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).

We have identified material negative impacts in our upstream value chain. These impacts are primarily direct impact drivers of biodiversity loss due to extraction of natural resources and mining activities. Furthermore, mining also has negative impacts on the extent and condition of ecosystems and thus impacts species diversity. As mentioned previously, we used the Global Biodiversity Score tool to obtain an overview of biodiversity- and ecosystems-related impacts in our upstream value chain, using global average data for our industry. We are dependent on mining of metals and minerals to expand the capacity of renewable energy assets, just as our peers in the industry. However, we acknowledge the trade-offs of mining in the value chain, which we actively work towards managing. As mentioned before, we are actively engaging with our tier 1 suppliers on their impacts on biodiversity, and we also continuously work towards gathering location-specific data on our upstream value chain.