Orsted
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph 13 f
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- Provide a detailed account of how your organization's strategy and business model demonstrate resilience concerning biodiversity and ecosystems. Include in your response the extent of stakeholder involvement, particularly highlighting the participation of indigenous and local knowledge holders where applicable.
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Question Id: E4-1_06
Interests of key stakeholders: Similar to the development of our biodiversity projects, we have also included key stakeholder concerns and interests into the scope of our biodiversity policy. For example, local communities, NGOs, and academia are included in the stakeholder engagement steps during the various phases of an asset’s life cycle.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of how your company's policy addresses the sourcing of raw materials from ecosystems that are managed to sustain or improve biodiversity conditions. This should include evidence of regular monitoring and reporting on the status of biodiversity, as well as any gains or losses observed.
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Question Id: E4-2_10
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%