Nel ASA

Common Name
Nel
Country
Norway
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
622
Ticker
NEL
Exchange
OSLO BORS
Description
Nel ASA is a company specializing in renewable energy, with a focus on hydrogen production, storage, and distribution. As a leading player in the hydrogen sector, Nel ASA aims to facilitate the transi...

Nel EU Taxonomy Data Preview

In 2024, Nel 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.

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

Metric (tonnes)2024202320222021 - 2017
Total Taxonomy Aligned A1 Turnover
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0000000
Total Taxonomy Eligible A Turnover
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a
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b
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c
0000000
Total Taxonomy Non-Eligible B Turnover
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a
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b
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c
0000000
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Metric (tonnes)2024202320222021 - 2017
Total Taxonomy Aligned A1 Opex
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0000000
Total Taxonomy Eligible A Opex
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a
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b
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c
0000000
Total Taxonomy Non-Eligible B Opex
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a
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b
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c
0000000
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Metric (tonnes)2024202320222021 - 2017
Total Taxonomy Aligned A1 Capex
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0000000
Total Taxonomy Eligible A Capex
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a
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b
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c
0000000
Total Taxonomy Non-Eligible B Capex
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a
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b
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c
0000000
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Verified Sources Behind Nel’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 Nel’s data sources below and access millions more through our Disclosure Search.

a. Nel's Annual Report 2024
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b. Nel's Annual Report 2023
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c. Nel's Annual Report 2022
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Insights into Nel's Revenues from Sustainable Activities

In 2024, Nel reported EU Taxonomy-eligible revenues of NOK 1.26 billion, representing 90.4% of its total turnover. Of this amount, NOK 0 of Nel's revenues was classified as EU Taxonomy-aligned, indicating that 0% 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

Insights into Nel's CAPEX from Sustainable Activities

In 2024, Nel reported EU Taxonomy-eligible CAPEX of NOK 645.44 million, representing 96% of its total CAPEX. Of this amount, NOK 0 of Nel's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% 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

Insights into Nel's OPEX from Sustainable Activities

In 2024, Nel reported EU Taxonomy-eligible OPEX of NOK 262.06 million, representing 58% of its total operating expenses (OPEX). Of this amount, NOK 0 of Nel's OPEX was classified as EU Taxonomy-aligned, indicating that 0% 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

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