Orsted
Electric Utilities
Denmark
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
We recognise the importance of tackling the impacts of our legacy business, as locked-in emissions pose a significant transition challenge if left unaddressed. To guide progress toward our net-zero goals, we have set an absolute emissions reduction target for scope 3 emissions from gas sales, aiming to reduce emissions by ~67% by 2030 (baseline 2018) and by ~90% by 2040. To mitigate potential risks associated with locked-in emissions, we focus on measurable performance and avoiding additional locked-in emissions by not entering into new gas sourcing agreements that would contribute to additional locked-in emissions.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking established greenhouse gas (GHG) emission reduction targets, and if so, what is the percentage of location-based Scope 2 GHG emissions reduction relative to the emissions of the base year? Provide this information in absolute terms, either in tonnes of CO2 equivalent or as a percentage, and include intensity values where applicable.
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Question Id: E1-4_10
The percentage reduction in location-based Scope 2 GHG emissions relative to the base year is 88%.
Report Date: 4Q2024Relevance: 80%