Orsted
ESRS disclosure: ESRS E5 \ DR E5-1 \ Paragraph 15b
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- Indicate whether and how your policies address sustainable sourcing and the use of renewable resources, as required under Disclosure Requirement E5-1 concerning policies related to resource use and the circular economy.
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Question Id: E5-1_02
To govern the identified risk and negative value chain impact from using virgin materials, we have adopted a ‘Resource management policy’, covering all of our activities and locations. The policy’s objective is to ensure that we minimise the use and depletion of virgin resources by developing circular value chains together with our suppliers, where feasible, and guide our efforts on sustainable sourcing. It further addresses our adherence to the waste hierarchy, prioritising waste avoidance by reducing and reusing before recycling.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of how your organization contributes to the circular economy, specifically addressing any anticipated financial effects arising from material resource use and circular economy-related risks and opportunities. Include examples such as the implementation of smart waste collection systems.
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Question Id: E5-2_08
Based on our identified impacts and risk related to the matter of resource use and circularity, we have reviewed our ways of tracking the effectiveness of our policies and actions in 2024. Our location in the value chain of renewable energy assets implies that we rely heavily on upstream value chain partners to understand and quantify the impact we have, which challenges the foundation for setting measurable, outcome-oriented, and time-bound targets. Consequently, we have not yet adopted a formal target related to our impacts on and risk from resource use and circularity.
Report Date: 4Q2024Relevance: 45%