Norsk Hydro ASA

Common Name
Norsk Hydro
Country
Norway
Sector
Basic Materials
Industry
Aluminum
Employees
32,014
Ticker
NHY
Exchange
OSLO BORS
Description
Norsk Hydro ASA is a prominent industrial company focused primarily on the production of aluminum and renewable energy solutions. Headquartered in Oslo, Norway, Norsk Hydro plays a critical role in th...

Norsk Hydro's GHG Emissions Data Preview

In 2023, Norsk Hydro 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).

Norsk Hydro has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Norsk Hydro’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 Norsk Hydro’s data sources below and access millions more through our Disclosure Search.

a. Norsk Hydro's Annual Report 2023
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b. Norsk Hydro's Annual Report 2022
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Insights into Norsk Hydro's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Norsk Hydro amounted to 7,950,000 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 2022, the total operational greenhouse gas (GHG) emissions of Norsk Hydro decreased by 5.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Norsk Hydro's Scope 1 Emissions Over Time

20182019202020212022202302 M4 M6 M8 MtCO2e+8%+6%+10%-6%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Norsk Hydro's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Norsk Hydro were 6,790,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Norsk Hydro reduced its Scope 1 emissions over time?

Since 2018, Norsk Hydro's Scope 1 emissions have increased by 12.23%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Norsk Hydro's Scope 1 emissions decreased by 5.03%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Norsk Hydro's Scope 2 emissions?

In 2023, Norsk Hydro reported Scope 2 greenhouse gas (GHG) emissions of 1,160,000 tCO₂e using the location-based method. a

Has Norsk Hydro reduced its Scope 2 emissions over time?

Since 2018, Norsk Hydro's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 21.09%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Norsk Hydro's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Norsk Hydro 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Norsk Hydro use for Scope 2 reporting?

In 2023, Norsk Hydro reported its Scope 2 emissions using the location-based method. a

Norsk Hydro's Scope 2 Emissions Over Time

2018201920202021202220230500 k1 M1.5 M2 MtCO2e
  • Total Scope 2 Location-Based

Insights into Norsk Hydro's Value Chain Emissions

In 2023, Norsk Hydro reported 13,410,000 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 2023 disclosure of Norsk Hydro includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Norsk Hydro's Scope 3 Emissions Over Time

201820212022202305.5 M11 M16.5 M22 MtCO2e-23%-10%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Norsk Hydro's Scope 3 emissions?

In 2023, Norsk Hydro reported total Scope 3 emissions of 13,410,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 89.56% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.44% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Norsk Hydro reduced its Scope 3 emissions over time?

Since 2018, Norsk Hydro's Scope 3 emissions have decreased by 36.45%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Norsk Hydro's Scope 3 emissions remained relatively stable, indicating that Norsk Hydro 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Norsk Hydro disclose?

In 2023, Norsk Hydro reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Norsk Hydro's Scope 3 emissions?

In 2023, the largest contributors to Norsk Hydro's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 10,990,000 tCO₂e (81.95%)
  • Processing of Sold Products (Cat. 10): 1,400,000 tCO₂e (10.44%)
  • Fuel- and Energy-Related Services (Cat. 3): 700,000 tCO₂e (5.22%)

Norsk Hydro's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(5.2%)Purchased Goods andServices (Cat. 1)(82.0%)Processing of SoldProducts (Cat. 10)(10.4%)

Insights into Norsk Hydro's Total Carbon Footprint

In 2023, Norsk Hydro reported a total carbon footprint of 21,360,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.69% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Norsk Hydro's total carbon footprint was Scope 3 emissions, accounting for 62.78% of the company's total carbon footprint, followed by Scope 1 emissions at 31.79%. a

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