Orsted
Ørsted, formerly known as DONG Energy, is a global leader in renewable energy, headquartered in Denmark (DK). Founded in 1972, the company has transformed from a traditional fossil fuel provider to a pioneering force in offshore wind energy, with significant operations across Europe, North America, and Asia. Ørsted's core offerings include offshore and onshore wind farms, solar energy solutions, and energy storage systems, distinguished by their commitment to sustainability and innovation. The company has achieved notable milestones, such as becoming the world's largest developer of offshore wind farms, solidifying its market position as a frontrunner in the green energy sector. With a vision to create a world that runs entirely on green energy, Ørsted continues to set benchmarks in the industry, driving the transition towards a sustainable future.
DitchCarbon Score
How does Orsted's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Wind Power industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Orsted's score of 68 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Orsted's reported carbon emissions
In 2023, Ørsted reported total greenhouse gas emissions of approximately 7,000,000 kg CO2e from Scope 1, 2, and 3 sources. Specifically, Scope 1 emissions were about 1,585,000,000 kg CO2e, while Scope 2 emissions totalled approximately 100,000 kg CO2e (market-based) and 93,000,000 kg CO2e (location-based). The company’s Scope 3 emissions were significant, reaching about 5,631,000,000 kg CO2e, with major contributions from the use of sold products (approximately 3,862,000,000 kg CO2e) and fuel and energy-related activities (about 1,314,000,000 kg CO2e). Ørsted has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2040. The company has established near-term targets to reduce Scope 1 and 2 GHG emissions by 98% per kWh by 2025 from a 2006 base year, and to cut absolute Scope 3 GHG emissions by 50% by 2032 from a 2018 base year. Long-term goals include a 99.8% reduction in Scope 1 and 2 emissions per kWh by 2040 and a 90% reduction in absolute Scope 3 emissions from the use of sold products by the same year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Ørsted's commitment to sustainable energy practices within the electric utilities sector. The company’s emissions data and reduction targets are not cascaded from any parent organization, indicating that they are independently reported.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 29,200,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Orsted is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
