Nkt
NKT, also known as NKT A/S, is a leading global provider of advanced cable solutions, headquartered in Ballerup, Denmark. Founded in 1891, the company has established a strong presence in Europe, North America, and Asia, specialising in the energy and telecommunications sectors. NKT is renowned for its innovative high-voltage cables, which are pivotal in facilitating the transition to renewable energy sources. With a commitment to sustainability and cutting-edge technology, NKT has achieved significant milestones, including the development of the world’s longest submarine cable. The company’s core offerings, such as power cables and accessories, are distinguished by their reliability and performance, positioning NKT as a trusted partner in the energy infrastructure market. Recognised for its expertise, NKT continues to lead the industry with a focus on quality and customer satisfaction.
DitchCarbon Score
How does Nkt'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 Electricity Supply 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
Nkt's score of 62 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Nkt's reported carbon emissions
In 2023, NKT Cables Group A/S reported total greenhouse gas emissions of approximately 8.1 million tonnes CO2e across all scopes. This includes about 14.3 million kg CO2e from Scope 1 emissions, 41.7 million kg CO2e from Scope 2 emissions, and a significant 8.1 billion kg CO2e from Scope 3 emissions, which encompasses various categories such as purchased goods and services, use of sold products, and employee commuting. NKT has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 90% by FY2030, using FY2019 as the baseline. Additionally, the company plans to increase its sourcing of renewable electricity from 18% in FY2019 to 100% by FY2023, maintaining this commitment through 2030. For Scope 3 emissions, NKT targets a reduction of 27.5% by FY2030 from the same base year. These targets align with the Science Based Targets initiative (SBTi) and reflect NKT's commitment to sustainable practices and climate action, contributing to global efforts to limit temperature rise to 1.5°C.
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Add to project2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | - | 00,000 | 00,000 |
| Scope 3 | 36,100,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 |
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.
Nkt is committed to some reduction initiatives 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.
