North Atlantic Energies SA (ticker: NAE) is an oil and gas refining and marketing company listed on Euronext Paris, headquartered in Nanterre, France. It was formerly known as Esso S.A.F. and adopted ... North Atlantic Energies SA (ticker: NAE) is an oil and gas refining and marketing company listed on Euronext Paris, headquartered in Nanterre, France. It was formerly known as Esso S.A.F. and adopted the name North Atlantic Energies following the acquisition of a controlling stake by North Atlantic France SAS.
## Company overview
North Atlantic Energies refines, distributes, and markets petroleum products such as gasoline, diesel, domestic and heavy fuel oils, kerosene, aviation fuel, marine fuels, base oils, white oils, paraffins, and lubricants. Its products are sold under the Esso and Mobil brands and distributed through a network of service stations and third‑party distributors.
## Operations and scale
The company operates two refineries in France and a network of around 800 service stations under the Esso and Esso Express brands. France represents the large majority of its revenue, with the remainder coming from exports.
## Corporate structure and ownership
North Atlantic Energies operates as a subsidiary of North Atlantic France SAS after the latter acquired roughly 82.89% of the shares previously held by ExxonMobil’s French holding entity. Following this transaction, a mandatory tender offer has been announced for the remaining free‑float shares at a specified price per share, with the stated intention to pursue a squeeze‑out if legal conditions are met.
## Key identifiers
The stock trades on Euronext Paris under the symbol NAE, with reporting currency in euros and classification in the oil and gas refining and marketing (petroleum refining) industry. The company traces its origins back to 1902 and has its registered address at 20 rue Paul Héroult, 92000 Nanterre, France.
## Management
Recent public profiles list Charles Amyot as Chief Executive Officer of North Atlantic Energies, supported by a broader executive committee and board that includes representatives linked to both the historic Esso structure and the new North Atlantic ownership. Detailed governance information, including board composition and key executive roles, is available in investor‑facing company profiles and regulatory disclosures.
North Atlantic Energies's EU Taxonomy Data Preview
In 2024, North Atlantic Energies 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.
North Atlantic Energies has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of North Atlantic Energies 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 Non-Eligible B Turnover
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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4.25 CCM/CCA - Production of heat/cool using waste heat
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Total Taxonomy Non-Eligible B Capex
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2.4 CE - Treatment of hazardous waste
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4.25 CCM/CCA - Production of heat/cool using waste heat
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Limited Data Preview
You are viewing a limited preview of North Atlantic Energies’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 North Atlantic Energies’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 North Atlantic Energies’s data sources below and access millions more through our Disclosure Search.
a. North Atlantic Energies's Annual Report 2024
b. North Atlantic Energies's Non-financial report 2023
c. North Atlantic Energies's Non-financial report 2022
Insights into North Atlantic Energies's Revenues from Sustainable Activities
In 2024, North Atlantic Energies reported EU Taxonomy-eligible revenues of EUR 136.90 million, representing 0.8% of its total turnover. Of this amount, EUR 32.00 million of North Atlantic Energies's revenues was classified as EU Taxonomy-aligned, indicating that 0.2% 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
How much of North Atlantic Energies's revenue is eligible under the EU Taxonomy?
In 2024, North Atlantic Energies reported that EUR 136.90 million of its revenue was eligible under the EU Taxonomy, representing 0.8% of the company's total turnover. Of this amount, EUR 32.00 million (0.2% of total revenue) was classified as Taxonomy-aligned. This means that 0.6% of North Atlantic Energies'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 North Atlantic Energies's eligible revenue is aligned with the EU Taxonomy?
In 2024, North Atlantic Energies reported that EUR 32.00 million of its revenue was aligned under the EU Taxonomy, representing 0.2% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
North Atlantic Energies's Eligibility & Alignment Overview
North Atlantic Energies's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is North Atlantic Energies's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, North Atlantic Energies reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.2%
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 North Atlantic Energies earn from selling climate-related solutions ?
In 2024, North Atlantic Energies reported that EUR 35.89 million 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 0.2% of the company's total revenue,indicating that North Atlantic Energieshas limited exposureon solutions that support climate action through its commercial activities.a
Insights into North Atlantic Energies's CAPEX from Sustainable Activities
In 2024, North Atlantic Energies reported EU Taxonomy-eligible CAPEX of EUR 28.90 million,representing 28.9% of its total CAPEX. Of this amount, EUR 24.90 million of North Atlantic Energies's CAPEX was classified as EU Taxonomy-aligned, indicating that 24.9% 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
How much of North Atlantic Energies's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, North Atlantic Energies reported that EUR 28.90 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 28.9% of the company's total CAPEX. Of this amount, EUR 24.90 million (24.9% of total CAPEX) was classified as Taxonomy-aligned. This means that 4% of North Atlantic Energies'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 North Atlantic Energies's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, North Atlantic Energies reported that EUR 24.90 million of its CAPEX was aligned under the EU Taxonomy, representing 24.9% of its total capital investment.a
This moderate level of alignment indicates that North Atlantic Energies is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
North Atlantic Energies's Eligibility & Alignment Overview
North Atlantic Energies's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is North Atlantic Energies's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, North Atlantic Energies reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 18.1%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 6.7%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much North Atlantic Energies is investing in climate-related solutions?
In 2024, North Atlantic Energies allocated EUR 18.10 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 18.1% of the company's total capital expenditure,indicating that North Atlantic Energiesis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into North Atlantic Energies's OPEX from Sustainable Activities
In 2024, North Atlantic Energies reported EU Taxonomy-eligible OPEX of EUR 17.20 million,representing 11.1% of its total operating expenses (OPEX). Of this amount, EUR 4.00 million of North Atlantic Energies's OPEX was classified as EU Taxonomy-aligned, indicating that 2.6% 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
How much of North Atlantic Energies's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, North Atlantic Energies reported that EUR 17.20 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 11.1% of the company's total OPEX. Of this amount, EUR 4.00 million (2.6% of total OPEX) was classified as Taxonomy-aligned. This means that 8.5% of North Atlantic Energies'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 North Atlantic Energies's eligible OPEX is aligned with the EU Taxonomy?
In 2024, North Atlantic Energies reported that EUR 4.00 million of its OPEX was aligned under the EU Taxonomy, representing 2.6% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
North Atlantic Energies's Eligibility & Alignment Overview
North Atlantic Energies's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is North Atlantic Energies's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, North Atlantic Energies reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 2.6%
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 North Atlantic Energies's operational budget supports climate-related solutions?
In 2024, North Atlantic Energies allocated EUR 4.05 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 2.6% of the company's total OPEX,indicating that North Atlantic Energieshas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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