Public Profile

Northvolt

Northvolt, officially known as Northvolt AB, is a pioneering battery manufacturer headquartered in Sweden (SE). Founded in 2016, the company has rapidly established itself as a key player in the European battery industry, focusing on sustainable energy solutions. With major operations in Sweden and Germany, Northvolt aims to revolutionise the production of lithium-ion batteries for electric vehicles and energy storage systems. The company’s core products include high-performance battery cells and systems, distinguished by their commitment to sustainability and low environmental impact. Northvolt's unique approach integrates recycling and renewable energy into its manufacturing processes, setting it apart in a competitive market. Notable achievements include securing significant partnerships with leading automotive manufacturers and raising substantial funding to expand its production capacity, positioning Northvolt as a leader in the transition to a greener economy.

DitchCarbon Score

How does Northvolt'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.

40

Industry Average

Mean score of companies in the Furniture Manufacturing 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.

26

Industry Benchmark

Northvolt's score of 40 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.

86%

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Northvolt's reported carbon emissions

In 2023, Northvolt reported total carbon emissions of approximately 343,965,000 kg CO2e. This figure includes 735,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 980,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 342,250,000 kg CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as purchased goods and services (approximately 282,780,000 kg CO2e) and upstream transportation and distribution (about 14,420,000 kg CO2e). Northvolt has set ambitious climate commitments through its Carbon Roadmap, aiming to significantly reduce its carbon footprint in cell production from 33 kg to 10 kg CO2e per kWh by 2030. This represents a substantial reduction target of approximately 69%. The company is actively working on initiatives across its value chain to achieve these goals, reflecting a strong commitment to sustainability and climate action.

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202120222023
Scope 1
6,460,000
0,000,000
000,000
Scope 2
546,000
0,000,000
000,000
Scope 3
47,767,000
000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Northvolt's primary industry is Furniture; other manufactured goods n.e.c. (36), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Northvolt is in SE, which has a very low grid carbon intensity relative to other regions.

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.

Northvolt 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers