Orsted
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph 15
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- Provide the transition plan detailing how the business model and strategy will be aligned with the Kunming-Montreal Global Biodiversity Framework, the EU Biodiversity Strategy for 2030, and the planetary boundaries concerning biosphere integrity and land-system change.
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Question Id: E4-1_07
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: 50%
- Provide a detailed account of how the mitigation hierarchy has been implemented concerning your company's actions related to biodiversity and ecosystems, specifically addressing avoidance, minimisation, restoration/rehabilitation, and compensation or offsets.
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Question Id: E4-3_01
To understand and manage our impacts, we follow the mitigation hierarchy. This means we aim to avoid harmful action at the outset of an activity, minimise impacts, and take restorative measures where impacts cannot be avoided. We also compensate for any residual adverse impacts that cannot be restored – while recognising that certain environmental features are irreplaceable and therefore cannot be compensated.
Report Date: 4Q2024Relevance: 80%