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 63% 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 17,100 kg CO2e for Scope 1, about 8,002,000 kg CO2e for Scope 2 (market-based), and around 13,363,000 kg CO2e for Scope 3 emissions. The total emissions from Scope 1 and 2 combined were about 8,019,000 kg CO2e. In 2023, the company recorded emissions of approximately 373,000 kg CO2e for Scope 1, about 5,905,000 kg CO2e for Scope 2 (market-based), and around 15,509,000 kg CO2e for Scope 3, with a total of about 6,278,000 kg CO2e for Scope 1 and 2 combined. Over the years, Nel has shown a significant increase in emissions, particularly in Scope 3, which includes emissions from capital goods, indicating a growing operational footprint. For instance, in 2022, Scope 3 emissions were about 7,000,000 kg CO2e, while in 2023, they surged to approximately 15,509,000 kg CO2e. Despite the rising emissions, Nel ASA has not set specific reduction targets or initiatives as part of their climate commitments, nor do they have any cascaded data from a parent organization. The company is focused on hydrogen production, which is critical in the transition to a low-carbon economy, but further details on their climate strategy or pledges are not available.
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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.
Top Scope 3 Categories
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.
