Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 c
Tags Tree
- ESRS ESRS 2ESRS 2 Framework
- ESRS E1Climate Remuneration Disclosure
- ESRS E2Pollution Management
- ESRS E3Water & Marine Resources
- ESRS E4Material Sites Disclosure
- ESRS E5Resource Use & Circular Economy
- ESRS S1Workforce Impact Disclosure
- ESRS S2Value Chain Workers Scope
- ESRS S3Affected Communities Disclosure
- ESRS S4Consumer Impact Disclosure
- ESRS G1Governance Disclosure
- 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 an explanation for each identified material climate-related risk, specifying whether the entity classifies the risk as a climate-related physical risk or a climate-related transition risk, in accordance with the Disclosure Requirement related to ESRS 2 SBM-3 concerning material impacts, risks, and opportunities and their interaction with strategy and business model.
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Question Id: E1.SBM-3_01
Renewable energy deployment: Positive impact (own operations) and Opportunity (own operations). The positive impact and opportunity arise from our deployment of renewable energy. Generally, risks associated with the transition to a low-carbon economy present opportunities for Ørsted, as our vision and long-term ambitions are closely aligned with this transition.
Carbon removal through nature-based projects: Potential positive impact (own operations). This potential positive impact arises from carbon removal achieved through our nature-based projects, which complement our efforts to reduce emissions by supporting climate action beyond our value chain and are not a substitute for direct emission reductions.
Scope 1 and 2 GHG emissions from our operations: Negative impact (own operations). This negative impact results from our scope 1 and 2 GHG emissions. Scope 1 emissions primarily result from fossil fuel-based heat and power generation at our CHP plants, with a smaller contribution from operation and maintenance activities.
Scope 3 GHG emissions from the renewable energy supply chain: Negative impact (upstream value chain). These negative impacts relate to activities that result in scope 3 GHG emissions, contributing to global warming.
Climate-related transition risks due to changes in political support for the renewable energy build-out: Risk (own operations). This climate-related transition risk arises due to possible changes in the political and regulatory landscape, which could result in insufficient support for renewable energy deployment or the removal of existing subsidies and incentives.
Climate-related physical risks (chronic and acute): Risk (own operations). The chronic physical risks relate to the dependency of renewable energy generation on natural resources, such as wind patterns, and the acute physical risks relate to a potential increase in the severity and frequency of extreme weather events.
Energy consumption, mainly at our CHP plants: Negative impact (own operations). We have identified a negative impact associated with energy consumption at our combined heat and power (CHP) plants, which includes the use of fossil-based fuels.
Report Date: 4Q2024Relevance: 80%