Hydro Sustainability Profile
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.
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.
Industry Benchmark
Hydro's score of 52 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hydro's reported carbon emissions
In 2024, Norsk Hydro ASA reported total greenhouse gas emissions of approximately 28,300,000,000 kg CO2e, with emissions distributed across various scopes: 6,360,000,000 kg CO2e for Scope 1, 6,610,000,000 kg CO2e for Scope 2 (market-based), and 15,350,000,000 kg CO2e for Scope 3. The company's emissions for 2023 in Norway were about 1,940,000,000 kg CO2e, comprising 1,780,000,000 kg CO2e from Scope 1 and 160,000,000 kg CO2e from Scope 2. Hydro has set ambitious climate commitments, aiming to reduce its absolute direct and indirect greenhouse gas emissions by 10% by 2025 and 30% by 2030, using a 2018 baseline. These targets apply to both Scope 1 and Scope 2 emissions. Furthermore, Hydro aspires to achieve net-zero emissions across all scopes by 2050 or earlier. The company’s reduction initiatives are supported by a roadmap that includes specific targets for Scope 1 and Scope 2 emissions, with a focus on achieving near-zero emissions by 2025. This commitment reflects Hydro's proactive approach to addressing climate change and aligns with industry standards for sustainability and emissions reduction.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,850,000,000 | 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 | 3,340,000,000 | 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 3 | - | - | - | - | 00,000,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Hydro's Industry?
How Carbon Intensive is Hydro's Location?
Hydro's Scope 3 Categories Breakdown
Hydro's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 36% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 54% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 66% of Scope 3 emissions.
Top Scope 3 Categories
Hydro's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hydro has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
