Orsted
ESRS disclosure: ESRS E1 \ DR E1-4
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- Provide a detailed account of whether and how your organization has established GHG emissions reduction targets or any other relevant targets to manage significant climate-related impacts, risks, and opportunities. This includes, but is not limited to, initiatives such as renewable energy deployment, energy efficiency improvements, climate change adaptation strategies, and measures for mitigating physical or transition risks.
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Question Id: E1-4_01
In 2021, the organization became the first energy company to set a science-based net-zero target covering scope 1-3 emissions by 2040. Since then, measurable progress has been made, and the organization remains on track to meet the near-term scope 1-2 emissions intensity target. A portfolio of new near-term targets for 2030 was developed, using the same KPIs as the 2040 targets. In 2024, the Science Based Targets initiative (SBTi) validated the interim 2030 targets. The SBTi's target validation team classified the ambition of these targets across scopes 1-3 as aligned with a 1.5 °C trajectory, reflecting alignment with the most ambitious goal of the Paris Agreement. The portfolio of climate targets outlines a clear pathway to reducing emissions across the value chain, including a cap on emissions from natural gas sales. Additionally, the organization is dedicated to advancing the global shift toward renewable energy, aiming for a 99% share of renewable energy generation in 2025 and reaching an installed renewable capacity of 22 GW by 2026.
Report Date: 4Q2024Relevance: 95%
- Has the undertaking established GHG emission reduction targets, and if so, are these targets disclosed in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to a base year, and where applicable, in intensity value?
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Question Id: E1-4_02
Yes, the undertaking has established GHG emission reduction targets. These targets are disclosed in both absolute terms and as percentages relative to a base year. For example, the Scope 1-2 GHG emissions intensity target is 10 g CO2e/kWh with a 93% reduction by 2025 relative to the 2018 baseline. The Scope 3 GHG emissions from gas sales target is 8 Mt CO2e with a 67% reduction by 2030 relative to the 2018 baseline.
Report Date: 4Q2024Relevance: 95%
- Has the undertaking established greenhouse gas emission reduction targets? If so, disclose these targets in absolute terms, specifying either the total tonnes of CO2 equivalent or as a percentage relative to a base year's emissions. Additionally, provide the intensity value where applicable.
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Question Id: E1-4_03
Yes, the undertaking has established greenhouse gas emission reduction targets. For Scope 1-2 GHG emissions intensity, the target is 10 g CO2e/kWh with a 93% reduction by 2025 from the 2018 baseline. For Scope 3 GHG emissions from gas sales, the target is 8 Mt CO2e with a 67% reduction by 2030 from the 2018 baseline.
Report Date: 4Q2024Relevance: 95%
- Has the undertaking established targets for reducing greenhouse gas emissions? If so, disclose these targets in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to the emissions of a base year, and, if applicable, provide the intensity value.
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Question Id: E1-4_04
Yes, the undertaking has established targets for reducing greenhouse gas emissions. The Scope 1-2 GHG emissions intensity target is 10 g CO2e/kWh with a 93% reduction by 2025 from the 2018 baseline. The Scope 3 GHG emissions from gas sales target is 8 Mt CO2e with a 67% reduction by 2030 from the 2018 baseline.
Report Date: 4Q2024Relevance: 95%
- Has the undertaking established targets for the reduction of greenhouse gas emissions? If so, disclose these targets in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to a base year. Additionally, provide the intensity value of the total greenhouse gas emissions reduction, where applicable, in accordance with Disclosure Requirement E1-4 concerning climate change mitigation and adaptation.
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Question Id: E1-4_05
Yes, the undertaking has established targets for the reduction of greenhouse gas emissions. The Scope 1-2 GHG emissions intensity target is 10 g CO2e/kWh with a 93% reduction by 2025 from the 2018 baseline. The Scope 3 GHG emissions from gas sales target is 8 Mt CO2e with a 67% reduction by 2030 from the 2018 baseline.
Report Date: 4Q2024Relevance: 90%
- Has the undertaking established greenhouse gas emission reduction targets, and if so, are these targets disclosed in absolute values, either in tonnes of CO2 equivalent or as a percentage relative to a base year, and where applicable, in intensity values?
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Question Id: E1-4_06
Yes, the undertaking has established greenhouse gas emission reduction targets. The Scope 1-2 GHG emissions intensity target is 10 g CO2e/kWh with a 93% reduction by 2025 from the 2018 baseline. The Scope 3 GHG emissions from gas sales target is 8 Mt CO2e with a 67% reduction by 2030 from the 2018 baseline.
Report Date: 4Q2024Relevance: 95%
- What is the percentage reduction in Scope 1 Greenhouse gas emissions compared to the base year, as per Disclosure Requirement E1-4 concerning climate change mitigation and adaptation targets?
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Question Id: E1-4_07
The percentage reduction in Scope 1 Greenhouse gas emissions compared to the base year is 88%.
Report Date: 4Q2024Relevance: 95%
- Provide the intensity value of Scope 1 Greenhouse gas emissions reduction as part of the disclosure requirement E1-4 concerning targets related to climate change mitigation and adaptation. If your organization has established GHG emission reduction targets, disclose these targets in absolute terms, either in tonnes of CO2 equivalent or as a percentage relative to a base year's emissions, and include the intensity value where applicable.
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Question Id: E1-4_08
The intensity value of Scope 1 Greenhouse gas emissions reduction is 10 g CO2e/kWh, with a 93% reduction by 2025 from the 2018 baseline.
Report Date: 4Q2024Relevance: 90%
- Has your company established greenhouse gas emission reduction targets related to climate change mitigation and adaptation? If so, disclose these targets in absolute values, either in tonnes of CO2 equivalent or as a percentage of emissions from a base year, and include intensity values where applicable.
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Question Id: E1-4_09
Yes, the company has established greenhouse gas emission reduction targets. The Scope 1-2 GHG emissions intensity target is 10 g CO2e/kWh with a 93% reduction by 2025 from the 2018 baseline. The Scope 3 GHG emissions from gas sales target is 8 Mt CO2e with a 67% reduction by 2030 from the 2018 baseline.
Report Date: 4Q2024Relevance: 90%
- 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%