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Ørsted

Ørsted is a majority state-owned company headquartered in Denmark. In 2020 its revenue was USD 7.7 billion and installed capacity was 9 GW. Ørsted plans to be the first green energy major and to decarbonise its electricity generation by 2025, well ahead of its 1.5°C pathway.

Ranking position
#1/50
Total score
96.4/100
Performance score
18.5/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

#1 4.0 / 4 #1

Material Investment

#1 7.0 / 7 #1

Intangible Investment

#1 1.0 / 2 #1

Management

#1 3.7 / 4 #1

Policy Engagement

#1 0.8 / 1 #3

Business Model

#1 2.0 / 2 #1

Leading practices

Risks and opportunities

Trend

Ørsted receives a trend score of +. If the company were reassessed in the near future, its score would likely improve. Ørsted’s target is to be substantially decarbonised for scopes 1 and 2 by 2025, just four years away. This is faster than its 1.5°C pathway. Its commitment to phase out coal by 2023 and the current levels of construction of renewables are strong evidence that its emissions will continue to decline at a sector-leading rate. Its net-zero scope 3 target is 2040 and progress on this will be slower.

Progress towards the Paris Alignment

Just Transition Assessment

In this report, we present five key thematic findings showing how 180 companies can increase their ambition towards a transition to a low-carbon future that is just and equitable for the people and communities at risk of being affected by it.

See results for

  1. 2020

More about the company

Headquarters
Fredericia, Denmark
Group revenue (2020)
USD 7.7 billion
Ownership
Publicly listed, with 50.1% owned by the government of Denmark
Installed capacity (2020)
8.9 GW
Website
https://orstedcdn.azureedge.net/

This company is part of the SDG2000, the 2.000 most influential companies

See company profile