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.
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.
Industry Benchmark
Northvolt's score of 37 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Northvolt's reported carbon emissions
In 2023, Northvolt reported total carbon emissions of approximately 343,965,000 kg CO2e. This figure includes Scope 1 emissions of about 735,000 kg CO2e, primarily from fugitive emissions, and Scope 2 emissions of approximately 9,060,000 kg CO2e. The majority of their emissions stem from Scope 3, which totalled around 342,250,000 kg CO2e, with significant contributions from purchased goods and services (about 282,780,000 kg CO2e) and upstream transportation and distribution (approximately 14,420,000 kg CO2e). In 2022, Northvolt's emissions were approximately 216,250,000 kg CO2e, with Scope 1 emissions at about 2,270,000 kg CO2e and Scope 2 emissions around 4,310,000 kg CO2e. The Scope 3 emissions for that year were approximately 212,800,000 kg CO2e, indicating a substantial reliance on upstream activities. For 2021, Northvolt's emissions were reported at about 64,600,000 kg CO2e for Scope 1, 546,000 kg CO2e for Scope 2, and a significant 47,767,000 kg CO2e for Scope 3. Despite these figures, Northvolt has not disclosed specific reduction targets or initiatives as part of their climate commitments. The company is actively engaged in the battery production industry, which is under increasing scrutiny for its environmental impact, particularly regarding carbon emissions. As such, Northvolt's ongoing efforts to address these emissions will be critical in aligning with global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| 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
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.
Northvolt is not committed to any 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.
