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Furniture Manufacturing
SE
updated 2 months ago

Northvolt

Company website

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 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.

63%

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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 Scope 3 contribution of around 342,250,000 kg CO2e. The Scope 3 emissions are primarily driven by purchased goods and services, which account 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 totalling 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 progress reported in both Scope 1 and Scope 2 emissions. The company is actively working towards these goals, with a reported reduction of approximately 69% in its carbon footprint ambitions as of 2023. Overall, Northvolt's emissions data reflects its ongoing efforts to address climate change while striving for significant reductions in its operational carbon footprint.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

202120222023
Scope 1
92,000
0,000,000
000,000
Scope 2
1,323,000
0,000,000
000,000
Scope 3
68,565,000
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

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