Northvolt Sustainability Profile
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.
DitchCarbon Score
How does Northvolt'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 Furniture Manufacturing 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
Northvolt's score of 40 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Northvolt's reported carbon emissions
In 2023, Northvolt, headquartered in Sweden (SE), reported total carbon emissions of approximately 343,965,000 kg CO2e. This figure includes Scope 1 emissions of about 735,000 kg CO2e, primarily from mobile combustion (about 610,000 kg CO2e) and fugitive emissions (about 124,000 kg CO2e). Scope 2 emissions totalled approximately 980,000 kg CO2e, all from purchased heat. The majority of emissions stem from Scope 3, which accounted for about 342,250,000 kg CO2e, with significant contributions from purchased goods and services (approximately 282,780,000 kg CO2e) and capital goods (about 29,250,000 kg CO2e). In 2022, Northvolt's total emissions were approximately 216,250,000 kg CO2e, with Scope 1 emissions at about 2,270,000 kg CO2e and Scope 2 emissions at approximately 1,180,000 kg CO2e. Scope 3 emissions for that year were around 212,800,000 kg CO2e, again highlighting the substantial impact of purchased goods and services. 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 reduction of about 70% and is intended to be achieved through coordinated actions across the value chain. The company has made progress towards this target, with a reported reduction of approximately 69% in 2023 compared to the baseline established in 2022. Overall, Northvolt's emissions data and climate commitments reflect a proactive approach to reducing its carbon footprint and addressing climate change within the battery manufacturing industry.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 92,000 | 0,000,000 | 000,000 |
| Scope 2 | 74,000 | 0,000,000 | 000,000 |
| Scope 3 | 68,565,000 | 000,000,000 | 000,000,000 |
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Northvolt's Scope 3 Categories Breakdown
Northvolt's Scope 3 emissions, which increased by 61% last year and increased by approximately 399% since 2021, 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 83% of Scope 3 emissions.
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Northvolt'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.
Northvolt has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
