Hydro

Hydro, headquartered in Norway and operating in the Other Aluminum Rolling, Drawing, and Extruding industry, reported total emissions of approximately 27 billion kg CO2e in 2025. This figure comprises 6.02 billion kg CO2e from Scope 1 emissions, 4.91 billion kg CO2e from Scope 2 (market-based) emissions, and 16.15 billion kg CO2e from Scope 3 emissions. For Scope 3, significant contributors include purchased goods and services at 10.62 billion kg CO2e, investments at 2.82 billion kg CO2e, and processing of sold products at 1.4 billion kg CO2e.

Looking back, in 2024, Hydro's total emissions were approximately 28.32 billion kg CO2e, with Scope 1 at 6.37 billion kg CO2e, Scope 2 (market-based) at 5.73 billion kg CO2e, and Scope 3 at 16.22 billion kg CO2e. In 2023, the company reported Scope 1 emissions of 6.82 billion kg CO2e and Scope 3 emissions of 16.38 billion kg CO2e. For 2022, total emissions stood at approximately 39.08 billion kg CO2e, including Scope 1 emissions of 7.36 billion kg CO2e, Scope 2 emissions of 3.67 billion kg CO2e, and Scope 3 emissions of 27.92 billion kg CO2e. In 2021, total emissions were approximately 40.3 billion kg CO2e, with Scope 1 at 7.75 billion kg CO2e, Scope 2 at 3.71 billion kg CO2e, and Scope 3 at 28.84 billion kg CO2e. In 2020, Hydro's Scope 1 emissions were 7.13 billion kg CO2e and Scope 2 emissions were 3.51 billion kg CO2e. In 2019, Scope 1 emissions were 6.76 billion kg CO2e and Scope 2 emissions were 3.81 billion kg CO2e.

Hydro has established several climate commitments:

• Near-term Absolute Reduction Targets: The company aims to reduce its absolute Scope 1 and Scope 2 GHG emissions by 10% by 2025 and 30% by 2030, both against a 2018 baseline.
• Near-term Scope 3 Reduction Targets: Hydro targets a 15% reduction in total upstream Scope 3 emissions by 2030, also using a 2018 baseline. Additionally, the company aims to reduce upstream Scope 3 emissions per tonne of aluminium delivered to the market by 30% by 2030, compared to a 2018 baseline. As of 2023, Hydro had reduced its total upstream Scope 3 emissions by 36% compared to the 2018 baseline, and emissions per tonne of aluminium delivered to market had decreased by 32%.
• Long-term Net-Zero Ambition: Hydro's overarching ambition is to achieve net-zero GHG emissions for all scopes by 2050 or earlier. This includes specific aims to reduce Scope 1 and Scope 2 emissions to near zero by 2050 or earlier.