Orsted
ESRS disclosure: ESRS E4 \ DR E4-2 \ Paragraph 23 e
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- Provide a detailed explanation of whether and how your company's biodiversity and ecosystems-related policies address production, sourcing, or consumption from ecosystems that are managed to maintain or enhance conditions for biodiversity. Include information on the regular monitoring and reporting of biodiversity status and any gains or losses.
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Question Id: E4-2_05
During 2024, we have taken several steps towards meeting our ambition of net-positive energy projects from 2030 and pursuing our material opportunity and positive impact related to biodiversity restoration, research, and innovation. For several of our biodiversity pilot projects, we engage with local communities in our biodiversity- and ecosystems-related actions. This was for example the case with our Humber Estuary restoration project in the UK, which we completed in collaboration with the Yorkshire Wildlife Trust and Lincolnshire Wildlife Trust. The restoration of the Humber Estuary is an example of coastal ecosystem restoration, a nature-based solution that contributes to the sequestration of carbon, while also restoring the natural habitat to improve biodiversity. We have not yet incorporated indigenous knowledge into our actions; however, this is integrated in our new 'Biodiversity measurement framework' and will be done going forward. As of 2024, we have not incorporated biodiversity offsets in our actions for any of our assets or across other operations.
Report Date: 4Q2024Relevance: 60%