Orsted
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph AR 1 c
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- Provide an explanation of how your company's strategy interacts with its transition plan, specifically in the context of anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, as outlined in Disclosure Requirement E4-6. Include considerations of biodiversity and ecosystems in your strategy and business model as per Disclosure Requirement E4-1.
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Question Id: E4-1_10
Transitioning away from fossil fuels to renewable energy is fundamental to solving the biodiversity crisis, as climate change is a main driver of biodiversity loss. The space required for the renewable energy transition is significant, and, with a nature in crisis, it is vital that we make sure our energy projects benefit nature. In 2024, we continued taking action to deliver on our ambition to achieve a net-positive biodiversity impact from all new renewable energy projects from 2030.
Report Date: 4Q2024Relevance: 65%
- Does the policy related to biodiversity and ecosystems, when referencing third-party standards of conduct, utilize a standard that is developed or maintained through a process of ongoing consultation with stakeholders? This should include balanced input from all relevant stakeholder groups, such as producers, traders, processors, financiers, local people and communities, indigenous peoples, and civil society organizations representing consumer, environmental, and social interests, ensuring that no group holds undue authority or veto power over the content.
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Question Id: E4-2_13
Similar to the development of our biodiversity projects (see key actions below), 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%