Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 h
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- Provide a detailed explanation of how the transition plan for climate change mitigation is integrated into and aligned with your company's overall business strategy and financial planning.
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Question Id: E1-1_13
Our approach to resilience analysis consists of two main components: assessing and managing transition risks and opportunities, and conducting physical climate risk assessments. Transition risks stem from a shift to a low-carbon economy and encompass factors such as new regulations, technological innovation, changing market dynamics, and shifting consumer preferences. We have effectively mitigated these risks by transforming our business model from fossil fuels to renewable energy, aligning our operations with a 1.5 °C climate trajectory. This proactive shift has positioned us well to capitalise on the increasing demand for renewable energy deployment.
Report Date: 4Q2024Relevance: 65%
- 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%