Elkem ASA

Common Name
Elkem
Country
Norway
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
7,200
Ticker
ELK
Exchange
OSLO BORS
Description
Elkem ASA is a leading provider of advanced material solutions, specializing as a multinational manufacturer of silicone-based products, silicon, alloys, and carbon materials. Its primary function is ...

Elkem's Climate Target Data Preview

As of 2023, Elkem has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Elkem ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2031
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Unspecified Product Produced/Manufactured
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a, b
2031
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Elkem’s Climate Targets 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 Elkem’s data sources below and access millions more through our Disclosure Search.

a. Elkem's Annual Report 2023
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b. Elkem's TCFD Report 2023
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Insights into Elkem's Greenhouse Gas Emissions Pathways

As of 2023, Elkem has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a b

Does Elkem have a target to reduce the emissions from its operations?

As of 2023, Elkem has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b

Elkem's most ambitious operational target is to reduce these emissions by 28% by 2031, compared to a baseline of 3,300,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a b

As of 2023, Elkem is on track to meet its operational emissions reduction target, having achieved 28.14% of the planned reduction. a b

Elkem's Operational (Scope 1+2) Emissions Pathway

2020202320310850 k1.7 M2.55 M3.4 MCurrent (-8%)Target 2031 (-28%)
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