Hydro

Norsk Hydro ASA, headquartered in Norway and operating in the aluminium and aluminium products industry, is committed to significant carbon emissions reductions.

Carbon Emissions Data:

• 2025: Hydro reported total emissions of approximately 27.08 billion kg CO2e. This comprised Scope 1 emissions of about 6.02 billion kg CO2e, Scope 2 market-based emissions of approximately 4.91 billion kg CO2e (with location-based Scope 2 at 1.56 billion kg CO2e), and Scope 3 emissions totalling around 16.15 billion kg CO2e. Key contributors to Scope 3 emissions included purchased goods and services (about 10.62 billion kg CO2e) and investments (approximately 2.82 billion kg CO2e).
• 2024: Total emissions were approximately 28.32 billion kg CO2e, with Scope 1 at about 6.37 billion kg CO2e, Scope 2 market-based at roughly 5.73 billion kg CO2e (Scope 2 location-based at 1.55 billion kg CO2e), and Scope 3 at approximately 16.22 billion kg CO2e. Purchased goods and services accounted for about 10.73 billion kg CO2e of Scope 3 emissions, and investments for approximately 2.83 billion kg CO2e.
• 2023: Total emissions for this year were not explicitly provided as a sum, but Scope 1 emissions were around 6.82 billion kg CO2e, Scope 2 location-based at 1.59 billion kg CO2e, and Scope 3 at approximately 16.38 billion kg CO2e. Purchased goods and services were the largest contributor to Scope 3 at about 10.99 billion kg CO2e.
• 2022: Scope 3 emissions were approximately 14.88 billion kg CO2e, with purchased goods and services being the largest component at about 12.34 billion kg CO2e.
• 2021: Scope 3 emissions were approximately 16.46 billion kg CO2e, with purchased goods and services contributing about 13.90 billion kg CO2e.
• 2020: Scope 1 emissions were 6.15 billion kg CO2e, and Scope 2 emissions were 3.58 billion kg CO2e, totalling 9.73 billion kg CO2e for Scopes 1 and 2.
• 2019: Scope 1 emissions were 5.91 billion kg CO2e, and Scope 2 emissions were 3.87 billion kg CO2e, totalling 9.78 billion kg CO2e for Scopes 1 and 2.
• 2018: Total emissions were approximately 23.91 billion kg CO2e, comprising Scope 1 at about 6.09 billion kg CO2e and Scope 2 location-based at 2.31 billion kg CO2e. Scope 3 emissions were 21.60 billion kg CO2e, with purchased goods and services at approximately 16.07 billion kg CO2e.

Climate Commitments and Reduction Targets:

Hydro has established a clear roadmap towards decarbonisation with ambitious targets:

• Net-Zero Ambition: Hydro aims to achieve net-zero GHG emissions by 2050 or earlier.
• Near-Term Reductions:
  • A 10% reduction in absolute Scope 1 and 2 GHG emissions by 2025, based on a 2018 baseline.
  • A 30% reduction in absolute Scope 1 and 2 GHG emissions by 2030, also based on a 2018 baseline.
  • For upstream Scope 3 emissions, Hydro targets a 15% reduction by 2030 and a 30% reduction per tonne of aluminium delivered to market by 2030, both referencing a 2018 baseline. They have already achieved significant reductions in upstream Scope 3 emissions.
• Scope 1 and 2 Near-Zero: There is an aim to reduce Scope 1 and Scope 2 emissions to near zero by 2025.

Hydro's commitment extends to phasing out fossil energy sources, removing direct emissions from production processes, and increasing the recycling of post-consumer aluminium scrap.