NKT Cables Group A/S
NKT Cables Group A/S, commonly referred to as NKT, is a leading provider of high-quality cable solutions, headquartered in Denmark (DK). Established in 1891, the company has evolved to become a key player in the energy and telecommunications sectors, with significant operations across Europe and beyond. NKT specialises in the design and manufacture of power cables, including high voltage and medium voltage cables, as well as fibre optic cables. Their innovative products are distinguished by advanced technology and a commitment to sustainability, positioning NKT as a trusted partner in the transition to renewable energy. With a strong market presence, NKT has achieved notable milestones, including significant contracts in offshore wind projects, reinforcing its reputation as a pioneer in the cable industry. The company continues to drive progress in energy infrastructure, making it a vital contributor to global energy solutions.
DitchCarbon Score
How does NKT Cables Group A/S'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 Business Services 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 Cables Group A/S's score of 47 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
NKT Cables Group A/S's reported carbon emissions
In 2022, NKT Cables Group A/S reported total greenhouse gas emissions of approximately 10,387,900,000 kg CO2e, with emissions distributed across various scopes: 13,215,000 kg CO2e for Scope 1, 37,494,000 kg CO2e for Scope 2, and 10,387,900,000 kg CO2e for Scope 3. The company has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. NKT Cables Group A/S has established near-term targets to reduce absolute Scope 1 and 2 emissions by 90% by 2030, using 2019 as the base year. Additionally, the company plans to increase its sourcing of renewable electricity from 18% in 2019 to 100% by 2024, maintaining this level through 2030. For Scope 3 emissions, NKT aims to achieve a 27.5% reduction from purchased goods and services and the use of sold products by 2030. Long-term, NKT Cables Group A/S commits to maintaining a minimum of 90% absolute reductions in Scope 1 and 2 emissions from 2030 to 2050, and a 90% reduction in Scope 3 emissions by 2050, again using 2019 as the baseline. These targets include land-related emissions and removals from bioenergy feedstocks, aligning with industry standards for climate action.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 14,799,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 48,177,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 |
| Scope 3 | 9,012,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 |
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 Cables Group A/S 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.
