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Elkem ASA

Common Name
Elkem
Country
Norway
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
7,300
Ticker
ELK
Exchange
Oslo Børs
Description
Elkem ASA is a Norway-based global leader in the environmentally responsible production of advanced silicon-based materials, founded in 1904 and headquartered in Oslo. The company specializes in devel...

Elkem's Climate Target Data Preview

As of 2025, Elkem has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets and 1 intensity-based 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)
-25%a
2030
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-25%a
2030
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
-24%a
2030
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Unspecified Product Produced/Manufactured
-32%a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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a. Elkem's Integrated Report 2025

Insights into Elkem's Greenhouse Gas Emissions Pathways

As of 2025, 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

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

As of 2025, Elkem has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Elkem's most ambitious operational target is to reduce these emissions by 25% by 2030, compared to a baseline of 3,360,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.a

As of 2025, Elkem is on track to meet its operational emissions reduction target, having achieved 41.68% of the planned reduction.a

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

2022202520300850 k1.7 M2.55 M3.4 MCurrent (-10%)Target 2030 (-25%)

Does Elkem have a target to reduce its total carbon footprint?

As of 2025, Elkem has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a

Elkem's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 0.007 Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Unspecified Product Produced/Manufactured in 2022, by 32% by 2030.a

Instead of reducing total carbon footprint, Elkem has increased them, with 2025 levels exceeding those of the 2022 baseline, placing the company well behind its reduction target.a

Elkem's Carbon Footprint (Scope 1+2+3) Emissions Pathway

202220252030000.010.010.01BaselineCurrent (+30%)Target 2030 (-32%)
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