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 77 is higher than 99% 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 25,887,000 kg CO2e, Scope 2 emissions (market-based) at approximately 324,000 kg CO2e, and a significant Scope 3 total of around 4,566,958,000 kg CO2e. This reflects a comprehensive approach to emissions reporting, covering all three scopes. NKT has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has committed to the Science Based Targets initiative, with specific near-term targets to reduce absolute Scope 1 and 2 emissions by 90% by 2030, using 2019 as the baseline year. Additionally, NKT plans to increase its sourcing of renewable electricity from 18% in 2019 to 100% by 2024 and maintain this level through 2030. In 2021, NKT achieved a notable 34% reduction in Scope 1 and 2 emissions compared to 2020, demonstrating its commitment to reducing its carbon footprint. Furthermore, the company 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. Overall, NKT's climate strategy reflects a robust commitment to sustainability and significant reductions in carbon emissions, aligning with global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 23,784,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 51,236,000 | 00,000,000 | - | 00,000 | 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 | 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.
