Climate action plan

Climate action plan

We’re taking action to align with 1.5°C

The world must reach net-zero emissions by 2050 to limit global warming to 1.5 °C above pre-industrial level. Ørsted is on the road to carbon neutrality and aligned with the 1.5 °C pathway.

To avoid catastrophic and irreversible consequences of climate change, science tells us that global warming must be limited to 1.5 °C above pre-industrial levels. This requires humanity to reach net-zero emissions by 2050.

Since 73 % of global emissions come from the use of fossil-based energy, rethinking the way we power our world lies at the centre of this transformation. From systems for power and heat generation, to cooling, transport and industrial processes, almost every technology we use must change its energy source from fossil fuels to renewable energy.

As a global society, we have 30 years to undertake a systemic shift, on a scale never before seen, to create a net-zero world.
A graphic bar chart depicting Ørsted's climate action plan for renewable energy.

Our green build-out

More renewable energy capacity for millions of people

We are close to reaching our target of 15 GW by 2025, enough to power more than 30 million people.

In just over a decade, Ørsted has transformed from a fossil-fuel intensive energy utility, to one of the world’s largest renewable energy companies, with a portfolio of offshore and onshore wind farms, solar PV and bioenergy plants. Now, we aspire to expand our portfolio to help others go green, to be a catalyst for change, and to inspire green action beyond our own company.

We’ve installed one in three offshore wind turbines globally and continue to expand across established and new markets. We aim to have deployed 20 GW of renewable energy capacity by 2025 enough to power more than 30 million people.

Carbon-neutral in 2025

Ørsted has a target – and is on track - to be carbon-neutral by 2025 in energy generation and company operations (scope 1 and 2), and commits to reduce indirect emissions by 50 % in 2032 (scope 3).

We’re decarbonising our energy generation much faster than science requires from the energy sector. Our carbon reduction targets have been defined to align our full carbon footprint with what science requires from the energy sector to limit global warming to 1.5 °C above pre-industrial levels.

In October 2020, the Science Based Targets initiative (SBTi) officially approved our targets as aligned with a carbon reduction pathway required from energy companies to keep global warming below 1.5 °C, as compared with pre-industrial levels.

Reducing our emissions

This is how we become carbon-neutral in 2025

We have reduced our emissions from energy generation and operations by 87 % since 2006, and are on track to be carbon-neutral in 2025.

Net-zero emissions in 2040

We also tackle indirect emissions beyond our immediate control. We’ve set a target to reduce all indirect emissions from our supply chain and wholesale buying and selling of natural gas by 50 % between 2018 and 2032. This is an important step towards realising that our entire carbon footprint is carbon-neutral by 2040, a decade faster than required by science to stop global warming at 1.5 °C.

We’re engaging with our suppliers to reduce carbon emissions from the manufactureing and installation of offshore wind farms, run on renewable energy, and set emissions reduction targets aligned with climate science.

Read about how we decarbonise our supply chain

Sustainability report 2020

A sustainable build-out of green energy