Green financing

Investments remain critical to accelerating the transition to net-zero emissions, and investors play a crucial role in unleashing the capital needed to mitigate climate change. At Ørsted, we are committed to providing opportunities for our investors to invest in projects and activities that clearly contribute to a more sustainable world.

Since 2017, all new Ørsted bonds have been issued in a green format, and we are committed to exclusively deploying long-term green and sustainable financing going forward. Outstanding green bonds currently account for more than 88% of Ørsted’s total bond portfolio.



This green finance framework (the ’framework‘) is developed in alignment with the 2021 Green Bond Principles and 2025 Green Loan Principles. It also aligns with the 2021 version of the EU taxonomy regulation and, on a best effort basis, takes into consideration the requirements of the EU Green Bond Standard (EuGB). The framework has received the highest possible grading – a dark green shading – from S&P Global Ratings.

Ørsted’s framework includes green bonds, green loans, and other types of debt instruments to finance green eligible projects as defined in our framework. The May 2025 update of our framework replaces Ørsted’s previous green finance framework dated May 2022. With this update, we are broadening the eligible use of proceeds to include battery energy storage system (BESS) projects, in addition to offshore wind, onshore wind, and solar PV projects.

Our framework provides the basis of all allocations and impact reporting in our annual ‘Green finance impact report', which reports on allocated proceeds and project impacts in the form of renewable energy capacity, energy generated, and avoided emissions.