Northvolt, officially known as Northvolt AB, is a pioneering battery manufacturer headquartered in Sweden (SE). Founded in 2016, the company has rapidly established itself as a key player in the European battery industry, focusing on sustainable energy solutions. With major operations in Sweden and Germany, Northvolt aims to revolutionise the production of lithium-ion batteries for electric vehicles and energy storage systems.
The company’s core products include high-performance battery cells and systems, distinguished by their commitment to sustainability and low environmental impact. Northvolt's unique approach integrates recycling and renewable energy into its manufacturing processes, setting it apart in a competitive market. Notable achievements include securing significant partnerships with leading automotive manufacturers and raising substantial funding to expand its production capacity, positioning Northvolt as a leader in the transition to a greener economy.
0 vs industry average
Northvolt’s score of 26 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
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Industry performance
The Furniture Manufacturing industry has reduced its overall emissions by 35% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Northvolt's reported carbon emissions
In 2023, Northvolt, headquartered in Sweden (SE), reported total carbon emissions of approximately 343.965 million kg CO2e. This figure includes Scope 1 emissions of about 734,000 kg CO2e, Scope 2 emissions of approximately 9.8 million kg CO2e, and significant Scope 3 emissions totalling around 342.25 million kg CO2e. The Scope 3 emissions are primarily driven by purchased goods and services, which account for about 282.78 million kg CO2e. Northvolt has set ambitious climate commitments through its Carbon Roadmap 2030, aiming to reduce its cell production carbon footprint from 33 kg CO2e/kWh to 10 kg CO2e/kWh by 2030. This represents a targeted reduction of approximately 70%. The company is actively working on these initiatives, with progress reported in 2023 indicating a commitment to achieving a 69% reduction by the target year. Overall, Northvolt's emissions data reflects a comprehensive approach to sustainability, with a focus on reducing carbon intensity across its operations and supply chain.
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Northvolt’s Climate Goals (2030 & 2050)
2 goals2030
69% reduction in Scope 2
Through 2023, we continued working to fulfill ambitions set out in our Carbon Roadmap, as introduced in 2022. This data-driven approach inte…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Northvolt
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