Provide a detailed account of your company's operations and elucidate the measures being undertaken to address material impacts within your upstream and downstream value chain, as identified in your materiality assessment, in accordance with ESRS 2 IRO-1. This should be included as part of your disclosure on anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, and should align with your transition plan and consideration of biodiversity and ecosystems in your strategy and business model.

Question

Accepted Answer

Material IRO description:
Natural resources exploitation and land-use and freshwater-use change from mining. Negative impact (upstream value chain).
Ecotoxicity from mining. Negative impact (upstream value chain).
Land-use and sea-use change from coal and gas extraction. Negative impact (upstream value chain).
How do we manage the IRO?
We have completed a mapping to help us understand potential negative impacts on biodiversity that we may have in our value chain. We continue to explore ways to identify and mitigate impacts across our value chain, including our first attempt at mapping impacts from high impact commodities (HICs) in our upstream value chain.
We have completed a mapping to help us understand potential negative impacts on biodiversity that we may have in our value chain. We continue to explore ways to identify and mitigate impacts across our value chain, including our first attempt at mapping impacts from high impact commodities (HICs) in our upstream value chain.
We are working towards managing our biodiversity-related negative impacts in our value chain. In 2024, we closed our last coal-fired CHP plant, eliminating the impact from coal from 2025.

Orsted

ESRS disclosure: E4-1_09

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