Oersted A/S

Common Name
Oersted
Country
Denmark
Sector
Utilities
Industry
Utilities - Renewable
Employees
8,661
Ticker
ORSTED
Exchange
NASDAQ COPENHAGEN A/S
Website
orsted.com
Description
Ørsted A/S is a prominent energy company based in Denmark, specializing in renewable energy solutions. Its primary function is to develop, construct, and operate a variety of renewable energy projects...

Oersted's GHG Emissions Data Preview

In 2024, Oersted completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Oersted has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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b
0000000
Location-Based
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b
0000000
Total Scope 3
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
0000000
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Verified Sources Behind Oersted’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Oersted’s data sources below and access millions more through our Disclosure Search.

a. Oersted's Annual Report 2024
a. Oersted's Annual Report 2024
b. Oersted's Annual Report 2023
b. Oersted's Annual Report 2023
c. Oersted's ESG Report 2022
c. Oersted's ESG Report 2022

Insights into Oersted's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Oersted amounted to 792,224 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Oersted decreased by 52.78%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Oersted's Scope 1 Emissions Over Time

202020212022202320240550 k1.1 M1.65 M2.2 MtCO2e+16%-26%0%-54%
  • Total Scope 1
  • Year-over-Year Change

What are Oersted's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Oersted were 733,299 metric tons of CO₂ equivalent (tCO₂e). a

Has Oersted reduced its Scope 1 emissions over time?

Since 2020, Oersted's Scope 1 emissions have decreased by 60.38%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Oersted's Scope 1 emissions decreased by 53.73%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Oersted's Scope 2 emissions?

In 2024, Oersted reported Scope 2 greenhouse gas (GHG) emissions of 875 tCO₂e using the market-based method and 58,925 tCO₂e using the location-based method. a

Has Oersted reduced its Scope 2 emissions over time?

Since 2020, Oersted's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 46.91%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2023), Oersted's Scope 2 emissions (Location-Based) fell by 36.61% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Oersted use for Scope 2 reporting?

In 2024, Oersted reported its Scope 2 emissions using the market-based method and using the location-based method. a

Oersted's Scope 2 Emissions Over Time

20202021202220232024030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Oersted's Value Chain Emissions

In 2024, Oersted reported 9,043,386 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Oersted includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Oersted's Scope 3 Emissions Over Time

2020202120222023202406.5 M13 M19.5 M26 MtCO2e-28%-40%-49%+61%
  • Total Scope 3
  • Year-over-Year Change

What are Oersted's Scope 3 emissions?

In 2024, Oersted reported total Scope 3 emissions of 9,043,386 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 55.41% of these emissions originated from upstream activities such as purchased goods and capital goods, while 44.59% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Oersted reduced its Scope 3 emissions over time?

Since 2020, Oersted's Scope 3 emissions have decreased by 64.3%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Oersted's Scope 3 emissions increased by 60.59%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Oersted disclose?

In 2024, Oersted reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Oersted's Scope 3 emissions?

In 2024, the largest contributors to Oersted's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 4,032,177 tCO₂e (44.59%)
  • Capital Goods (Cat. 2): 3,050,022 tCO₂e (33.73%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,390,869 tCO₂e (15.38%)

Oersted's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(15.4%)Use of Sold Products(Cat. 11)(44.6%)Capital Goods(Cat. 2)(33.7%)

Insights into Oersted’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Oersted reported Scope 1 greenhouse gas (GHG) emissions of 733,299 tCO₂e and total revenues of USD 8,199 millions. This translates into an emissions intensity of 89.43 tCO₂e per millions USD. a

