Nel Sustainability Profile
Nel ASA, commonly referred to as Nel, is a leading hydrogen solutions provider headquartered in Norway. Founded in 1927, the company has established itself as a pioneer in the hydrogen industry, focusing on the production, storage, and distribution of hydrogen fuel. With significant operations across Europe, North America, and Asia, Nel is at the forefront of the transition to sustainable energy. The company offers a range of innovative products, including electrolyser systems and hydrogen refuelling stations, which are distinguished by their efficiency and reliability. Nel's commitment to advancing hydrogen technology has positioned it as a key player in the global market, contributing to various high-profile projects aimed at reducing carbon emissions. With a strong emphasis on sustainability, Nel continues to drive the adoption of hydrogen as a clean energy source, solidifying its reputation as an industry leader.
DitchCarbon Score
How does Nel'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 Gas/Diesel Oil 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
Nel's score of 28 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nel's reported carbon emissions
In 2024, Nel ASA reported total carbon emissions of approximately 13,363,000 kg CO2e from Scope 3, 8,002,000 kg CO2e from Scope 2 (market-based), and 171,000 kg CO2e from Scope 1. The total emissions for Scope 1 and 2 combined were about 8,173,000 kg CO2e. In 2023, the company recorded similar emissions, with Scope 3 at approximately 15,509,000 kg CO2e, Scope 2 (market-based) at about 5,905,000 kg CO2e, and Scope 1 at 373,000 kg CO2e. Notably, Nel ASA has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company has disclosed emissions data for all three scopes (1, 2, and 3) for the years 2023 and 2024, indicating a commitment to transparency in its carbon footprint reporting. The emissions data is not cascaded from any parent organization, and all figures are reported directly from Nel ASA. The company is headquartered in Norway and continues to focus on its role in the hydrogen sector, which is critical for achieving broader climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 369,000 | 000,000 | 000,000 | - | - | 000,000 | 000,000 |
| Scope 2 | 1,053,400 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Nel's Industry?
How Carbon Intensive is Nel's Location?
Nel's Scope 3 Categories Breakdown
Nel's Scope 3 emissions, which decreased by 14% last year and increased by approximately 91% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 62% of total emissions under the GHG Protocol, with "Capital Goods" representing nearly all of their reported Scope 3 footprint.
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Nel'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.
Nel 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.
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