2020’s Most Sustainable Company: An Oil & Gas Company

The company: Danish Oil & Natural Gas, now named Ørsted

How:

• 2009 opened what was then the world’s largest offshore wind farm
• “transformed from a company that had fossil fuels at the core of its business to being essentially a pure-play renewable energy company”
•  reduced its CO2 emissions by more than 80% since 2006 

Is it making a profit? Yes, “Our return on capital is 300 to 400 basis points higher than the European average.”

Corporate Knights | Top company profile: Denmark’s Ørsted is 2020’s most sustainable corporation