Orsted A/S 2023 Annual Report with Sustainability Disclosures
Company: Orsted A/S
Sector: Energy utilities
Country: Denmark
Year: 2023
Type: Annual Report with Sustainability Disclosures
Pages: 252
The report presents Ørsted's first sustainability statements structured around ESRS and a first double materiality assessment, while noting that full CSRD alignment is still in development. The company reports a formally validated science-based net-zero target for 2040 and new 2030 decarbonisation targets submitted for validation. It also reports 15.7 GW of installed renewable capacity and a 93% renewable share of heat and power generation. The year was nevertheless marked by major US offshore wind challenges, including the cessation of Ocean Wind 1 and 2 and substantial impairment losses.
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