Borregaard ASA is a Norwegian specialty chemicals company renowned for producing advanced, sustainable biochemicals and biomaterials derived from wood through one of the world’s most advanced biorefin... Borregaard ASA is a Norwegian specialty chemicals company renowned for producing advanced, sustainable biochemicals and biomaterials derived from wood through one of the world’s most advanced biorefineries in Sarpsborg. Established in 1889, it transitioned from traditional pulp and paper to high-value wood-based specialties, operating three key segments: BioSolutions, BioMaterials, and Fine Chemicals. BioSolutions leads globally in lignin-based biopolymers (35-40% market share) with over 600 products for agrochemicals, batteries, construction, and industrial binders, alongside being the top producer of plant-based biovanillin (59% market share). BioMaterials supplies specialty cellulose (10% global share) for cellulose ethers, acetates, and fibrils via patented Exilvia technology, serving textiles, plastics, and construction. Fine Chemicals, the most profitable segment, offers second-generation bioethanol and intermediates for pharmaceuticals and contrast agents. With production sites across Europe and North America, Borregaard serves over 3,000 customers in more than 100 countries, employing over 1,100 people. Its unique softwood sulphite pulping process, protected by high barriers, supports diversification across agriculture, food, pharma, and chemicals, aligning with sustainability megatrends replacing fossil-based products.
In 2024, Borregaard was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Borregaard has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Borregaard are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2023
2022
2021 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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3.13 CCM/CCA - Manufacture of chlorine
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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3.13 CCM/CCA - Manufacture of chlorine
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b
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3.16 CCM/CCA - Manufacture of nitric acid
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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Metric
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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3.13 CCM/CCA - Manufacture of chlorine
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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a
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Limited Data Preview
You are viewing a limited preview of Borregaard’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Borregaard’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Borregaard’s data sources below and access millions more through our Disclosure Search.
a. Borregaard's Annual Report 2024
b. Borregaard's EU Taxonomy Report 2023
c. Borregaard's EU Taxonomy Report 2022
Insights into Borregaard's Revenues from Sustainable Activities
In 2024, Borregaard reported EU Taxonomy-eligible revenues of NOK 2.63 billion, representing 34% of its total turnover. Of this amount, NOK 2.57 billion of Borregaard's revenues was classified as EU Taxonomy-aligned, indicating that 34% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Borregaard's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Borregaard's revenues become more sustainable over time?
Since 2022, Borregaard's taxonomy-aligned revenues increased by 423.08%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Borregaard's taxonomy-aligned revenues increased by 17.24%,highlighting Borregaard's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Borregaard's revenue is eligible under the EU Taxonomy?
In 2024, Borregaard reported that NOK 2.63 billion of its revenue was eligible under the EU Taxonomy, representing 34% of the company's total turnover. Of this amount, NOK 2.57 billion (34% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Borregaard's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Borregaard's eligible revenue is aligned with the EU Taxonomy?
In 2024, Borregaard reported that NOK 2.57 billion of its revenue was aligned under the EU Taxonomy, representing 34% of its total turnover.a
This moderate level of alignment indicates that Borregaard has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Borregaard's Eligibility & Alignment Overview
Borregaard's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Borregaard's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Borregaard reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 34%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Borregaard earn from selling climate-related solutions ?
In 2024, Borregaard reported that NOK 2.59 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 34% of the company's total revenue,indicating that Borregaardhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Borregaard's CAPEX from Sustainable Activities
In 2024, Borregaard reported EU Taxonomy-eligible CAPEX of NOK 323.00 million,representing 48% of its total CAPEX. Of this amount, NOK 308.00 million of Borregaard's CAPEX was classified as EU Taxonomy-aligned, indicating that 46% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Borregaard's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Borregaard's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Borregaard's taxonomy-aligned CAPEX decreased by 11.54%,suggesting that Borregaard may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Borregaard's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Borregaard reported that NOK 323.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 48% of the company's total CAPEX. Of this amount, NOK 308.00 million (46% of total CAPEX) was classified as Taxonomy-aligned. This means that 2% of Borregaard's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Borregaard's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Borregaard reported that NOK 308.00 million of its CAPEX was aligned under the EU Taxonomy, representing 46% of its total capital investment.a
This moderate level of alignment indicates that Borregaard is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Borregaard's Eligibility & Alignment Overview
Borregaard's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Borregaard's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Borregaard reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 46%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Borregaard is investing in climate-related solutions?
In 2024, Borregaard allocated NOK 307.28 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 46% of the company's total capital expenditure,indicating that Borregaardis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Borregaard's OPEX from Sustainable Activities
In 2024, Borregaard reported EU Taxonomy-eligible OPEX of NOK 290.00 million,representing 47% of its total operating expenses (OPEX). Of this amount, NOK 278.00 million of Borregaard's OPEX was classified as EU Taxonomy-aligned, indicating that 45% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Borregaard's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Borregaard's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Borregaard's taxonomy-aligned OPEX increased by 12.5%,highlighting Borregaard's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Borregaard's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Borregaard reported that NOK 290.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 47% of the company's total OPEX. Of this amount, NOK 278.00 million (45% of total OPEX) was classified as Taxonomy-aligned. This means that 2% of Borregaard's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Borregaard's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Borregaard reported that NOK 278.00 million of its OPEX was aligned under the EU Taxonomy, representing 45% of its total operational expenditure.a
This moderate level of alignment indicates that Borregaard is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Borregaard's Eligibility & Alignment Overview
Borregaard's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Borregaard's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Borregaard reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 45%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Borregaard's operational budget supports climate-related solutions?
In 2024, Borregaard allocated NOK 278.10 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 45% of the company's total OPEX,indicating that Borregaardis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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