Sustainability at OX2
- Sustainability at OX2
OX2 and the Sustainable Development Goals
OX2 has committed to the UN Global Compact and reports annually on the results of its work in the Annual Report and Sustainability Report. We also aim to deliver on Agenda 2030 and the 17 Sustainable Development Goals. OX2 also aims to contribute to achieving the goals of the Paris Agreement through its business.
OX2 helps to reduce the use of fossil energy by supplying renewable energy on a large scale. We are striving to increase the share of renewable energy in the global energy mix, in line with SDG 7.2. To date, we have supplied over 3.2 GW of wind power in Europe. Wind power projects corresponding to 719 MW were sold during the year and five wind farms with a capacity of 207 MW (518 MW) were completed and handed over to their buyers during the year. At year-end, OX2 had management contracts for 9.15 TWh (7.05) per year.
The expansion of renewable energy leads to improvements in regional and local electricity grids and roads, which contributes to human well-being, local economic development and jobs – in line with SDG 9.1.
We are working to increase awareness and capacity in order to limit climate change in line with SDG 13.3. The future annual generation of renewable energy from wind farms in construction is approximately 750 GWh. This is equivalent to the annual electricity consumption of around 150,000 households
Our expansion of renewable energy should not come at the expense of nature. We strive to protect ecosystems and maintain biodiversity in line with SDG 15.1 and 15.5. Among other things, OX2 works to prevent and reduce all kinds of pollution from land-based activities and to reduce the destruction of natural habitats. We have long worked to reduce its negative impact on nature and are now taking decisive action towards the goal of nature-positive wind and solar farms by 2030. With this goal in mind, the company aims to develop renewable electricity generation that creates significant climate benefits while also benefiting biodiversity. Read more about our biodiversity targets.