Orsted
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph AR 1 a
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- Provide a detailed explanation of how your company's strategy and business model will be adjusted to enhance and ultimately achieve alignment with pertinent local, national, and global public policy goals and targets concerning biodiversity and ecosystems. This should include alignment with the Kunming-Montreal Global Biodiversity Framework, the EU Biodiversity Strategy for 2030, Directive 2009/147/EC, Council Directive 92/43/EEC (the EU Birds and Habitats Directives), and relevant planetary boundaries related to biosphere integrity and land-system change.
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Question Id: E4-1_08
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 description of whether and how local and indigenous knowledge, as well as nature-based solutions, have been integrated into your biodiversity and ecosystems-related actions.
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Question Id: E4-3_09
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.
Report Date: 4Q2024Relevance: 80%