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 GHG Emissions Data Preview

In 2024, Elkem completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Elkem has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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a
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Elkem’s Greenhouse Gas (GHG) Emissions 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 2024
a. Elkem's Annual Report 2024
b. Elkem's TCFD Report 2023
b. Elkem's TCFD Report 2023

Insights into Elkem's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Elkem amounted to 3,190,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Elkem increased by 4.93%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Elkem's Scope 1 Emissions Over Time

202020212022202320240650 k1.3 M1.95 M2.6 MtCO2e-2%+3%-9%-8%
  • Total Scope 1
  • Year-over-Year Change

What are Elkem's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Elkem were 2,030,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Elkem reduced its Scope 1 emissions over time?

Since 2020, Elkem's Scope 1 emissions have decreased by 15.06%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Elkem's Scope 1 emissions decreased by 8.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Elkem's Scope 2 emissions?

In 2024, Elkem reported Scope 2 greenhouse gas (GHG) emissions of 3,420,000 tCO₂e using the market-based method and 1,160,000 tCO₂e using the location-based method. a

Has Elkem reduced its Scope 2 emissions over time?

Since 2020, Elkem's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 27.47%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Elkem's Scope 2 emissions (Location-Based) rose by 39.76% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Elkem use for Scope 2 reporting?

In 2024, Elkem reported its Scope 2 emissions using the market-based method and using the location-based method. a

Elkem's Scope 2 Emissions Over Time

202020212022202320240900 k1.8 M2.7 M3.6 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Elkem's Value Chain Emissions

In 2024, Elkem reported 8,340,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Elkem includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Elkem's Scope 3 Emissions Over Time

2020202120222023202402.5 M5 M7.5 M10 MtCO2e+20%-12%-8%+22%
  • Total Scope 3
  • Year-over-Year Change

What are Elkem's Scope 3 emissions?

In 2024, Elkem reported total Scope 3 emissions of 8,340,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Elkem reduced its Scope 3 emissions over time?

Since 2020, Elkem's Scope 3 emissions have increased by 20%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Elkem's Scope 3 emissions increased by 22.47%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Elkem’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Elkem reported Scope 1 greenhouse gas (GHG) emissions of 2,030,000 tCO₂e and total revenues of USD 1,571 millions. This translates into an emissions intensity of 1,292.46 tCO₂e per millions USD. a

Elkem's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0002,000,00050,000,000Scope 1 Emissions (tCO2e)1002001,0002,0005,000Revenues (Millions of USD)HNKansai Nerolac PaintsYear: 2024Scope 1: 7,886 tCO2eRevenue: $M 932Scope 1 Intensity: 8.47 tCO2e/$MSao MartinhoYear: 2023Scope 1: 633,213 tCO2eRevenue: $M 1,301Scope 1 Intensity: 486.57 tCO2e/$MVictrexYear: 2024Scope 1: 18,085 tCO2eRevenue: $M 396Scope 1 Intensity: 45.62 tCO2e/$MHHHuabao International HoldingsYear: 2023Scope 1: 7,065 tCO2eRevenue: $M 509Scope 1 Intensity: 13.89 tCO2e/$MBerger Paints IndiaYear: 2025Scope 1: 22,232 tCO2eRevenue: $M 1,341Scope 1 Intensity: 16.58 tCO2e/$MAarti IndustriesYear: 2024Scope 1: 605,619 tCO2eRevenue: $M 743Scope 1 Intensity: 815.48 tCO2e/$MNNNOFYear: 2023Scope 1: 58,600 tCO2eRevenue: $M 1,634Scope 1 Intensity: 35.85 tCO2e/$MWD-40Year: 2023Scope 1: 418 tCO2eRevenue: $M 537Scope 1 Intensity: 0.78 tCO2e/$MSKCYear: 2024Scope 1: 457,430 tCO2eRevenue: $M 1,173Scope 1 Intensity: 389.89 tCO2e/$MNan Pao Resins ChemicalYear: 2022Scope 1: 10,229 tCO2eRevenue: $M 716Scope 1 Intensity: 14.29 tCO2e/$MShenzhen Capchem TechnologyYear: 2024Scope 1: 67,378 tCO2eRevenue: $M 1,075Scope 1 Intensity: 62.67 tCO2e/$MBloomage BiotechnologyYear: 2023Scope 1: 43,555 tCO2eRevenue: $M 855Scope 1 Intensity: 50.95 tCO2e/$MSensient TechnologiesYear: 2024Scope 1: 163,544 tCO2eRevenue: $M 1,557Scope 1 Intensity: 105.02 tCO2e/$MPCBL ChemicalYear: 2023Scope 1: 709,970 tCO2eRevenue: $M 701Scope 1 Intensity: 1,013.40 tCO2e/$MIngevityYear: 2021Scope 1: 252,925 tCO2eRevenue: $M 1,391Scope 1 Intensity: 181.76 tCO2e/$MTakasago InternationalYear: 2023Scope 1: 28,866 tCO2eRevenue: $M 1,402Scope 1 Intensity: 20.58 tCO2e/$MSK ChemicalsYear: 2023Scope 1: 45,286 tCO2eRevenue: $M 1,369Scope 1 Intensity: 33.09 tCO2e/$MOCIYear: 2023Scope 1: 12,669,281 tCO2eRevenue: $M 947Scope 1 Intensity: 13,382.57 tCO2e/$MHartalega HoldingsYear: 2025Scope 1: 505,119 tCO2eRevenue: $M 583Scope 1 Intensity: 866.89 tCO2e/$MBorregaardYear: 2023Scope 1: 132,772 tCO2eRevenue: $M 702Scope 1 Intensity: 189.04 tCO2e/$MStepanYear: 2023Scope 1: 184,050 tCO2eRevenue: $M 2,326Scope 1 Intensity: 79.14 tCO2e/$MTSRCYear: 2023Scope 1: 139,250 tCO2eRevenue: $M 1,024Scope 1 Intensity: 135.93 tCO2e/$MEternal MaterialsYear: 2023Scope 1: 81,591 tCO2eRevenue: $M 1,384Scope 1 Intensity: 58.96 tCO2e/$MPidilite IndustriesYear: 2025Scope 1: 8,690 tCO2eRevenue: $M 1,532Scope 1 Intensity: 5.67 tCO2e/$MSolar Industries IndiaYear: 2024Scope 1: 49,286 tCO2eRevenue: $M 709Scope 1 Intensity: 69.56 tCO2e/$MElkemYear: 2024Scope 1: 2,030,000 tCO2eRevenue: $M 1,571Scope 1 Intensity: 1,292.46 tCO2e/$M

How does Elkem's GHG emissions intensity compare to its peers?

In 2024, Elkem reported a Scope 1 emissions intensity of 1,292.46 tCO₂e per millions USD. Compared to the peer group median of 62.67 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Elkem rank on GHG emissions intensity within its industry?

In 2024, Elkem ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Elkem among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Elkem's Total Carbon Footprint

In 2024, Elkem reported a total carbon footprint of 11,530,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.06% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Elkem's total carbon footprint was Scope 3 emissions, accounting for 72.33% of the company's total carbon footprint, followed by Scope 1 emissions at 17.61%. a

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