Orsted Sustainability Profile
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 75 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 significant carbon emissions, totalling approximately 15,850,000 kg CO2e for Scope 1, 1,000,000 kg CO2e for Scope 2 (market-based), and about 5,631,000,000 kg CO2e for Scope 3 emissions. The company has set ambitious climate commitments, aiming for carbon neutrality by 2025. This includes a target to reduce emissions intensity in energy generation and operations by at least 98% from 2006 levels, covering Scope 1 and 2 emissions. Ørsted's long-term goals include achieving net-zero greenhouse gas emissions across its value chain by 2040. The company has committed to reducing absolute Scope 3 emissions from natural gas sales by at least 90% by 2040, which equates to less than 2.4 million tonnes CO2e. Additionally, Ørsted aims to scale its green energy capacity from 13 GW in 2021 to 50 GW by 2030 while reducing supply chain emissions. The near-term targets include a 93% reduction in Scope 1 and 2 emissions per kWh by 2025 from a 2018 base year, and a 50.4% reduction in absolute Scope 3 emissions by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to keep global warming below 1.5°C. Overall, Ørsted's comprehensive approach to reducing carbon emissions reflects its commitment to sustainability and leadership in the energy sector, with a focus on transitioning to renewable energy sources while minimising its environmental impact.
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| 2006 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 18,300,000,000 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 200,000,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Orsted's Industry?
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Orsted's Scope 3 Categories Breakdown
Orsted's Scope 3 emissions, which decreased by 49% last year and decreased by approximately 84% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 69% of Scope 3 emissions.
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Orsted's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Orsted has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Orsted's sustainability data and climate commitments