Ørsted: Science-based target case study

Ørsted has committed to reducing its greenhouse gas emission intensity from energy production by 96% by 2023 compared to a 2006 base-year, a target approved by the Science Based Targets initiative. To achieve this, the company is divesting from oil and gas, phasing out coal by 2023, and expanding offshore wind capacity to a target of 11-12 GW by 2025. Ørsted reports that it has already reduced GHG emissions intensity by 67% since 2006 and has reduced coal consumption by 82% in the same period.

• Ørsted has set a Science Based Targets initiative (SBTi) approved goal to reduce greenhouse gas (GHG) emission intensity from energy production by 96% by 2023, using 2006 as the base year. This target equates to a carbon intensity of 20g CO2e/KWh by 2023 and is estimated to be 27 years ahead of the International Energy Agency's 2°C scenario for the energy sector.
• The company's strategy to reach its targets involves two primary pillars: the construction of offshore wind farms and the conversion of power stations from coal and gas to sustainable biomass. Ørsted aims for a total installed offshore wind capacity of 11-12 GW by 2025 and intends to ensure 100% of its sourced biomass is certified as sustainable by 2020, an increase from 72% in 2017.
• Since 2006, Ørsted has reduced its GHG emissions intensity by 67% and its coal consumption at power stations by 82%. In Denmark, the company is responsible for more than 50% of the country's total CO2 reduction since 2006. Additionally, the company has helped reduce the cost of offshore wind technology by over 60% since 2012.
• Ørsted identified that scope 3 emissions account for less than 40% of its total emissions, though the company expects these to become relatively more important as the transition to renewable energy continues.

APA

Keogh, M. (2018). Ørsted: Science-based target case study. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/orsted-science-based-target-case-study/

Chicago

Keogh, Megan. Ørsted: Science-based target case study. We Mean Business Coalition, 2018. https://www.wemeanbusinesscoalition.org/blog/orsted-science-based-target-case-study/.

Wikipedia

{{cite report |last1=Keogh |first1=Megan |title=Ørsted: Science-based target case study |publisher=We Mean Business Coalition |date=14 March 2018 |url=https://www.wemeanbusinesscoalition.org/blog/orsted-science-based-target-case-study/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{keogh2018rsted, author = {Keogh, Megan}, title = {{Ørsted: Science-based target case study}}, institution = {We Mean Business Coalition}, year = {2018}, month = mar, url = {https://www.wemeanbusinesscoalition.org/blog/orsted-science-based-target-case-study/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }