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%
- Provide detailed information regarding the anticipated financial effects stemming from material biodiversity and ecosystem-related risks and opportunities, as outlined in Disclosure Requirement E4-6. Additionally, describe the actions and resources related to biodiversity and ecosystems, in accordance with Disclosure Requirement E4-3. Specifically, elucidate how your organization contributes to systemwide change, particularly in altering the drivers of biodiversity and ecosystem change. This may include technological, economic, institutional, and social factors, as well as changes in underlying values and behaviors. Include any relevant information about the project, its sponsors, and other participants involved.
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Question Id: E4-3_16
Building on the momentum of the launch of our framework, we have worked with the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure initiative (RRI). This initiative aims to bring together the renewable energy industry to build a collective approach for assessing the industry’s impacts on biodiversity and local communities.
Report Date: 4Q2024Relevance: 60%