Capital alignment with climate goals: Since the entry into force of the EU Climate Delegated Act, 99% of Ørsted’s capital expenditures (CAPEX) have been allocated to activities classified as sustainable. For 2024, these expenditures include DKK 37,867 million for the deployment of offshore and onshore wind capacity, DKK 6,097 million for the deployment of solar PV and energy storage technologies, and DKK 2,836 million for hydrogen, carbon capture and storage, and bioenergy activities.

The methodologies and emission factors used include:

• Global warming potential of greenhouse gases: CH4, N2O, SF6, as per the Intergovernmental Panel on Climate Change (IPCC): Climate Change 2021, The Physical Science Basis.
• Carbon emissions from fossil fuels at CHP plants: Cool, oil, natural gas, as per Danish Energy Agency: Standard factors for calorific value and carbon emissions, 2023.
• Carbon emissions from fossil fuels outside CHP plants: Diesel, petrol, fuel oil, jet fuel, as per American Petroleum Institute (API): Compendium of greenhouse gas emission methodologies for the natural gas and oil industry, 2021.
• Carbon emissions from power purchased in Denmark: EnerginetDK, 2023: General declaration on Miljødeklaration, 2021 (General declaration and environmental declaration, 2022).
• Carbon emissions from power purchased in other European countries: Association of Issuing Bodies (AIB): European Residual Mixes, 2023 (2022 data).
• Carbon emissions from power purchased in countries outside Europe: Institute for Global Environmental Strategies (IGES): list of grid emission factors, 2023.
• US Environmental Protection Agency (EPA): Supply Chain Greenhouse Gas Emission Factors, USD 2018.
• Purchased goods and services (category 1): Supply chain emission factors depending on product categories.
• Business travel (category 6): Assumptions: 'average car', 'unknown fuel type'.
• Fuel- and energy-related activities (category 3): Emissions from regular power sales and upstream supply chain for fuels.
• Capital goods (category 2): Wind farms, offshore. The model is based on the ISO 14040/44 life cycle assessment standard (L) and applied in the openLCA software. The modeling is conducted using the Environmental Footprint 3.0 LCIA (life cycle impact assessment) method, and the impacts of each activity/material come from the ecoinvent environmental database, version 3.8.