NKT A/S is a leading manufacturer of power cables and accessories based in Copenhagen, Denmark. As a specialist in cable solutions for energy infrastructure, NKT A/S focuses on high-voltage and extra-... NKT A/S is a leading manufacturer of power cables and accessories based in Copenhagen, Denmark. As a specialist in cable solutions for energy infrastructure, NKT A/S focuses on high-voltage and extra-high-voltage direct current (HVDC) cables critical for connecting offshore wind farms to electricity grids, as well as providing cable technologies that support grid modernization and large-scale renewable energy integration. The company's activities span the development, production, and installation of cables ranging from low- to high-voltage, serving applications in residential, commercial, and industrial settings. Its four main business lines include comprehensive cable solutions for energy transmission, building wires, cable accessories such as joints and terminations, and service offerings for installation and maintenance. With significant investments in technology and capacity—bolstered by strategic acquisitions—NKT A/S plays a crucial role in supporting Europe's transition to sustainable energy and the ongoing upgrade of utility grids.
In 2024, Nkt 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.
Nkt has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Nkt are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.1 CCM/CCA - Manufacture of renewable energy technologies
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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4.9 CCM/CCA - Transmission and distribution of electricity
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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3.1 CCM/CCA - Manufacture of renewable energy technologies
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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4.9 CCM/CCA - Transmission and distribution of electricity
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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3.1 CCM/CCA - Manufacture of renewable energy technologies
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3.20 CCM - Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation
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4.9 CCM/CCA - Transmission and distribution of electricity
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Limited Data Preview
You are viewing a limited preview of Nkt’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Nkt’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 Nkt’s data sources below and access millions more through our Disclosure Search.
a. Nkt's Annual Report 2024
b. Nkt's Sustainability Report 2023
c. Nkt's Sustainability Report 2022
Insights into Nkt's Revenues from Sustainable Activities
In 2024, Nkt reported EU Taxonomy-eligible revenues of EUR 2.51 billion, representing 77% of its total turnover. Of this amount, EUR 1.60 billion of Nkt's revenues was classified as EU Taxonomy-aligned, indicating that 49% 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
Nkt's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Nkt's revenues become more sustainable over time?
Since 2022, Nkt's taxonomy-aligned revenues increased by 67.24%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Nkt's taxonomy-aligned revenues increased by 39.2%,highlighting Nkt's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Nkt's revenue is eligible under the EU Taxonomy?
In 2024, Nkt reported that EUR 2.51 billion of its revenue was eligible under the EU Taxonomy, representing 77% of the company's total turnover. Of this amount, EUR 1.60 billion (49% of total revenue) was classified as Taxonomy-aligned. This means that 28% of Nkt'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 Nkt's eligible revenue is aligned with the EU Taxonomy?
In 2024, Nkt reported that EUR 1.60 billion of its revenue was aligned under the EU Taxonomy, representing 49% of its total turnover.a
This moderate level of alignment indicates that Nkt has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Nkt's Eligibility & Alignment Overview
Nkt's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Nkt's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Nkt reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 49%
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 Nkt earn from selling climate-related solutions ?
In 2024, Nkt reported that EUR 1.59 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 49% of the company's total revenue,indicating that Nkthas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Nkt's CAPEX from Sustainable Activities
In 2024, Nkt reported EU Taxonomy-eligible CAPEX of EUR 439.00 million,representing 72% of its total CAPEX. Of this amount, EUR 341.00 million of Nkt's CAPEX was classified as EU Taxonomy-aligned, indicating that 56% 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
Nkt's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Nkt's increased its investment in sustainable activities over time?
Since 2022, Nkt's taxonomy-aligned capital expenditure (CAPEX)remained relatively stable, suggesting that Nkt has neither expanded nor reduced its sustainability-focused capital investments in recent years.a, c
Compared to the previous year (2023), Nkt's taxonomy-aligned CAPEX increased by 8.74%,highlighting Nkt'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 Nkt's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Nkt reported that EUR 439.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 72% of the company's total CAPEX. Of this amount, EUR 341.00 million (56% of total CAPEX) was classified as Taxonomy-aligned. This means that 16% of Nkt'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 Nkt's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Nkt reported that EUR 341.00 million of its CAPEX was aligned under the EU Taxonomy, representing 56% of its total capital investment.a
This strong alignment suggests that Nkt is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Nkt's Eligibility & Alignment Overview
Nkt's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Nkt's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Nkt reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 56%
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 Nkt is investing in climate-related solutions?
In 2024, Nkt allocated EUR 342.16 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 56% of the company's total capital expenditure,indicating that Nktis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Nkt's OPEX from Sustainable Activities
In 2024, Nkt reported EU Taxonomy-eligible OPEX of EUR 33.00 million,representing 63% of its total operating expenses (OPEX). Of this amount, EUR 23.00 million of Nkt's OPEX was classified as EU Taxonomy-aligned, indicating that 44% 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
Nkt's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Nkt's increased its spending in sustainable activities over time?
Since 2022, Nkt's taxonomy-aligned operating expenditure (OPEX)increased by 30.95%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Nkt's taxonomy-aligned OPEX increased by 78.86%,highlighting Nkt's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Nkt's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Nkt reported that EUR 33.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 63% of the company's total OPEX. Of this amount, EUR 23.00 million (44% of total OPEX) was classified as Taxonomy-aligned. This means that 19% of Nkt'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 Nkt's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Nkt reported that EUR 23.00 million of its OPEX was aligned under the EU Taxonomy, representing 44% of its total operational expenditure.a
This moderate level of alignment indicates that Nkt is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Nkt's Eligibility & Alignment Overview
Nkt's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Nkt's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Nkt reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 44%
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 of Nkt's operational budget supports climate-related solutions?
In 2024, Nkt allocated EUR 22.88 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 44% of the company's total OPEX,indicating that Nktis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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