Orsted

Ørsted, headquartered in Denmark and specialising in electricity from wind, reported total carbon emissions of approximately 8.998 billion kg CO2e in 2025. This includes about 184.7 million kg CO2e from Scope 1 emissions, 736,000 kg CO2e (market-based) from Scope 2, and 8.812 billion kg CO2e from Scope 3 emissions.

For 2024, Ørsted's total emissions were about 8.140 billion kg CO2e, comprising around 733.3 million kg CO2e in Scope 1, 875,000 kg CO2e (market-based) in Scope 2, and 7.406 billion kg CO2e in Scope 3. In 2023, the company's Scope 1 emissions were approximately 1.585 billion kg CO2e, Scope 2 (market-based) were 701,000 kg CO2e, and Scope 3 emissions were roughly 5.631 billion kg CO2e.

Ørsted has set ambitious climate commitments, with a net-zero target across its value chain by 2040. The company aims for carbon neutrality in 2025, intending to reduce emissions intensity in energy generation and operations (Scope 1 and 2) by at least 98% from a 2006 baseline. This includes emissions from its vessels, vehicles, and sites. Furthermore, Ørsted has committed to reducing absolute Scope 3 emissions from natural gas sales by at least 90% by 2040, against a 2018 baseline. The company is also working to reduce its Scope 3 emissions from the "Use of sold products" category by 67% by 2030, also from a 2018 base year.

Science Based Targets initiative (SBTi) has validated Ørsted's near-term and long-term targets, confirming their alignment with a 1.5°C warming scenario. These targets include a 98% reduction in Scope 1 and 2 GHG emissions per kWh by 2025 from a 2006 base year, and a 50% absolute reduction in Scope 3 GHG emissions by 2032 from a 2018 base year. Long-term, Ørsted commits to a 99.8% reduction in Scope 1 and 2 GHG emissions per kWh by 2040 from a 2006 base year, and a 90% absolute reduction in Scope 3 GHG emissions from the use of sold products by 2040 from a 2018 base year.