Orsted has been named the world’s most sustainable energy developer.
The company was ranked number one among the 292 power generating companies in Corporate Knights’ 2024 Global 100 index for the fifth time.
Corporate Knights benchmarks a company’s sustainability performance against its usual peers and across sectors.
Ingrid Reumert, senior vice president and head of global stakeholder relations at Orsted, said: “We’re happy to be recognised by Corporate Knights as the world’s most sustainable energy developer.
“Working seriously with sustainability requires ambition, thoroughness, and strong partnerships – and adds to our continued commitment to create a world that runs entirely on green energy.
“World leaders at COP28 agreed to triple the global renewable energy capacity by 2030 – this will require a build-out of renewables at a pace and scale never seen before.
“Doing so in a sustainable way is both necessary for our planet and to secure the licence to operate by governments and societies.
“We’ll only be able to reach a tripling of renewables by 2030 if we gain community support, ease long-term raw material pressures in our supply chains, and unlock access to space to build at land and sea – sustainability is key in all of these endeavors.”The Corporate Knights ranking was due to Orsted’s sustainable revenue share increasing from 66% to 73% in 2022, and its sustainable share of CAPEX remained at 99%, reflecting that it directs all our investments to renewable energy projects.
Its decarbonisation efforts and transition to renewable energy were recognised, reflecting that Orsted has reduced its scope 1-2 emissions by 87 % from 2006 to 2022 and is on track to completely phase out coal this year.
The Danish developer also launched a climate advocacy report in 2023 to help build best practices and transparency on climate-related advocacy.
Also, the increased ethnic and gender diversity in its top management positively influenced our ranking, Orsted said.