Northvolt

Northvolt, headquartered in Sweden, reported total carbon emissions of approximately 344 million kg CO2e in 2023. This includes about 734,000 kg CO2e from Scope 1 emissions, approximately 980,000 kg CO2e from Scope 2 market-based emissions, and around 342.25 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions include purchased goods and services (approximately 282.78 million kg CO2e), capital goods (around 29.25 million kg CO2e), and upstream transportation and distribution (approximately 14.42 million kg CO2e).

In 2022, Northvolt's total emissions were approximately 216.25 million kg CO2e, comprising about 2.27 million kg CO2e from Scope 1 and around 1.18 million kg CO2e from Scope 2 market-based emissions. Scope 3 emissions for 2022 were approximately 212.8 million kg CO2e. In 2021, the company reported Scope 1 emissions of approximately 58,000 kg CO2e and Scope 2 market-based emissions of about 546,000 kg CO2e. Key Scope 3 categories in 2021 included purchased goods and services (approximately 34.58 million kg CO2e), capital goods (around 24.76 million kg CO2e), and upstream transportation and distribution (approximately 7.59 million kg CO2e).

Northvolt has a significant climate commitment through its "Carbon Roadmap 2030" initiative, introduced in 2022 and continued through 2023. This data-driven approach aims to reduce the carbon footprint of its cell production from 33 kg CO2e/kWh to 10 kg CO2e/kWh by 2030, representing an approximate 69-70% reduction across its value chain. This target specifically addresses both Scope 1 and Scope 2 emissions on an intensity basis.