Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 c
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- Provide a detailed account of your organization's significant operational and capital expenditures necessary for the execution of your climate change mitigation transition plan, as outlined in Disclosure Requirement E1-1. This should include an explanation and quantification of investments and funding, referencing the key performance indicators of taxonomy-aligned capital expenditures, and, where applicable, the capital expenditure plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.
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Question Id: E1-1_04
In 2024, 99% of Ørsted’s capital expenditures (CAPEX) have been allocated to activities classified as sustainable. 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%
- Provide a detailed explanation and quantification of your company's investments and funding allocated to the implementation of its transition plan for climate change mitigation. This should reference the climate change mitigation actions as required by Disclosure Requirement E1-3. Include key performance indicators of taxonomy-aligned CapEx and, where relevant, the CapEx plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.
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Question Id: E1-1_05
In 2024, 99% of Ørsted’s capital expenditures (CAPEX) have been allocated to activities classified as sustainable. 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: 20%
- Provide a detailed explanation and quantification of your company's investments and funding allocated to support the implementation of its transition plan for climate change mitigation. This should reference the climate change mitigation actions as outlined in Disclosure Requirement E1-3. Include key performance indicators of taxonomy-aligned CapEx and, where applicable, the CapEx plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.
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Question Id: E1-1_06
In 2024, 99% of Ørsted’s capital expenditures (CAPEX) have been allocated to activities classified as sustainable. 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: 10%
- 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.
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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%