Our value chain

Our value chain encompasses the full lifecycle of our core business activities, spanning upstream, own operations, and downstream activities. Across all stages, we integrate sustainability considerations, addressing material impacts, risks, and opportunities. Further details can be found in our Sustainability Statements.

UPSTREAM

OWN OPERATIONS

DOWNSTREAM

Our value chain

Upstream activities

Our upstream activities involve mining and refinement of transition minerals and metals that are important components of renewable energy assets. We work with our stakeholders to ensure responsible sourcing and supply chain management, and adherence to environmental and social standards.

Local communities

Mining of minerals
and materials

Resource refinements

Manufacture of components

E1 – Climate change

Actual negative impact – Climate change mitigation
Value chain greenhouse gas emissions ***

Transition risk – Climate change mitigation
Increased costs due to carbon pricing ***

E4 – Biodiversity and ecosystems

Potential negative impact – Direct impact drivers of biodiversity loss
Land-use change from mining of minerals and metals, and construction of renewable energy sites **

Actual negative impact – Impact on the state of species, the extent and conditions of ecosystems, and dependencies on ecosystem services
Impacts on the state of species caused by mining of minerals and metals, and construction of renewable energy sites **

E5 – Resource use and circular economy

Potential negative impact – Resource inflows, including resource use
Transition minerals within our supply chain

Risk – Resource inflows, including resource use
Transition minerals within our supply chain

S2 – Workers in the value chain

Potential negative impact – Working conditions: Health and Safety
Working conditions in supply chains **

S3 – Affected communities

Potential negative impact – Communities’ economic, social, and cultural rights
Community impacts from mining of transition minerals

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Our value chain

Own operations

Our operations span project identification, development, construction, and management of renewable energy assets. Sustainability considerations are embedded throughout the entire project lifecycle. We ensure projects align with market trends, sustainability standards, and strategic growth ambitions.

Office buildings

Onshore wind farms

Offshore wind farms

Battery energy storage

E1 – Climate change

Actual positive impact – Energy
Renewable energy deployment

Transition opportunity – Energy
Renewable energy sector as a growing market

Actual positive impact – Climate change mitigation
Replacement of fossil fuels

Actual negative impact – Climate change mitigation
Value chain greenhouse gas emissions ***

Transition risk – Climate change mitigation
Increased costs due to carbon pricing ***

E4 – Biodiversity and ecosystems

Potential negative impact – Direct impact drivers of biodiversity loss
Land-use change from mining of minerals and metals, and construction of renewable energy sites **

Actual positive impact – Direct impact drivers of biodiversity loss
Biodiversity restoration, research and innovation

Risk – Impact on the state of species, the extent and conditions of ecosystems, and dependencies on ecosystem services
Reputation risk due to negative impacts on biodiversity and ecosystems

E5 – Resource use and circular economy

Opportunity – Resource outflows related to products and services
Strategic partnership for circular economy enhancement

S1 – Own Workforce

Potential negative impact – Working conditions: Health and Safety
Safety at work

Risk – Working conditions: Health and Safety
Safety at work

Actual negative impact – Working conditions: Health and Safety
Mental health and well-being

Actual negative impact – Equal treatment and opportunities for all
Equity, diversity and inclusion

S2 – Workers in the value chain

Potential negative impact – Working conditions: Health and Safety
Working conditions of contracted workers at sites

Potential negative impact – Working conditions: Health and Safety
Working conditions in supply chains **

S3 – Affected communities

Actual positive impact – Communities’ economic, social, and cultural rights
Local job creation

Actual negative impact – Communities’ economic, social, and cultural rights: Land related impacts
Engagement with affected communities

G1 – Business conduct

Potential negative impact – Corporate culture
Data and privacy governance

Actual negative impact – Protection of whistle-blowers
Lack of awareness of grievance channels

Potential negative impact – Political interest and lobbying activities
Transparency in interactions with policy-makers

Potential negative impact – Corruption and bribery – prevention and detection of incidents
Corruption challenges in the renewable energy sector

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Our value chain

Downstream

Our downstream activities involve distribution of renewable energy and the decommissioning of wind farms and solar parks. We work with our customers to ensure long-term renewable energy supply through power purchase agreements, and responsible end-of-life handling, maximising value and sustainability across the lifecycle of our assets.

E-fuel offtakers

Customers

Decommissioning

E1 – Climate change

Actual negative impact – Climate change mitigation
Value chain greenhouse gas emissions ***

Transition risk – Climate change mitigation
Increased costs due to carbon pricing ***

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