Norva24 Group AB (publ)

Common Name

Norva24 Group

Country

Sweden

Sector

Industrials

Industry

Engineering & Construction

Employees

2,010

Ticker

WG0

Exchange

Deutsche Börse Frankfurt

Website

www.norva24.com

Description

Norva24 Group AB is a leading industrial services company specializing in the maintenance and infrastructure services for underground water and sewage systems across Scandinavia. As an integral player... Show more

GHG Emissions EU Taxonomy

Norva24 Group's EU Taxonomy Data Preview

In 2024, Norva24 Group 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.

Norva24 Group has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Norva24 Group are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric	2024	2023	2022
Total Taxonomy Aligned Turnover	47%^a	41%^b	44%^c
Total Taxonomy Eligible Turnover	47%^a	46%^b	44%^c
Activity Level Taxonomy Aligned Turnover (5 activities)
2.1 PPC - Collection and transport of hazardous waste	4%^a	N/A	N/A
5.2 CCM/CCA - Renewal of water collection, treatment and supply systems, 5.4 CCM/CCA - Renewal of waste water collection and treatment	N/A	N/A	11%^c
5.4 CCM/CCA - Renewal of waste water collection and treatment	9%^a	10%^b	N/A
5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions	33%^a	31%^b	31%^c
5.8 CCM/CCA - Composting of bio-waste	1%^a	1%^b	2%^c

Metric	2024	2023	2022
Total Taxonomy Aligned Opex	88%^a	37%^b	41%^c
Total Taxonomy Eligible Opex	88%^a	41%^b	41%^c
Activity Level Taxonomy Aligned Opex (5 activities)
2.1 PPC - Collection and transport of hazardous waste	6%^a	N/A	N/A
5.2 CCM/CCA - Renewal of water collection, treatment and supply systems, 5.4 CCM/CCA - Renewal of waste water collection and treatment	N/A	N/A	10%^c
5.4 CCM/CCA - Renewal of waste water collection and treatment	23%^a	9%^b	N/A
5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions	57%^a	28%^b	29%^c
5.8 CCM/CCA - Composting of bio-waste	2%^a	N/A	1%^c

Metric	2024	2023	2022
Total Taxonomy Aligned Capex	45%^a	42%^b	43%^c
Total Taxonomy Eligible Capex	45%^a	46%^b	43%^c
Activity Level Taxonomy Aligned Capex (5 activities)
2.1 PPC - Collection and transport of hazardous waste	5%^a	N/A	N/A
5.2 CCM/CCA - Renewal of water collection, treatment and supply systems, 5.4 CCM/CCA - Renewal of waste water collection and treatment	N/A	N/A	11%^c
5.4 CCM/CCA - Renewal of waste water collection and treatment	12%^a	10%^b	N/A
5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions	28%^a	31%^b	31%^c
5.8 CCM/CCA - Composting of bio-waste	N/A	1%^b	1%^c

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Verified Sources Behind Norva24 Group’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.

a. Norva24 Group's Annual Report 2024

b. Norva24 Group's Annual Report 2023

c. Norva24 Group's Annual Report 2022

Insights into Norva24 Group's Revenues from Sustainable Activities

In 2024, Norva24 Group reported EU Taxonomy-eligible revenues of NOK 1.70 billion, representing 47% of its total turnover. Of this amount, NOK 1.70 billion of Norva24 Group's revenues was classified as EU Taxonomy-aligned, indicating that 47% 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

Norva24 Group's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover

Have Norva24 Group's revenues become more sustainable over time?

Since 2022, Norva24 Group's taxonomy-aligned revenues increased by 6.82%,reflecting a sustained upward trend in environmentally sustainable revenue generation.^{a, c}

Compared to the previous year (2023), Norva24 Group's taxonomy-aligned revenues increased by 14.63%,highlighting Norva24 Group'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 Norva24 Group's revenue is eligible under the EU Taxonomy?

In 2024, Norva24 Group reported that NOK 1.70 billion of its revenue was eligible under the EU Taxonomy, representing 47% of the company's total turnover. Of this amount, NOK 1.70 billion (47% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Norva24 Group'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 Norva24 Group's eligible revenue is aligned with the EU Taxonomy?

In 2024, Norva24 Group reported that NOK 1.70 billion of its revenue was aligned under the EU Taxonomy, representing 47% of its total turnover.^a

This moderate level of alignment indicates that Norva24 Group has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.

Norva24 Group's Eligibility & Alignment Overview

Norva24 Group's Contribution to Environmental Objectives

Total Taxonomy Aligned Turnover

How is Norva24 Group's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2024, Norva24 Group reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 43%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 4%
Protection and restoration of biodiversity and ecosystems: 0%

How much revenue does Norva24 Group earn from selling climate-related solutions ?

