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 40 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 Scope 1 emissions of about 735,000 kg CO2e, Scope 2 emissions of approximately 980,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 342,250,000 kg CO2e. The Scope 3 emissions are primarily driven by purchased goods and services, accounting for about 282,780,000 kg CO2e. Comparatively, in 2022, Northvolt's total emissions were approximately 216,250,000 kg CO2e, with Scope 1 emissions at about 2,270,000 kg CO2e, Scope 2 emissions of around 1,180,000 kg CO2e (market-based), and Scope 3 emissions reaching approximately 212,800,000 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023. Northvolt has set ambitious climate commitments through its Carbon Roadmap 2030, aiming to reduce its cell production carbon footprint from 33 kg CO2e/kWh to 10 kg CO2e/kWh by 2030. This represents a targeted reduction of about 70% across its value chain, with ongoing efforts to fulfil these goals noted in their 2023 sustainability report. The company is actively working on initiatives to achieve these reductions in both Scope 1 and Scope 2 emissions.
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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 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.
