Ørsted, one of the world’s five largest renewable energy companies, joined the campaign with updated reduction targets for its business and wider footprint that were announced in August 2019. Carbon intensity of Ørsted’s energy generation decreased by 83% in mid-2019, from a 2006 baseline.
“Ørsted supports the ambition of halving global carbon emissions by 2030 to limit global warming to 1.5°C,” says Rasmus Skov, Head of Global PA & sustainable solutions at Ørsted. “We’re taking climate action by investing exclusively in green energy and will generate essentially carbon free energy by 2025.”
Updated science-based targets
Ørsted was one of the first energy companies to set a science-based target for reducing emissions from power and heat generation, and has the following targets:
- Reduce Scope 1 and 2 GHG emissions 98% per kWh by 2025 from a 2006 base year.
- Commit to reduce absolute Scope 3 GHG emissions 50% by 2032 from a 2018 base year.
By phasing out coal and increasing the build out of green energy, the company is fully on track to meet its scope 1 and 2 targets. To meet the scope 3 target, Ørsted will gradually reduce its natural gas sourcing portfolios, and closely engage with suppliers to reduce emissions from the goods and services it sources, in particular for construction of wind farms.