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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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are Oersted's Scope 2 emissions?

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

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.

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.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

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.

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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

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.

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.

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:

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

Oersted's Scope 3 Emissions by Categories

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

Insights into Oersted's Total Carbon Footprint

In 2024, Oersted reported a total carbon footprint of 9,835,610 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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.

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%.

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