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.

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.