Northvolt, officially known as Northvolt AB, is a Swedish company headquartered in Stockholm, Sweden. Established in 2016, it has rapidly become a prominent player in the manufacturing sector, specialising in the production of sustainable batteries and advanced materials. While its core focus is on battery manufacturing for electric vehicles and energy storage solutions, Northvolt also operates within the broader industry of manufactured goods, including specialised components for various sectors.
The company’s key milestones include the development of Europe’s largest lithium-ion battery factory, underscoring its commitment to sustainable innovation and clean energy. Northvolt’s unique approach combines cutting-edge technology with environmentally conscious practices, positioning it as a leader in the transition to renewable energy. Its market reputation is built on delivering high-quality, eco-friendly products that support the global shift towards electrification and sustainable development.
-1 vs industry average
Northvolt’s score of 26 is lower than 48% 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
Furniture Manufacturing has typical carbon intensity
Industry performance
The Furniture Manufacturing industry has reduced its overall emissions by 31% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Northvolt's reported carbon emissions
Northvolt reported approximately 343,965,000 kg CO2e in total emissions for 2023. This comprised approximately 734,000 kg CO2e for Scope 1 emissions and approximately 9,800,000 kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions were the largest contributor, totalling approximately 342,250,000 kg CO2e, with purchased goods and services accounting for the significant majority.
In 2022, Northvolt's total emissions were approximately 216,250,000 kg CO2e, with Scope 1 emissions at approximately 2,270,000 kg CO2e and Scope 2 emissions (market-based) at approximately 1,180,000 kg CO2e. Scope 3 emissions for 2022 were approximately 212,800,000 kg CO2e.
Northvolt's climate commitments include their Carbon Roadmap 2030, introduced in 2022. This initiative aims to reduce the company's cell production carbon footprint from approximately 33 kg CO2e/kWh to 10 kg CO2e/kWh by 2030. This represents a target reduction of approximately 70%. They are continuing to work towards these ambitions throughout their value 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.
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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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