Nkt
NKT, also known as NKT Cables, is a leading provider of high-quality cable solutions, headquartered in Denmark (DK). Established in 1891, the company has evolved into a key player in the energy and telecommunications sectors, with a strong presence across Europe and beyond. NKT specialises in the design and manufacture of power cables, including high-voltage and medium-voltage solutions, which are renowned for their reliability and innovative technology. With a commitment to sustainability and efficiency, NKT has achieved significant milestones, including the development of advanced cable systems that support renewable energy projects. The company’s market position is bolstered by its extensive experience and a robust portfolio of products, making it a trusted partner for infrastructure projects worldwide. NKT continues to lead the industry with its cutting-edge solutions and dedication to quality.
DitchCarbon Score
How does Nkt'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 Electricity from Other Sources 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
Nkt's score of 55 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nkt's reported carbon emissions
In 2024, NKT Cables Group A/S reported total greenhouse gas emissions of approximately 4,501,492,000 kg CO2e. This includes Scope 1 emissions of about 18,610,000 kg CO2e, Scope 2 emissions of approximately 32,400 kg CO2e (market-based) and 50,659,000 kg CO2e (location-based), and significant Scope 3 emissions of around 4,477,543,000 kg CO2e. The latter category encompasses various sources, with the largest contributions from purchased goods and services (approximately 2,252,754,000 kg CO2e) and the use of sold products (about 1,718,496,000 kg CO2e). NKT has set ambitious climate commitments, aiming for net-zero emissions across its value chain by 2050. Near-term targets include a 90% reduction in absolute Scope 1 and 2 emissions by 2030, using a 2019 baseline. Additionally, the company plans to increase its sourcing of renewable electricity from 18% in 2019 to 100% by 2024 and maintain this level through 2030. For Scope 3 emissions, NKT aims for a 27.5% reduction by 2030 from the same baseline year. In 2021, NKT achieved a notable 34% reduction in Scope 1 and 2 emissions compared to 2020, demonstrating its commitment to sustainability. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect NKT's proactive approach to addressing climate change. The emissions data and targets are inherited from its parent company, NKT A/S, ensuring a cohesive strategy across the corporate family.
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| 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 19,413,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 51,236,000 | 00,000,000 | 000,000 | 00,000 | 000,000 |
| Scope 3 | 3,411,629,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 |
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.
Nkt is participating in some 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.
