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 99% 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, their emissions included 1,585,000,000 kg CO2e from Scope 1, 1,000,000 kg CO2e from Scope 2 (market-based), and 5,631,000,000 kg CO2e from Scope 3, which encompasses emissions from capital goods, use of sold products, and fuel and energy-related activities. 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 emissions by 93% per kWh by 2025 from a 2018 base year, which translates to a 98% reduction from a 2006 base year. Additionally, Ørsted plans to cut Scope 3 emissions by 50.4% by 2030, with a specific target of reducing emissions from the use of sold fossil fuels by 67% within the same timeframe. Long-term goals include a 99% reduction in Scope 1, 2, and 3 emissions (excluding those from the use of sold products) per kWh by 2040, and a 90% reduction in absolute Scope 3 emissions from the use of sold products by 2040, both from a 2018 base year. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Ørsted's commitment to sustainable energy practices.
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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.
