Ref: IMD-7-2253

Case study

Reference: IMD-7-2253

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Ørsted: On the path to net zero

Knut Haanaes

By Professor Knut HaanaesKnut Haanaes and Marc Chauvet

Until 2009, the Danish oil and gas company Orsted was a worldwide leader in energy production from fossil fuels. Spurred by the 2009 Copenhagen climate summit, Orsted decided to turn around into wind power and divest entirely it’s non renewable assets. Within a decade, Orsted went from being a highly polluting company to a world class renewable energy company.

Learning Objective

  • Showcase how Orsted succeeded to transform into a world class sustainable energy supplier from a coal-focused energy company in only 10 years
Keywords Affordable Energy​, Clean Energy​, Climate Action, Environmental Social and Governance Integration, Fossil Fuel, Gas, Industry Infrastructure, Industry Innovation, Net Zero, Oil, Photovoltaics, Renewable Energy, Solar Energy, Sustainability, Transformation, Wind Energy
Settings Denmark, Germany, Greece, Poland, Spain, Sweden
BP, Dong Energy, Ørsted, Energy
Type Published Sources
Copyright ©IMD 2022
Language English
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Reference: IMD-7-2253

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