Orsted
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 description of the processes your company employs to identify and assess material climate-related impacts, risks, and opportunities. Specifically, outline the procedures related to impacts on climate change, with a particular focus on your company's greenhouse gas emissions, as mandated by Disclosure Requirement ESRS E1-6.
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Question Id: E1.IRO-1_01
We continue to leverage advanced technologies and scalable solutions to optimise renewable energy integration and supply chain decarbonisation, as outlined in our innovation report. Additionally, as highlighted in our first climate advocacy report, we actively engage in shaping policies to align global energy needs with the 1.5 °C goal set by the Paris Agreement. The climate advocacy report includes an assessment of our most important industry associations in terms of their alignment with this goal.
Report Date: 4Q2024Relevance: 40%