We recognise the importance of tackling the impacts of our legacy business, as locked-in emissions pose a significant transition challenge if left unaddressed. To guide progress toward our net-zero goals, we have set an absolute emissions reduction target for scope 3 emissions from gas sales, aiming to reduce emissions by ~67% by 2030 (baseline 2018) and by ~90% by 2040. To mitigate potential risks associated with locked-in emissions, we focus on measurable performance and avoiding additional locked-in emissions by not entering into new gas sourcing agreements that would contribute to additional locked-in emissions.

The total energy consumption of Ørsted is derived from activities under NACE code D35 'Electricity, gas, steam and air conditioning supply' as defined in Commission Delegated Regulation (EU) 2022/1288. The energy intensity from activities in high climate impact sectors is 225 MWh/DKKm in 2024, which is a 15% increase from 196 MWh/DKKm in 2023. This increase is due to a 3% increase in total energy consumption and a 10% reduction in revenue.