Through our double materiality assessment (DMA), we have identified material biodiversity-related impacts and an opportunity in our business, both in our own operations and in our value chain. Identifying and assessing these impacts help us to understand how we can continue to strengthen resilience across our operations, which we also assess using the methodology of the Taskforce on Nature-related Financial Disclosures (TNFD).

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.