Nel
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 12 is lower than 66% 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 2022, Nel ASA reported total carbon emissions of approximately 8,000,000 kg CO2e, comprising 1,000,000 kg CO2e from Scope 2 and 7,000,000 kg CO2e from Scope 3 emissions. Notably, there were no reported emissions from Scope 1. This represents a significant increase in emissions compared to 2021, where Scope 2 emissions were 2,000,000 kg CO2e, and Scope 3 emissions data was not disclosed. Over the past few years, Nel has shown a trend in its emissions reporting. In 2020, the company reported 1,265,000 kg CO2e from both Scope 1 (363,000 kg CO2e) and Scope 2 (902,000 kg CO2e). In 2019, emissions were slightly higher at 2,000,000 kg CO2e, with Scope 1 at 365,000 kg CO2e and Scope 2 at 1,665,000 kg CO2e. The data indicates that while Scope 1 emissions have remained negligible, Scope 2 emissions have fluctuated significantly. Despite these emissions figures, Nel ASA has not set specific reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate action strategies within the organisation. Overall, Nel ASA's emissions profile highlights the importance of addressing Scope 2 and Scope 3 emissions, particularly as the company continues to grow in the hydrogen production sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 369,000 | 000,000 | 000,000 | - | - |
| Scope 2 | 1,053,400 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 0,000,000 |
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.
Nel 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.