Oersted's Scope 1 Emissions Intensity Compared to Peers

1005,000200,0005,000,000200,000,000Scope 1 Emissions (tCO2e)1005005,00020,000200,000Revenues (Millions of USD)CGTDChugoku Electric PowerYear: 2023Scope 1: 19,610,000 tCO2eRevenue: $M 12,722Scope 1 Intensity: 1,541.41 tCO2e/$MCCCTGRYear: 2023Scope 1: 14,415 tCO2eRevenue: $M 3,727Scope 1 Intensity: 3.87 tCO2e/$MEDP RenovaveisYear: 2024Scope 1: 4,150 tCO2eRevenue: $M 2,796Scope 1 Intensity: 1.48 tCO2e/$MGGGuangxi Guiguan Electric PowerYear: 2023Scope 1: 4,236,710 tCO2eRevenue: $M 1,138Scope 1 Intensity: 3,721.45 tCO2e/$MPublic PowerYear: 2024Scope 1: 10,528,803 tCO2eRevenue: $M 9,343Scope 1 Intensity: 1,126.89 tCO2e/$MBKWYear: 2024Scope 1: 881,500 tCO2eRevenue: $M 5,023Scope 1 Intensity: 175.49 tCO2e/$MEnlight Renewable EnergyYear: 2023Scope 1: 256 tCO2eRevenue: $M 256Scope 1 Intensity: 1.00 tCO2e/$MSJVNYear: 2024Scope 1: 648 tCO2eRevenue: $M 308Scope 1 Intensity: 2.10 tCO2e/$MTTTEPCOYear: 2023Scope 1: 194,000 tCO2eRevenue: $M 60,903Scope 1 Intensity: 3.19 tCO2e/$MMercury NzYear: 2023Scope 1: 213,645 tCO2eRevenue: $M 1,674Scope 1 Intensity: 127.62 tCO2e/$MAcciona EnergíaYear: 2024Scope 1: 12,473 tCO2eRevenue: $M 3,172Scope 1 Intensity: 3.93 tCO2e/$MOrmat TechnologiesYear: 2023Scope 1: 171,778 tCO2eRevenue: $M 829Scope 1 Intensity: 207.11 tCO2e/$MNHPCYear: 2025Scope 1: 4,016 tCO2eRevenue: $M 1,214Scope 1 Intensity: 3.31 tCO2e/$MConstellation EnergyYear: 2023Scope 1: 9,679,181 tCO2eRevenue: $M 24,918Scope 1 Intensity: 388.44 tCO2e/$MChina Longyuan Power GroupYear: 2023Scope 1: 9,948,568 tCO2eRevenue: $M 5,296Scope 1 Intensity: 1,878.34 tCO2e/$MDDDatang Renewable PowerYear: 2023Scope 1: 7,103 tCO2eRevenue: $M 1,967Scope 1 Intensity: 3.61 tCO2e/$MElectricite de StrasbourgYear: 2024Scope 1: 1,032 tCO2eRevenue: $M 1,437Scope 1 Intensity: 0.72 tCO2e/$MBrookfield Renewable PartnersYear: 2024Scope 1: 140,074 tCO2eRevenue: $M 8,103Scope 1 Intensity: 17.29 tCO2e/$MEletrobrasYear: 2024Scope 1: 2,332,558 tCO2eRevenue: $M 6,504Scope 1 Intensity: 358.63 tCO2e/$MSDIC Power HoldingsYear: 2023Scope 1: 49,912,082 tCO2eRevenue: $M 7,980Scope 1 Intensity: 6,254.87 tCO2e/$MChina Yangtze PowerYear: 2023Scope 1: 1,716 tCO2eRevenue: $M 10,990Scope 1 Intensity: 0.16 tCO2e/$MLightYear: 2022Scope 1: 17,474 tCO2eRevenue: $M 2,460Scope 1 Intensity: 7.10 tCO2e/$MFortumYear: 2024Scope 1: 1,351,041 tCO2eRevenue: $M 6,036Scope 1 Intensity: 223.85 tCO2e/$MOerstedYear: 2024Scope 1: 733,299 tCO2eRevenue: $M 8,199Scope 1 Intensity: 89.43 tCO2e/$M

How does Oersted's GHG emissions intensity compare to its peers?

In 2024, Oersted reported a Scope 1 emissions intensity of 89.43 tCO₂e per millions USD. Compared to the peer group median of 17.29 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Oersted rank on GHG emissions intensity within its industry?

In 2024, Oersted ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Oersted is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Oersted's Total Carbon Footprint

In 2024, Oersted reported a total carbon footprint of 9,835,610 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 34.56% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Oersted's total carbon footprint was Scope 3 emissions, accounting for 91.95% of the company's total carbon footprint, followed by Scope 1 emissions at 7.46%. a

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