Material IRO description:

1. Natural resources exploitation and land-use and freshwater-use change from mining. Negative impact (upstream value chain).
2. Ecotoxicity from mining. Negative impact (upstream value chain).
3. Land-use and sea-use change from coal and gas extraction. Negative impact (upstream value chain).

How do we manage the IRO?

1. 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.
2. 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.
3. 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.

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.