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 undertaking disclose whether the third-party standard of conduct referenced in its biodiversity and ecosystem-related policies is verifiable through independent certifying or verifying bodies? Confirm that these bodies have defined and rigorous assessment procedures that avoid conflicts of interest and comply with ISO guidance on accreditation and verification procedures or Article 5(2) of Regulation (EC) No 765/2008.
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Question Id: E4-2_15
Accountability of the policy lies with the Chief Commercial Officer (CCO). To ensure that our policy is implemented and taken into account across our business, the policy includes an overview of the governance structure to support its implementation as well as specific third-party standards that support our work, e.g. the EU taxonomy for sustainable economic activities.
Report Date: 4Q2024Relevance: 30%