Prominent Danish energy companies Vestas and Ørsted have been named as world leaders in sustainable energy in the annual accolades published by Corporate Knights.
Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in the 18th annual index published by Corporate Knights.
The ranking is linked to the ‘industry-leading progress of Vestas’ sustainability strategy’. Launched in 2020, the strategy has established sustainability performance as a core priority across the entire value chain, including across its supplier network. As part of the strategy, Vestas recently launched an ambitious circularity roadmap and governance structure, along with having its carbon emissions reduction targets for internal operations validated by the Science Based Targets initiative, as being in line with the 1.5 degree scenario of the Paris Agreement.
“Vestas has successfully helped our partners avoid more than 1.7 billion tonnes carbon emissions over the past four decades. Building a more sustainable future for our planet however, demands that we do more. As the energy transition accelerates, Vestas is dedicated to making sure this transformation unfolds sustainably, in close collaboration with our partners”, said Henrik Andersen, CEO and president of Vestas.
Ørsted was ranked as the world’s most sustainable energy company on the Global 100 index for the fourth year running, and took seventh place across all sectors. The company has produced a handbook on how governments and businesses can move from ambition to action in a crucial climate year, and has transformed its business from fossil fuels to renewables faster than any other major energy company. The early transition has made Ørsted ‘the global leader in offshore wind and a trusted partner for governments and businesses who take real action on climate’.
The Corporate Knights Global 100 index is an annual ranking of the world’s 100 most sustainable corporations. These companies represent the top 1 % in the world on corporate sustainability performance. The ranking is cross-sectoral, including the industrial, financial, IT, consumer, and healthcare sectors.
To determine the 2022 ranking, Corporate Knights analysed 6914 companies with more than USD 1 billion in revenues against global industry peers on a suite of up to 24 quantitative key performance indicators.