Public Profile

Hydro

Hydro, officially known as Norsk Hydro ASA, is a leading global aluminium and renewable energy company headquartered in Norway. Founded in 1905, Hydro has established itself as a key player in the aluminium industry, with significant operations across Europe, North America, and Brazil. The company focuses on the entire aluminium value chain, from bauxite extraction to recycling, offering unique products that cater to various sectors, including automotive, construction, and packaging. Hydro is renowned for its commitment to sustainability, leveraging innovative technologies to produce low-carbon aluminium. With a strong market position, the company has achieved notable milestones, including advancements in energy efficiency and a robust recycling programme. Hydro continues to lead the way in promoting sustainable practices within the aluminium industry, making it a preferred choice for environmentally conscious clients.

DitchCarbon Score

How does Hydro's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

58

Industry Average

Mean score of companies in the Hydropower Generation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

18

Industry Benchmark

Hydro's score of 58 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.

100%

Hydro's reported carbon emissions

In 2023, Hydro reported total carbon emissions of approximately 9,350,000,000 kg CO2e, comprising 5,920,000,000 kg CO2e from Scope 1 and 3,370,000,000 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions amounting to about 12,090,000,000 kg CO2e. Hydro has not set specific reduction targets or initiatives as per the latest data, indicating a lack of formal commitments to reduce emissions through frameworks such as the Science Based Targets initiative (SBTi). However, the company continues to focus on improving its operational efficiency and reducing greenhouse gas intensity in its production processes, particularly in alumina refining and electrolysis. Overall, Hydro's emissions reflect its ongoing challenges in managing carbon outputs while striving for sustainability in the aluminium industry.

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2015201620172018201920202021202220232024
Scope 1
4,750,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
Scope 2
1,140,000,000
0,000,000,000
000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
Scope 3
-
-
-
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hydro's primary industry is Electricity by hydro, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Hydro is headquartered in NO, which has a rank of very low, indicating very low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Hydro is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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