Let’s work together to take climate action
Science tells us that we need to at least halve global carbon emissions by 2030 to avoid climate catastrophe, yet emissions continue to rise year on year.
Energy accounts for 73 % of all emissions, which means that replacing fossil fuels with renewable energy is the main lever to combat climate change.
This is something we need to do in the right way, to maximise the benefits of the green energy transition for nature, society, and the economy.
To achieve this, businesses and governments need to work together.
Together we need:
- More renewable energy. For sustainable energy companies like Ørsted, that means increasing supply, through an accelerated build-out of green energy solutions like wind and solar power, and Power-to-X technologies. As the global leader in offshore wind, we're pioneering new renewable energy solutions in different locations around the world. For our customers and suppliers, it means increasing demand by purchasing green power.
Read how offshore wind and renewable power-to-X can help solve Europe’s energy crisis
- Science-based decarbonisation targets. When working towards net-zero, companies should set credible, comprehensive targets based on science – only relying on offsets for the most hard-to-abate residual emissions. We are proud to be the first energy company in the world to have a validated science-based net-zero target that covers our entire value chain. We’re on track to be carbon-neutral in energy generation and operations by 2025. Our next goal is to decarbonise our supply chain.
Discover what makes a credible corporate climate pledge
- Care for nature at the core of business strategy. Biodiversity loss and climate change are interconnected crises – we can’t solve one without addressing the other. When we build green energy, we need to build it right – in a way that restores and enhances nature. We’ve set the ambition to deliver a net-positive biodiversity impact from all new renewable energy projects we commission from 2030 – at the latest.
Explore the critical role offshore wind has to play in tackling climate change and biodiversity loss
- Value beyond the value chain. The transition to green energy needs to become a race to the top – not just building renewable energy at a low cost, but also generating real, sustainable value for nature, society, and the economy.
Let’s build green energy right, now. Learn more
What is Ørsted’s ranking in the Corporate Knights Global 100 index for 2023?This year, Ørsted has been ranked the world’s most sustainable electric utility.
What is Corporate Knights?
Corporate Knights Inc. is a Toronto-based publishing and research firm, comprising a quarterly sustainable business magazine and a research division that produces rankings and financial product ratings based on corporate sustainability performance. Since 2005, Corporate Knights has produced the annual Global 100 index of the world’s most sustainable companies – an authoritative and widely-respected index of corporate sustainability performance. The Global 100 index is announced every year on the sidelines of the World Economic Forum in Davos.
As the world’s largest circulating magazine focused on sustainability and responsible business, Corporate Knights is also a prominent brand in the clean capitalism media space. Their vision is to provide information empowering markets to foster a better world.
What is the importance of sustainability in business?
Corporate sustainability and climate action are emerging as global demands driven by activist movements, ambitious politicians, and bold business leaders. Moving forward, these demands will continue to guide consumer sentiment and loyalty.
Faced with the existential threat of the global climate emergency, companies all over the world are beginning to explore more sustainable ways of doing business. They’re considering their long-term impact on the local environment, society, and the economy and asking whether their business makes a measurable, positive contribution.
Business sustainability is both a moral obligation and good business practice. Going green is also a competitive differentiator, and one that will be key for companies to stay in business. Those companies that embed carbon reduction across their strategy are likely to be more profitable and sustainable over time. They’re also more likely to be attractive to investors who’re increasingly keen to know the climate impacts of the companies in which they invest.
While there may be costs associated with transforming business models to align with science, the cost of not taking action is considerably higher. The world needs to act now on climate, and companies will play a transformational role.
“We firmly believe that there is no long-term trade-off between sustainability and financial value creation” – Mads Nipper, CEO