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 91% 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 292,500 kg CO2e for Scope 1, 980,000 kg CO2e for Scope 2 (market-based), and a significant 282,780,000 kg CO2e for Scope 3 emissions. This represents a notable reduction in Scope 1 emissions from about 2,270,000 kg CO2e in 2022, and a decrease in Scope 2 emissions from approximately 1,180,000 kg CO2e. However, Scope 3 emissions increased from about 212,800,000 kg CO2e in 2022. In 2021, Northvolt's emissions were significantly higher, with Scope 1 at approximately 6,460,000 kg CO2e, Scope 2 at about 546,000 kg CO2e (market-based), and Scope 3 at around 47,767,000 kg CO2e. The company has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. Northvolt's commitment to sustainability is evident in its focus on reducing the carbon footprint of battery cell production, with reported emissions of about 33 kg CO2e per kWh for lithium-ion NMC battery cells. The company continues to work towards improving its environmental impact, although specific reduction targets have not been established.
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Add to project| 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.
