National Grid PLC

Common Name

National Grid

Country

United Kingdom

Sector

Utilities

Industry

Utilities - Regulated Electric

Employees

31,654

Ticker

NG.

Exchange

LONDON STOCK EXCHANGE

Website

www.nationalgrid.com

Description

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Gri... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

National Grid's EU Taxonomy Data Preview

In 2025, National Grid 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.

National Grid has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of National Grid are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Turnover (2 activities)
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.9 CCM/CCA - Transmission and distribution of electricity 4.9 CCM/CCA - Transmission and distribution of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Opex (5 activities)
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology, 4.3 CCM/CCA - Electricity generation from wind power 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology, 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.9 CCM/CCA - Transmission and distribution of electricity 4.9 CCM/CCA - Transmission and distribution of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Other Activities Other Activities	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Capex (4 activities)
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology, 4.3 CCM/CCA - Electricity generation from wind power 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology, 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases 4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.9 CCM/CCA - Transmission and distribution of electricity 4.9 CCM/CCA - Transmission and distribution of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Other Activities Other Activities	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Verified Sources Behind National Grid’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 National Grid’s data sources below and access millions more through our Disclosure Search.

a. National Grid's Webpage captured from company’s website 2025

b. National Grid's ESG Data Spreadsheet 2024

c. National Grid's Financial & Extra-Financial Data Spreadsheet 2023

d. National Grid's ESG Data Spreadsheet 2022

Insights into National Grid's Revenues from Sustainable Activities

In 2025, National Grid reported EU Taxonomy-eligible revenues of GBP 12.49 billion, representing 68% of its total turnover. Of this amount, GBP 11.48 billion of National Grid's revenues was classified as EU Taxonomy-aligned, indicating that 63% 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

National Grid's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

Have National Grid's revenues become more sustainable over time?

Since 2022, National Grid's taxonomy-aligned revenues decreased by 5.97%, indicating a long-term decline in environmentally sustainable revenue performance.^{a, d}

Compared to the previous year (2024), National Grid's taxonomy-aligned revenues decreased by 10%, suggesting that National Grid may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.^{a, b}

How much of National Grid's revenue is eligible under the EU Taxonomy?

In 2025, National Grid reported that GBP 12.49 billion of its revenue was eligible under the EU Taxonomy, representing 68% of the company's total turnover. Of this amount, GBP 11.48 billion (63% of total revenue) was classified as Taxonomy-aligned. This means that 5.5% of National Grid'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 National Grid's eligible revenue is aligned with the EU Taxonomy?

In 2025, National Grid reported that GBP 11.48 billion of its revenue was aligned under the EU Taxonomy, representing 63% of its total turnover.^a

This strong alignment suggests that National Grid has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.

National Grid's Eligibility & Alignment Overview

National Grid's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

How is National Grid's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2025, National Grid reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 63%
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 National Grid earn from selling climate-related solutions ?

In 2025, National Grid reported that GBP 11.50 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 63% of the company's total revenue,indicating that National Gridprimarily focuseson solutions that support climate action through its commercial activities.^a

Insights into National Grid's CAPEX from Sustainable Activities

In 2025, National Grid reported EU Taxonomy-eligible CAPEX of GBP 8.06 billion,representing 85% of its total CAPEX. Of this amount, GBP 7.67 billion of National Grid's CAPEX was classified as EU Taxonomy-aligned, indicating that 81% 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

National Grid's Taxonomy-Eligible Capex Over Time

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

Have National Grid's increased its investment in sustainable activities over time?

Since 2022, National Grid's taxonomy-aligned capital expenditure (CAPEX)decreased by 8.99%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.^{a, d}

Compared to the previous year (2024), National Grid's taxonomy-aligned CAPEX increased by 3.85%,highlighting National Grid's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.^{a, b}

How much of National Grid's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2025, National Grid reported that GBP 8.06 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 85% of the company's total CAPEX. Of this amount, GBP 7.67 billion (81% of total CAPEX) was classified as Taxonomy-aligned. This means that 4% of National Grid'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 National Grid's eligible CAPEX is aligned with the EU Taxonomy?