In 2024, Norva24 Group reported that NOK 1.56 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 43% of the company's total revenue,indicating that Norva24 Grouphas a moderate focuson solutions that support climate action through its commercial activities.^a

Insights into Norva24 Group's CAPEX from Sustainable Activities

In 2024, Norva24 Group reported EU Taxonomy-eligible CAPEX of NOK 122.47 million,representing 45% of its total CAPEX. Of this amount, NOK 122.47 million of Norva24 Group's CAPEX was classified as EU Taxonomy-aligned, indicating that 45% 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

Norva24 Group's Taxonomy-Eligible Capex Over Time

Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex

Have Norva24 Group's increased its investment in sustainable activities over time?

Since 2022, Norva24 Group's taxonomy-aligned capital expenditure (CAPEX)increased by 4.65%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.^{a, c}

Compared to the previous year (2023), Norva24 Group's taxonomy-aligned CAPEX increased by 7.14%,highlighting Norva24 Group'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 Norva24 Group's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2024, Norva24 Group reported that NOK 122.47 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 45% of the company's total CAPEX. Of this amount, NOK 122.47 million (45% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Norva24 Group'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 Norva24 Group's eligible CAPEX is aligned with the EU Taxonomy?

In 2024, Norva24 Group reported that NOK 122.47 million of its CAPEX was aligned under the EU Taxonomy, representing 45% of its total capital investment.^a

This moderate level of alignment indicates that Norva24 Group is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.

Norva24 Group's Eligibility & Alignment Overview

Norva24 Group's Contribution to Environmental Objectives

Total Taxonomy Aligned Capex

How is Norva24 Group's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2024, Norva24 Group reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 40%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 5%
Protection and restoration of biodiversity and ecosystems: 0%

How much Norva24 Group is investing in climate-related solutions?

In 2024, Norva24 Group allocated NOK 108.97 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 40% of the company's total capital expenditure,indicating that Norva24 Groupis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.^a

Insights into Norva24 Group's OPEX from Sustainable Activities

In 2024, Norva24 Group reported EU Taxonomy-eligible OPEX of NOK 1.05 million,representing 88% of its total operating expenses (OPEX). Of this amount, NOK 1.05 million of Norva24 Group's OPEX was classified as EU Taxonomy-aligned, indicating that 88% 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

Norva24 Group's Taxonomy-Eligible Opex Over Time

Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex

Have Norva24 Group's increased its spending in sustainable activities over time?

Since 2022, Norva24 Group's taxonomy-aligned operating expenditure (OPEX)increased by 114.63%,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), Norva24 Group's taxonomy-aligned OPEX increased by 137.84%,highlighting Norva24 Group'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 Norva24 Group's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2024, Norva24 Group reported that NOK 1.05 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 88% of the company's total OPEX. Of this amount, NOK 1.05 million (88% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Norva24 Group'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 Norva24 Group's eligible OPEX is aligned with the EU Taxonomy?

In 2024, Norva24 Group reported that NOK 1.05 million of its OPEX was aligned under the EU Taxonomy, representing 88% of its total operational expenditure.^a

This strong alignment suggests that Norva24 Group is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.

Norva24 Group's Eligibility & Alignment Overview

Norva24 Group's Contribution to Environmental Objectives

Total Taxonomy Aligned Opex

How is Norva24 Group's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2024, Norva24 Group reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 82%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 6%
Protection and restoration of biodiversity and ecosystems: 0%

How much of Norva24 Group's operational budget supports climate-related solutions?

In 2024, Norva24 Group allocated NOK 978,192 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 82% of the company's total OPEX,indicating that Norva24 Groupis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.^a

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Norva24 Group's EU Taxonomy Data Preview

Verified Sources Behind Norva24 Group’s EU Taxonomy Data

Insights into Norva24 Group's Revenues from Sustainable Activities

Norva24 Group's Taxonomy-Eligible Turnover Over Time

Have Norva24 Group's revenues become more sustainable over time?

How much of Norva24 Group's revenue is eligible under the EU Taxonomy?

How much of Norva24 Group's eligible revenue is aligned with the EU Taxonomy?

Norva24 Group's Eligibility & Alignment Overview

Norva24 Group's Contribution to Environmental Objectives

How is Norva24 Group's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does Norva24 Group earn from selling climate-related solutions ?

Insights into Norva24 Group's CAPEX from Sustainable Activities

Norva24 Group's Taxonomy-Eligible Capex Over Time

Have Norva24 Group's increased its investment in sustainable activities over time?

How much of Norva24 Group's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of Norva24 Group's eligible CAPEX is aligned with the EU Taxonomy?

Norva24 Group's Eligibility & Alignment Overview

Norva24 Group's Contribution to Environmental Objectives

How is Norva24 Group's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much Norva24 Group is investing in climate-related solutions?

Insights into Norva24 Group's OPEX from Sustainable Activities

Norva24 Group's Taxonomy-Eligible Opex Over Time

Have Norva24 Group's increased its spending in sustainable activities over time?

How much of Norva24 Group's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of Norva24 Group's eligible OPEX is aligned with the EU Taxonomy?

Norva24 Group's Eligibility & Alignment Overview

Norva24 Group's Contribution to Environmental Objectives

How is Norva24 Group's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of Norva24 Group's operational budget supports climate-related solutions?

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