Responsible tax practices

Ørsted is recognised as a leader in responsible tax practices and tax transparency. This supports our ambition to expand renewable energy assets while returning tangible benefits to communities.

Why are responsible tax practices important?

Tax contributions are a key part of the positive social and economic impact we can make as a business. They help the local economies in which we operate to deliver valuable public services, such as healthcare, education, and transport, and build the infrastructure that allows businesses to thrive.

By being a responsible taxpayer and engaging with policymakers to support robust tax regulations, we support well-functioning societies, institutions, and regulations that are conducive to both people and business.

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What are we doing?

We are committed to paying the right amount of tax, at the right time, in the right place – in accordance with the tax laws of the countries where we operate. We seek to comply not only with the letter of the law but also with the underlying tax policy intent.

We are transparent in our tax reporting and voluntarily report using the GRI207 standard as a basis, which includes disclosing financial, economic, and tax-related information for each jurisdiction where we operate. We include this information in our tax footprint available here.

To ensure the application of the GRI207 standard, we conduct a self-assessment based on the guidelines provided in the GRI207 framework.

We engage constructively in national and international dialogue with governments, business groups, and civil society to support the development of effective tax systems, legislation, and administration. The purpose of our engagement is to promote the development of future tax legislation and practice that supports the green transformation.

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Latest updates from 2025

We retained the Fair Tax Mark accreditation, which we first qualified for in 2022 as the first Danish multinational company to secure accreditation to the global gold standard of responsible tax conduct.
We were ranked 1st in Danish “Økonomisk Ugebrev” Tax Governance rating.
We have had discussions with the OECD on certain transfer pricing-issues, advance pricing agreements and mutual agreement procedures. Further, we have contributed with consultation responses.
We engaged in dialogue with the Danish Ministry of Taxation and the Danish Tax Agency on certain transfer pricing issues, issues regarding taxation of power purchase agreements and contracts for difference (CfDs) and other subjects.
We have provided our responses to a public consultation on advance tax certainty in the United Kingdom.
As part of a consultation process we are in dialogue with the tax authorities on Isle of Man, as they establish a tax system for renewable projects.

Key information

Our tax footprint

Our tax footprint is available here:

Tax transparency

Policies

We follow and comply with Ørsted’s Tax Policy. The Tax Policy is reviewed, updated and approved by Ørsted’s Board of Directors on an annual basis, and latest approval was
17 December 2025.

Ørsted global tax policy (pdf)

Governance

Tax is a core part of our corporate responsibility and governance. It is overseen by the Board of Directors. Within the Board of Directors, the Chairperson of the Audit & Risk Committee is accountable for the tax policy, and the responsibility for tax risk management lies with the Chief Financial Officer.

Day to day operations is managed by a centralised global tax team. Significant business decisions are referred to Ørsted’s Investment Committee and / or Board of Directors after approval by TAX.

Partnerships

We engage in partnerships to promote fair tax regulation, staying up to date on policy developments, and engaging with peers on responsible practices:

The Danish Confederation of Enterprises’ Tax Panel, with a view to influencing tax regulations and staying up to date on tax policy developments.
The B-Team, to engage with peers on responsible tax principles and tax governance matters.
The Fair Tax Foundation, where we have been accredited for our responsible tax practices.

Our sustainability efforts