How Ørsted shifted to 90 per cent renewables, redefining energy business models

In this case study, Filip Engel, Vice President of Sustainability at Ørsted, discusses the company’s transformation from a fossil fuel-heavy energy firm to a global leader in renewables. 

Joining Ørsted (formerly DONG Energy) in 2008, when it was one of Europe’s most carbon-intensive companies, he sensed an opportunity to drive change. Ørsted shifted from 85% fossil fuel-based power and heat generation to 90% renewables, aiming for carbon neutrality by 2025. This transformation, driven by top management and external pressures like EU climate targets and public protests, focused on scaling offshore wind, a then-immature technology. 

Engel emphasizes the need for leadership to challenge assumptions, take risks, and communicate a clear vision, while urging young professionals to push for change and listen to marginal voices for future insights.

Disclaimer: This case example is intended strictly for learning purposes and does not constitute an endorsement of the individual companies by the UN Global Compact.