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.
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 40 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 carbon emissions of approximately 28,300,000,000 kg CO2e. This includes 6,360,000,000 kg CO2e from Scope 1 emissions, 6,610,000,000 kg CO2e from Scope 2 emissions (market-based), and 15,350,000,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its 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. In 2023, Hydro's emissions were reported as 1,940,000,000 kg CO2e for Scope 1 and 160,000,000 kg CO2e for Scope 2 in Norway, with a total of 19,093,992,100 USD in revenue. The company aims to achieve net-zero emissions across all scopes by 2050 or earlier, reflecting its commitment to sustainability and climate action. Hydro's emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations. The company is actively working towards its climate commitments, focusing on significant reductions in its carbon footprint while maintaining transparency in its reporting practices.
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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 | - | - | - | 0,000,000,000 | 00,000,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions 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 participating in any of the initiatives that 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.
