Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 b
Tags Tree
- 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.
-
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%
- Provide a detailed account of the methodologies, significant assumptions, and emissions factors employed in the calculation or measurement of GHG emissions, including the rationale for their selection. Additionally, include a reference or link to any calculation tools utilized in this process.
-
Question Id: E1-6_15
The methodologies and emission factors used include:
- Global warming potential of greenhouse gases: CH4, N2O, SF6, as per the Intergovernmental Panel on Climate Change (IPCC): Climate Change 2021, The Physical Science Basis.
- Carbon emissions from fossil fuels at CHP plants: Cool, oil, natural gas, as per Danish Energy Agency: Standard factors for calorific value and carbon emissions, 2023.
- Carbon emissions from fossil fuels outside CHP plants: Diesel, petrol, fuel oil, jet fuel, as per American Petroleum Institute (API): Compendium of greenhouse gas emission methodologies for the natural gas and oil industry, 2021.
- Carbon emissions from power purchased in Denmark: EnerginetDK, 2023: General declaration on Miljødeklaration, 2021 (General declaration and environmental declaration, 2022).
- Carbon emissions from power purchased in other European countries: Association of Issuing Bodies (AIB): European Residual Mixes, 2023 (2022 data).
- Carbon emissions from power purchased in countries outside Europe: Institute for Global Environmental Strategies (IGES): list of grid emission factors, 2023.
- US Environmental Protection Agency (EPA): Supply Chain Greenhouse Gas Emission Factors, USD 2018.
- Purchased goods and services (category 1): Supply chain emission factors depending on product categories.
- Business travel (category 6): Assumptions: 'average car', 'unknown fuel type'.
- Fuel- and energy-related activities (category 3): Emissions from regular power sales and upstream supply chain for fuels.
- Capital goods (category 2): Wind farms, offshore. The model is based on the ISO 14040/44 life cycle assessment standard (L) and applied in the openLCA software. The modeling is conducted using the Environmental Footprint 3.0 LCIA (life cycle impact assessment) method, and the impacts of each activity/material come from the ecoinvent environmental database, version 3.8.
Report Date: 4Q2024Relevance: 85%