Orsted
Electric Utilities
Denmark
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 e
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- Provide a detailed explanation of any objectives or plans related to capital expenditures (CapEx), capital expenditure plans (CapEx plans), and operational expenditures (OpEx) that your undertaking has formulated to align its economic activities, including revenues, CapEx, and OpEx, with the criteria set forth in Commission Delegated Regulation 2021/2139, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation.
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Question Id: E1-1_08
Capital alignment with climate goals: Since the entry into force of the EU Climate Delegated Act, 99% of Ørsted’s capital expenditures (CAPEX) have been allocated to activities classified as sustainable. For 2024, these expenditures include DKK 37,867 million for the deployment of offshore and onshore wind capacity, DKK 6,097 million for the deployment of solar PV and energy storage technologies, and DKK 2,836 million for hydrogen, carbon capture and storage, and bioenergy activities.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking considered a diverse range of climate scenarios, including at least one scenario compatible with limiting global warming to 1.5°C, to identify relevant environmental, societal, technology, market, and policy-related developments and determine its decarbonisation levers, as required under Disclosure Requirement E1-4? Additionally, if applicable, provide an explanation of the anticipated financial effects from material physical and transition risks and potential climate-related opportunities as outlined in Disclosure Requirement E1-9, ensuring that the disclosure aligns with the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1-4_24
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.
Report Date: 4Q2024Relevance: 60%