Ørsted
Ørsted A/S is a renewable energy company headquartered in Denmark with assets and operations in the UK and Denmark. It is publicly listed, with 50.1% owned by the government of Denmark. In 2019, its revenue was US$10.18 billion and installed capacity was 7.5 GW. Ørsted's aim is to develop and deploy market-leading sustainable energy solutions. The focus on renewable energy, primarily offshore wind, means the company’s business model is essentially aligned with the low-carbon transition.
- Ranking position
- #1 /50
- Total score
- 15.6 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
Risks and opportunities
Trend
Ørsted is awarded a trend score of +. If the company were reassessed in the near future, its score would likely improve. Ørsted has set a target to reduce its emissions intensity at a rate that is faster than its low-carbon pathway. The company is on track to meet this 2025 target, and with the closure of its final fossil fuel assets scheduled over the coming years, Ørsted’s emissions per unit of electricity produced are projected to decrease. The company has already successfully repositioned itself as a low-carbon electricity generator. Investments over the coming years will expand the renewables share of Ørsted’s installed capacity to 99%, meaning this low-carbon business model is anticipated to improve in the short term.
Progress towards the Paris Agreement
More about the company
- Headquarters
- Fredericia, Denmark
- Ownership structure
- Publicly listed, with 50.1% owned by the government of Denmark
- Group revenue
- US$10.18 billion (2019)
- Installed capacity
- 7.5 GW (2019)
- Website
- https://orsted.com/en