Ørsted is ranked the most sustainable energy company in the world and fourth most sustainable company overall in the Global 100 index.
Submitted by Ørsted
Ørsted, the global leader in offshore wind, surpassed more than 7,500 international, billion-dollar companies to rank fourth in the Corporate Knights' 2019 index of the Global 100 Most Sustainable Corporations in the World. The ranking also makes Ørsted the most sustainable energy company in the index.
According to Corporate Knights, Ørsted performs particularly well in the ranking because a high share of the company's revenues is earned from products or services that have environmental or well-defined social benefits.
"Climate change is one of the defining challenges of our time. We must dramatically accelerate the transformation of the world's energy systems from fossil fuels to renewables to help protect our planet for future generations," says Henrik Poulsen, CEO of Ørsted.
He continues: "At Ørsted, we have reduced our carbon emissions from our energy production by 67% over the past decade towards our vision of a world that runs entirely on green energy. Being ranked among the world's most sustainable companies makes us both humble and proud and encourages us to pursue our global investments in sustainable energy."
Global build out of renewable energy
Over the past decade, Ørsted has transformed from a coal- and gas-intensive utility to a global green energy company. The company has reduced the carbon intensity of its power and heat generation by more than two-thirds in comparison with 2006, and it is well on track to meet its target of more than 95% green energy by 2023.
The substantial progress in Ørsted's ambitious decarbonization program is reflected in the company's leap to a fourth place in the 2019 Global 100 index, up from 70th in 2018.”
Ørsted recently announced ambitious new targets towards 2025, including:
increasing its share of renewable energy generation to 99% by 2025 (up from 64% in 2017)
installing 15GW offshore wind by 2025 - enough to power 32 million people
investing DKK 200bn (around USD 30bn) in renewable energy towards 2025.
Ørsted will announce its full-year financial and sustainability results for 2018 on 31 January 2019.
Box: About the ranking
Toronto-based Corporate Knights analysed more than 7,500 companies, mainly from the industrials, financial IT, consumer and health care sectors, against their global industry peers.
2019 Global 100 companies come from 21 countries, mainly in North America and Western Europe.
Corporate Knights says Global 100 companies tend to last longer (age of company in years) and perform better (investor returns) than comparison companies in the MSCI All Country World Index.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks #1 in Corporate Knights' 2020 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,600 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the group's revenue was DKK 67.8 billion (EUR 9.1 billion).
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