Nkt Sustainability Profile
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 77 is higher than 89% 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 carbon emissions of approximately 4,501,492,000 kg CO2e, with Scope 1 emissions at about 18,610,000 kg CO2e, Scope 2 emissions (market-based) at approximately 324,000 kg CO2e, and a significant Scope 3 contribution of about 4,477,543,000 kg CO2e. This represents a notable increase in total emissions compared to 2023, where total emissions were approximately 8,123,000,000 kg CO2e, with Scope 1 at about 14,270,000 kg CO2e, Scope 2 at approximately 22,400 kg CO2e, and Scope 3 at around 8,123,000,000 kg CO2e. NKT has set ambitious climate commitments, including a target to achieve net-zero greenhouse gas emissions across its value chain by 2050. Near-term goals include a 90% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2019 baseline, alongside a commitment to source 100% renewable electricity by 2024. Additionally, NKT aims to reduce absolute Scope 3 emissions from purchased goods and services and the use of sold products by 27.5% by 2030, also from a 2019 baseline. In 2021, NKT achieved a 34% reduction in Scope 1 and 2 emissions compared to 2020, demonstrating progress towards its targets. The company’s commitments are aligned with the Science Based Targets initiative (SBTi), ensuring that its reduction strategies are consistent with the global goal of limiting temperature rise to 1.5°C. NKT's emissions data is sourced directly from NKT A/S, with no cascaded data from parent or related organizations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,799,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 48,424,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 9,012,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Nkt's Industry?
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Nkt's Scope 3 Categories Breakdown
Nkt's Scope 3 emissions, which decreased by 45% last year and decreased by approximately 50% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 50% of Scope 3 emissions.
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Nkt's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Nkt has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Nkt's sustainability data and climate commitments