Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 b
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- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Ørsted's transition plan includes key decarbonisation levers and identifies strategic actions that have driven the transformation of the business model towards renewable energy. The plan supports broader policy priorities, including the European Union’s 2050 climate neutrality goals. Ørsted targets reductions in scope 1 and 2 GHG emissions. In 2024, they closed Esbjerg Power Station, their last coal-fired CHP plant, advancing decarbonisation efforts. They aim for a 93% reduction in scope 1 and 2 GHG emissions intensity by 2025 and progress towards a 96% reduction by 2030. The interim scope 1-3 GHG emissions intensity target outlines a reduction trajectory of ~77% by 2030. Ørsted is also focusing on renewable energy capacity growth and the phase-out of coal, with a target to meet their 2025 target of a 99% share of energy generation coming from renewables.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking set GHG emission reduction targets, and if so, what is the current base year and baseline value? Additionally, from 2030 onwards, has the undertaking updated the base year for its GHG emission reduction targets every five years? Furthermore, is there any past progress made in meeting these targets before the current base year, and is this information consistent with the requirements of this Standard?
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Question Id: E1-4_19
Yes, the undertaking has set GHG emission reduction targets. The current base year is 2018, and the baseline value for Scope 1-2 GHG emissions intensity is 136 g CO2e/kWh. The baseline value for Scope 3 GHG emissions from gas sales is 24 Mt CO2e. The table does not provide information on updating the base year every five years from 2030 onwards or past progress before the current base year.
Report Date: 4Q2024Relevance: 65%