). This initiative aims to bring together the renewable energy industry to build a collective approach for assessing the industry’s impacts on biodiversity and local communities.
Report Date: 4Q2024Relevance: 90%
- Does the undertaking's key action plan for biodiversity and ecosystems operate independently using solely its resources, or is it integrated into a broader collective initiative to which the undertaking significantly contributes? If it is part of a wider initiative, provide detailed information regarding the project, its sponsors, and other participants.
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Question Id: E4-3_15
Building on the momentum of the launch of our framework, we have worked with the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure initiative (RRI). This initiative aims to bring together the renewable energy industry to build a collective approach for assessing the industry’s impacts on biodiversity and local communities.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information regarding the anticipated financial effects stemming from material biodiversity and ecosystem-related risks and opportunities, as outlined in Disclosure Requirement E4-6. Additionally, describe the actions and resources related to biodiversity and ecosystems, in accordance with Disclosure Requirement E4-3. Specifically, elucidate how your organization contributes to systemwide change, particularly in altering the drivers of biodiversity and ecosystem change. This may include technological, economic, institutional, and social factors, as well as changes in underlying values and behaviors. Include any relevant information about the project, its sponsors, and other participants involved.
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Question Id: E4-3_16
Building on the momentum of the launch of our framework, we have worked with the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure initiative (RRI). This initiative aims to bring together the renewable energy industry to build a collective approach for assessing the industry’s impacts on biodiversity and local communities.
Report Date: 4Q2024Relevance: 60%
- Has your company applied ecological thresholds and allocations of impacts to the undertaking when setting targets related to biodiversity and ecosystems? If so, please specify the details.
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Question Id: E4-4_01
For offshore wind farms, a buffer zone of 25 km is applied, whereas the buffer zone is 10 km for onshore wind and solar farms. These buffers have been determined based on best practice rooted in science and to recognize relevant interactions with protected areas for nature conservation or key biodiversity areas.
Report Date: 4Q2024Relevance: 60%
- Has your company applied ecological thresholds and allocations of impacts when setting targets related to biodiversity and ecosystems? If so, provide detailed information on the ecological thresholds identified and the methodology employed to determine these thresholds.
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Question Id: E4-4_02
For offshore wind farms, a buffer zone of 25 km is applied, whereas the buffer zone is 10 km for onshore wind and solar farms. These buffers have been determined based on best practice rooted in science and to recognize relevant interactions with protected areas for nature conservation or key biodiversity areas.
Report Date: 4Q2024Relevance: 60%