Nkt

Nkt's reported carbon emissions

NKT, headquartered in Denmark, has reported significant greenhouse gas emissions and has established ambitious climate commitments. For the reporting year 2025, NKT's total emissions were approximately 24.1 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Breaking down the 2025 emissions, Scope 1 emissions accounted for approximately 24.6 million kg CO2e, Scope 2 (market-based) were approximately 442,000 kg CO2e, and Scope 3 emissions were approximately 24.1 billion kg CO2e. The majority of Scope 3 emissions in 2025 were attributed to the 'use of sold products', totalling approximately 21.5 billion kg CO2e, followed by 'purchased goods and services' at approximately 1.9 billion kg CO2e. In 2024, NKT reported total emissions of approximately 20.8 billion kg CO2e. Scope 1 emissions were approximately 23.6 million kg CO2e, Scope 2 (market-based) were approximately 324,000 kg CO2e, and Scope 3 emissions totalled approximately 20.8 billion kg CO2e. NKT has made strong commitments to emissions reduction. The company aims to reduce its absolute corporate CO2e emissions by 90% by 2030, using 2019 as the baseline year. This commitment extends to Scope 1 and 2 emissions. Furthermore, NKT has committed to becoming a net-zero company by 2050, aligning with Science Based Targets initiative (SBTi) goals. Specific to Scope 3, NKT aims to reduce absolute emissions from purchased goods and services and the use of sold products by 27.5% by 2030, also from a 2019 baseline. NKT's reporting indicates a 34% reduction in Scope 1 and 2 emissions in 2021 compared to 2020. The company also has a target to increase its active annual sourcing of renewable electricity from 18% in 2019 to 100% by 2024, and to maintain this 100% renewable electricity sourcing through 2030. These targets are consistent with the 1.5°C warming scenario.