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%
- Provide a detailed disclosure of biogenic emissions of CO2 resulting from the combustion or bio-degradation of biomass, ensuring these emissions are reported separately from the gross Scope 1 GHG emissions. Additionally, include emissions of other greenhouse gases, specifically CH4 and N2O, as part of this disclosure. This requirement is in accordance with Disclosure Requirement E1-9, which pertains to the anticipated financial effects from material physical and transition risks and potential climate-related opportunities. Note that a quantification of financial effects from opportunities is not mandatory if it does not align with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1-6_17
Direct biogenic carbon emissions are 4,598,412 tonnes CO2e. Indirect biogenic carbon emissions are 27,852 tonnes CO2e.
Report Date: 4Q2024Relevance: 20%