GN Store Nord A/S

GN Store Nord A/S, a Danish company in the Electrical machinery and apparatus sector, reported its most recent carbon emissions data for 2025.

Carbon Emissions:

• 2025: Total emissions are approximately 244.3 million kg CO2e.
  • Scope 1 emissions were about 2.9 million kg CO2e.
  • Market-based Scope 2 emissions were approximately 1.7 million kg CO2e.
  • Key Scope 3 emissions included purchased goods and services at around 140.1 million kg CO2e, upstream transportation and distribution at approximately 30.1 million kg CO2e, and use of sold products at about 33.2 million kg CO2e.
• 2024: Total emissions were approximately 271.7 million kg CO2e.
  • Scope 1 emissions were about 2.7 million kg CO2e.
  • Market-based Scope 2 emissions were approximately 1.4 million kg CO2e.
  • Significant Scope 3 emissions included purchased goods and services at around 146.6 million kg CO2e, upstream transportation and distribution at approximately 40.7 million kg CO2e, and use of sold products at about 38.3 million kg CO2e.
• 2023: Total emissions were approximately 345.1 million kg CO2e.
  • Scope 1 emissions were about 2.4 million kg CO2e, comprising mobile combustion (approximately 1.9 million kg CO2e), stationary combustion (around 414,000 kg CO2e), and fugitive emissions (about 58,000 kg CO2e).
  • Market-based Scope 2 emissions were approximately 3.2 million kg CO2e.
  • Key Scope 3 emissions included purchased goods and services at around 131.5 million kg CO2e, upstream transportation and distribution at approximately 96.2 million kg CO2e, and use of sold products at about 62.1 million kg CO2e.
• 2022: Total emissions were approximately 456.6 million kg CO2e.
  • Scope 1 emissions were about 2.2 million kg CO2e, including mobile combustion (approximately 1.8 million kg CO2e), stationary combustion (around 402,000 kg CO2e), and fugitive emissions (about 71,000 kg CO2e).
  • Market-based Scope 2 emissions were approximately 6.3 million kg CO2e.
  • Significant Scope 3 emissions included purchased goods and services at around 188.1 million kg CO2e, upstream transportation and distribution at approximately 135.3 million kg CO2e, and use of sold products at about 75.1 million kg CO2e.
• 2021: Total emissions were approximately 358.8 million kg CO2e.
  • Scope 1 emissions were about 2.4 million kg CO2e.
  • Market-based Scope 2 emissions were approximately 7.4 million kg CO2e.
  • Key Scope 3 emissions included purchased goods and services at around 164.9 million kg CO2e, upstream transportation and distribution at approximately 90.2 million kg CO2e, and use of sold products at about 50.5 million kg CO2e.
• 2020: Emissions data indicates Scope 1 emissions were about 2.4 million kg CO2e and market-based Scope 2 emissions were approximately 8.1 million kg CO2e. Scope 3 emissions totalled around 425.5 million kg CO2e, with significant contributions from purchased goods and services (approximately 144 million kg CO2e), upstream transportation and distribution (about 152 million kg CO2e), and use of sold products (around 80.3 million kg CO2e).
• 2019: No comprehensive emissions data was disclosed; however, carbon emissions per employee were reported at 2,500 kg CO2e.

Climate Commitments and Targets:

GN Store Nord A/S is committed to ambitious climate action, aligning with Science Based Targets initiative (SBTi) requirements.

• Near-Term Targets: The company aims to reduce absolute Scope 1 and 2 GHG emissions by 80% by 2030 from a 2021 base year. Additionally, absolute Scope 3 GHG emissions are targeted for a 25% reduction within the same timeframe. These targets are classified as consistent with keeping warming to 1.5°C.
• Long-Term Targets: GN Store Nord A/S has committed to achieving net-zero emissions by 2050 at the latest. This includes reaching net zero Scope 1 and Scope 2 emissions by 2050. Specific long-term goals include a 50% reduction in Scope 1 emissions by 2050 and a 45% reduction in Scope 2 emissions by 2050 from a 2023 baseline.