Science-based net-zero emissions by 2040
Ørsted is the first energy company in the world to have its net-zero target validated as ‘science-based’ by the Science Based Targets initiative (SBTi). By 2040, we aim to have net-zero emissions across our entire value chain. With plans already in place for phasing out fossil fuels from our energy generation, operations, and sales, the main challenge now is reducing our supply chain emissions.
Climate change remains the defining challenge of our era. Since the beginning of the industrial age, global greenhouse gases have skyrocketed, and despite repeated and profound warnings from climate scientists, the global community has not yet managed to break the trend of rising emissions. With fossil fuels being the major contributor to global warming, the renewable energy industry holds the key to science-aligned climate action. At Ørsted, we have transformed from one of Europe’s most fossil fuel and carbon-intensive energy companies to a global leader in renewable energy, undertaking the fastest decarbonisation journey of any energy company in the world.