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%
- Provide the percentage of energy consumption derived from fossil sources within your total energy consumption, as stipulated under Disclosure Requirement E1-9. This information should align with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B. If applicable, present this data using the tabular format specified for high climate impact sectors, omitting rows (1) to (5) for other sectors.
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Question Id: E1-5_15
The percentage of energy consumption derived from fossil sources is 15% in 2024.
Report Date: 4Q2024Relevance: 50%