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 a detailed description of the processes your company employs to identify and assess material biodiversity and ecosystem-related impacts, risks, dependencies, and opportunities. Include in your response whether and how consultations with affected communities were conducted regarding sustainability assessments of shared biological resources and ecosystems. Specifically, address how your operations impact ecosystem services relevant to these communities. If negative impacts are unavoidable, outline your plans to minimize these impacts and detail the mitigation measures implemented to maintain the value and functionality of priority services.
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Question Id: E4.IRO-1_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.
Report Date: 4Q2024Relevance: 60%