We have not identified any material dependencies on biodiversity and ecosystems, although soil stability at our sites constitutes the most significant dependency. Regarding our transitional and physical risks, we have mapped out our exposure and have not found significant risks from biodiversity and ecosystems that are not already covered in our mitigation processes and biodiversity action plans. Additionally, we have not identified any systemic risks to our business model that are not addressed through our established practices or the implementation of measures to reach our biodiversity ambition.

In 2024, we updated our 'Biodiversity policy', which applies to all sites owned and operated by Ørsted, including sites in or near biodiversity-sensitive areas. The policy addresses the direct impacts from our operations on biodiversity, ecosystem protection, and sustainable ocean practices. The scope of the policy covers all of Ørsted’s renewable energy assets, both offshore and onshore, and includes our initial steps towards addressing biodiversity in our value chain and the associated dependencies. More specifically, we engage with some of our tier 1 suppliers on their progress on working with biodiversity, similar to our approach with decarbonisation. Our biodiversity policy does not currently cover the impacts on biodiversity and ecosystems from e.g. raw material extraction in our upstream value chain. However, we are committed to working with our suppliers through our 'Supply chain sustainability programme' on mitigating their impacts on biodiversity, where we are currently engaging with our tier 1 suppliers.