A ranking of the organizations doing the most to embrace sustainable business practices was revealed Tuesday at the World Economic Forum annual meeting in Davos, Switzerland. Compiled by Canadian research firm Corporate Knights since 2005, the
It’s no wonder that Ørsted topped the list: Divesting in fossil fuels and investing in offshore wind power helped the organization reduce carbon emissions by 83%, and half the company’s Global 100 sustainability score is dependent on revenue earned from products and services that benefit the environment or society. “The transformation has now come to a point where the vast majority of our energy production comes from renewable sources,” says Henrik Poulsen, CEO and president of Ørsted.
As part of its transformation, the business has created 20 sustainability programs, including a decarbonization initiative with a goal of getting Ørsted coal-free by 2023. The company’s offshore wind farms bring green power to more than 13 million people, and the aim is to reach 50 million by 2030.
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