Orsted

Ørsted, headquartered in Denmark and operating in the electricity by wind industry, is committed to climate action with an ambition to achieve net-zero greenhouse gas emissions across its value chain by 2040.

In 2025, Ørsted reported total carbon emissions of approximately 8.99 billion kg CO2e. This included about 184.73 million kg CO2e from Scope 1 emissions, approximately 736,000 kg CO2e from Scope 2 market-based emissions, and around 8.81 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions were capital goods (approximately 11.94 billion kg CO2e), use of sold products (approximately 5.89 billion kg CO2e), and fuel and energy related activities (approximately 1.21 billion kg CO2e).

Looking back, the company's total emissions in 2024 were approximately 8.14 billion kg CO2e, comprising around 733.30 million kg CO2e (Scope 1), 875,000 kg CO2e (Scope 2 market-based), and 7.41 billion kg CO2e (Scope 3). In 2023, Scope 1 emissions stood at approximately 1.58 billion kg CO2e, Scope 2 market-based emissions at about 701,000 kg CO2e, and Scope 3 emissions at roughly 5.63 billion kg CO2e.

Ørsted has set ambitious Science-Based Targets (SBTi) to drive its decarbonisation efforts:

• Near-term targets: Ørsted aims to reduce Scope 1 and 2 GHG emissions by 93% per kWh by 2025 from a 2018 base year. This is equivalent to a 98% reduction per kWh by 2025 from a 2006 base year. They also commit to reducing Scope 1 and 2 GHG emissions by 96% per kWh by 2030 from a 2018 base year (equivalent to a 99% reduction per kWh by 2030 from a 2006 base year). Furthermore, Ørsted targets an 86.4% reduction in Scope 1, 2, and 3 GHG emissions from all sold electricity by 2030 from a 2018 base year, and an absolute Scope 3 GHG emissions reduction of 50.4% within the same timeframe. Specifically for Scope 3, emissions from the use of sold products for sold fossil fuels are targeted for a 67% reduction by 2030.
• Long-term targets: By 2040, Ørsted commits to reducing Scope 1, 2, and 3 GHG emissions (excluding from use of sold products) by 99% per kWh from a 2018 base year. This includes a 99% reduction in Scope 1 and 2 GHG emissions per kWh from a 2018 base year (equivalent to a 99.8% reduction per kWh from a 2006 base year). They also aim to achieve a 90% absolute reduction in Scope 3 GHG emissions from the use of sold products by 2040 from a 2018 base year.

Ørsted has committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2040, aligning with the 1.5°C target classification for both near-term and long-term goals. The company is also a signatory to the Climate Pledge.