ØRSTED
Our
green transformation
It may come as a surprise to learn that only a decade ago Ørsted - which was then called DONG Energy - was one of the most coal-intensive energy companies in Europe . Today , they have been crowned the most sustainable energy company in Corporate Knights ’ 2021 Global 100 index of the most sustainable corporations .
“ We ’ re the world leader in offshore wind . This means we have installed green power capacity to supply more than 15 million people with green energy and our ambition is to increase this figure to 30 million by 2025 ,” said Krabek who is keen to discuss how Ørsted has shaped its own sustainable future , how it is working to enable and inspire a world to run entirely on green energy and how she is collaborating with stakeholders to ensure the best outcomes for the planet and its people .
Phoenix from the ashes Ørsted was founded in 1973 as DONG – which stood for Danish Oil and Natural Gas
– and has risen like a phoenix from the ashes , dropping the original name and re-branding in 2017 in honour of the Danish physicist and chemist Hans Christian Ørsted , who inspired the electromagnetic theory .
“ The objective was to transform our core business from fossil fuels to renewable energy . This has given us a business model that is long-term sustainable – both environmentally and financially ,” said Krabek who has been with Ørsted since 2012 . “ I joined Ørsted because I saw a company that had a clear ambition to be a part of the solution when it came to addressing climate change and global warming .
“ Back in 2009 our legacy business came under pressure due to new regulations for European energy markets . We also saw intensified public interest in climate and resistance to coal-fired power stations . We realised we had to change our business model to achieve long-term sustainability and a viable financial business model .
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