Sustainability at OX2
- Sustainability at OX2
OX2's strategy for biodiversity
OX2’s strategy for achieving the goal of nature-positive wind and solar farms is inspired by the Science Based Targets for Nature framework, which is grounded in the latest research. Although we have set our goal for 2030, work is already in progress. Contributing to biodiversity is an important element in all OX2’s wind and solar power projects.
The strategy focuses on managing the impacts over which OX2 has direct control, while contributing to change at a systemic level. It is divided into three targets. Read more below.
Goal area 1: Use the mitigation hierarchy
The guiding principle in any new wind or solar farm development should be the mitigation hierarchy. This means that in addition to avoiding, minimising and restoring impacts on nature, we shall also compensate through voluntary biodiversity initiatives to create a net-positive impact on nature. In order to enable appropriate protection and compensation measures, we require accurate investigation data from all of our projects. When acquiring projects developed by another operator, we will develop a plan for both compensation and additional nature conservation measures in the project area.
Goal area 2: Create credibility and transparency around the work on biodiversity
We will report on the overall impact of our operations from a sustainability perspective. However, no standardised method currently exists for measuring biodiversity or impacts, which is needed to provide transparency and credibility regarding the activities we undertake to create nature positivity.
Goal area 3: A nature-positive climate transition
Our expansion of renewable energy should not come at the expense of nature. We will increase our understanding of how to develop renewable electricity generation that creates significant climate benefits, while also promoting biodiversity. In line with the UN Sustainable Development Goal SDG 17, on implementation and global partnership, we will work with scientists, our landowners and other external stakeholders to increase understanding of the link between renewable energy and biodiversity. Working with others, we will lead the way towards a nature-positive climate transition.
Two parallell crisis
Climate change and large-scale biodiversity loss are two interconnected global crises. Climate change is one of the five most important drivers of biodiversity loss, which causes carbon emissions and makes our societies more vulnerable to climate change. In addition, the latest research shows that the world cannot be content to simply slow the further loss of natural ecosystems. To bring about a resilient world, we need to prevent climate change, and at the same time enrich biodiversity. This means we will have to change the way we live and do business.