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 at approximately 32,400 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 4,477,543,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, covering all three scopes. 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, using a 2019 baseline. Additionally, the company aims 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 has committed to a 27.5% reduction by 2030 from the same baseline. Notably, NKT achieved a 34% reduction in Scope 1 and 2 emissions in 2021 compared to 2020, demonstrating progress towards its near-term targets. The company’s commitments are aligned with the Science Based Targets initiative (SBTi), ensuring that its goals are consistent with the global effort to limit warming to 1.5°C. Overall, NKT's emissions data and climate commitments reflect a proactive stance in addressing climate change, with a clear roadmap for significant reductions in the coming years.
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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 | 48,177,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 9,012,000 | 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 increased significantly 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