In 2024, NOK disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
NOK disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 5,191,000a | 5,014,000a | 4,958,000a | |
Non-Renewable Energy Consumption | 4,433,114a | 4,402,292a | 4,769,596a | |
Renewable Energy Consumption | 757,886a | 611,708a | 188,404a |
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In 2024, NOK consumed a total of 5.19 million Gigajoules of energy across its operations. Of this total, 14.6% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 85.4% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, NOK consumed a total of 5.19 million Gigajoules of energy, of which 14.6% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that NOK has considerable room to improve its energy sustainability strategy.
Since 2020, NOK's total energy consumption increased by 10.24%, including a 3.53% increase in 2024, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy in NOK's consumption increased by 7,200%, including a 19.67% increase in 2024, showing consistent progress in clean energy adoption.a
Overall, NOK has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energy—mitigating the environmental impact of its growing consumption.