Elkem ASA
Elkem's Climate Target Data Preview
As of 2024, 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 Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Absolute-based Target | Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  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 | 0000000 | 2030 |
Verified Sources Behind Elkem’s Climate Targets Data
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Insights into Elkem's Greenhouse Gas Emissions Pathways
As of 2024, 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 2024, 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 2024, Elkem is on track to meet its operational emissions reduction target, having achieved 20.24% of the planned reduction.a
Elkem's Operational (Scope 1+2) Emissions Pathway
Does Elkem have a target to reduce its total carbon footprint?
As of 2024, 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 2024 levels exceeding those of the 2022 baseline, placing the company well behind its reduction target.a