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 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%