Orsted
ESRS disclosure: ESRS E5 \ DR E5.IRO-1
Tags Tree
- Has the undertaking conducted a screening of its assets and activities to identify actual and potential impacts, risks, and opportunities within its own operations and across its upstream and downstream value chain? If such a screening has been performed, provide a detailed account of the methodologies, assumptions, and tools employed in this process.
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Question Id: E5.IRO-1_01
As part of our DMA, we frequently screen our assets and activities to understand their impacts, risks, and opportunities across our value chain. However, as also noted in the DMA methodology and due to the nature of our assets, we have not undertaken direct consultations with affected communities as part of the screening performed to understand our IROs related to resource use and circularity. Going forward, we will increasingly apply our methodology for life cycle assessments (LCAs), providing enhanced insights into our impacts related to the use and depletion of virgin materials when constructing our assets. Furthermore, we have calculated the recyclability rate of materials embedded in a representative sample of our offshore wind farms, to understand which materials and components we can process for recycling upon retirement of the wind farms. The underlying calculations, prepared in collaboration with the digital ReWind tool facilitated by DNV, are important for our further understanding of the negative impact of materials wasted during construction, operation, and decommissioning. Additionally, the information gathered helps us identify how we can turn used materials, such as steel and copper, into reusable components, improving our wider resource efficiency.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the processes your organization employs to identify and assess material impacts, risks, and opportunities associated with resource use and the circular economy. Specifically, include information on resource inflows, resource outflows, and waste management. Additionally, disclose whether and how your organization has conducted consultations, particularly with affected communities, in relation to these processes.
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Question Id: E5.IRO-1_02
Processes to identify and assess material impacts, risks, and opportunities include screening of assets as part of our DMA to understand impacts, risks, and opportunities across the value chain. We have not undertaken direct consultations with affected communities as part of the screening. We apply life cycle assessments (LCAs) for enhanced insights into impacts related to the use and depletion of virgin materials. We have calculated the recyclability rate of materials in offshore wind farms to understand recycling potential.
Policies related to resource use and circular economy include a 'Resource management policy' to minimize the use and depletion of virgin resources by developing circular value chains with suppliers. A 'Waste management policy' addresses negative impacts of materials wasted, outlining waste management processes and providing definitions for waste management assurance.
Key actions related to resource inflows involve a quantitative breakdown of key materials used in renewable energy assets, engaging with key suppliers on decarbonisation matters, and sourcing more scrap steel to increase lower-emissions steel usage.
Key actions related to resource outflows focus on addressing waste generation during construction, operation, and decommissioning by designing assets with minimal reliance on specific materials and ensuring waste is diverted from disposal by enhancing sorting and collection processes. Transition pieces for offshore wind farms are made from recyclable materials to increase recyclability rates.
Report Date: 4Q2024Relevance: 85%