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%
- Has the undertaking utilized biodiversity and ecosystems scenario analysis to inform the identification and assessment of material risks and opportunities over short-, medium-, and long-term time horizons? If so, provide a detailed account of the processes employed to verify the business model(s) using a range of biodiversity and ecosystems scenarios, or other scenarios that model biodiversity and ecosystems-related consequences, with different possible pathways.
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Question Id: E4.IRO-1_10
We have also completed the first two of the five steps of SBTN’s methodology to better understand how to prioritise our efforts in managing our impacts on nature, including biodiversity. The steps are based on locating impacts on nature, including biodiversity, across our upstream value chain and on locating direct impacts.
Report Date: 4Q2024Relevance: 50%