In 2025, National Grid reported that GBP 7.67 billion of its CAPEX was aligned under the EU Taxonomy, representing 81% of its total capital investment.^a

This strong alignment suggests that National Grid is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.

National Grid's Eligibility & Alignment Overview

National Grid's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

How is National Grid's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2025, National Grid reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 69%
Climate Change Adaptation: 12%
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 National Grid is investing in climate-related solutions?

In 2025, National Grid allocated GBP 7.65 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 81% of the company's total capital expenditure,indicating that National Gridis prioritizing climate-focused investments as a central part of its overall capital strategy.^a

Insights into National Grid's OPEX from Sustainable Activities

In 2025, National Grid reported EU Taxonomy-eligible OPEX of GBP 4.08 billion,representing 76% of its total operating expenses (OPEX). Of this amount, GBP 3.68 billion of National Grid's OPEX was classified as EU Taxonomy-aligned, indicating that 69% 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

National Grid's Taxonomy-Eligible Opex Over Time

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

Have National Grid's increased its spending in sustainable activities over time?

Since 2022, National Grid's taxonomy-aligned operating expenditure (OPEX)decreased by 17.86%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.^{a, d}

Compared to the previous year (2024), National Grid's taxonomy-aligned OPEX decreased by 13.75%, suggesting that National Grid may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.^{a, b}

How much of National Grid's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2025, National Grid reported that GBP 4.08 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 76% of the company's total OPEX. Of this amount, GBP 3.68 billion (69% of total OPEX) was classified as Taxonomy-aligned. This means that 7.5% of National Grid'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 National Grid's eligible OPEX is aligned with the EU Taxonomy?

In 2025, National Grid reported that GBP 3.68 billion of its OPEX was aligned under the EU Taxonomy, representing 69% of its total operational expenditure.^a

This strong alignment suggests that National Grid is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.

National Grid's Eligibility & Alignment Overview

National Grid's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

How is National Grid's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2025, National Grid reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 69%
Climate Change Adaptation: 0.03%
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 National Grid's operational budget supports climate-related solutions?

In 2025, National Grid allocated GBP 3.69 billion of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 69.03% of the company's total OPEX,indicating that National Gridis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.^a

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National Grid PLC

National Grid's EU Taxonomy Data Preview

Verified Sources Behind National Grid’s EU Taxonomy Data

Insights into National Grid's Revenues from Sustainable Activities

National Grid's Taxonomy-Eligible Turnover Over Time

Have National Grid's revenues become more sustainable over time?

How much of National Grid's revenue is eligible under the EU Taxonomy?

How much of National Grid's eligible revenue is aligned with the EU Taxonomy?

National Grid's Eligibility & Alignment Overview

National Grid's Contribution to Environmental Objectives

How is National Grid's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does National Grid earn from selling climate-related solutions ?

Insights into National Grid's CAPEX from Sustainable Activities

National Grid's Taxonomy-Eligible Capex Over Time

Have National Grid's increased its investment in sustainable activities over time?

How much of National Grid's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of National Grid's eligible CAPEX is aligned with the EU Taxonomy?

National Grid's Eligibility & Alignment Overview

National Grid's Contribution to Environmental Objectives

How is National Grid's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much National Grid is investing in climate-related solutions?

Insights into National Grid's OPEX from Sustainable Activities

National Grid's Taxonomy-Eligible Opex Over Time

Have National Grid's increased its spending in sustainable activities over time?

How much of National Grid's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of National Grid's eligible OPEX is aligned with the EU Taxonomy?

National Grid's Eligibility & Alignment Overview

National Grid's Contribution to Environmental Objectives

How is National Grid's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of National Grid's operational budget supports climate-related solutions?

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