Orkla ASA is a leading industrial investment company based in Norway, prominently engaging in branded consumer goods. Its core purpose is to develop robust and sustainable business models primarily fo... Orkla ASA is a leading industrial investment company based in Norway, prominently engaging in branded consumer goods. Its core purpose is to develop robust and sustainable business models primarily focused on producing food, confectionery, snacks, and other household products. Orkla ASA operates extensively across the Nordic region, Baltic countries, and select European markets, substantially impacting industries such as consumer goods, food production, and personal care. Notable features of Orkla’s portfolio include well-known regional brands like Grandiosa pizzas and Nidar sweets, which underscore its role in daily consumer life. Orkla's commitment to sustainability and innovation is evident through their efforts in reducing carbon footprints and promoting the use of recyclable materials. With a diverse product range and strategic geographical presence, Orkla ASA serves as a pivotal entity in the European consumer goods sector, influencing market trends and consumer choices. Furthermore, the company's extensive distribution network and strategic partnerships enhance its market significance, ensuring that it remains a key player in the development and evolution of the consumer goods industry in Europe.
In 2024, Orkla 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.
Orkla has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Orkla are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2024
2023
2022
2021 - 2017
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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c
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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c
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Total Taxonomy Non-Eligible B Opex
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c
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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b
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c
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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c
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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c
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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c
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Total Taxonomy Non-Eligible B Capex
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3.2 CE - Renovation of existing buildings, 7.2 CCM/CCA - Renovation of existing buildings
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4.16 CCM/CCA - Installation and operation of electric heat pumps
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c
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4.25 CCM/CCA - Production of heat/cool using waste heat
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a
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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a
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c
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7.4 CCM/CCA - Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings)
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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c
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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c
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7.7 CCM/CCA - Acquisition and ownership of buildings
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Limited Data Preview
You are viewing a limited preview of Orkla’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 Orkla’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 Orkla’s data sources below and access millions more through our Disclosure Search.
a. Orkla's Annual Report 2024
b. Orkla's Annual Report 2023
c. Orkla's Annual Report 2022
Insights into Orkla's Revenues from Sustainable Activities
In 2024, Orkla reported EU Taxonomy-eligible revenues of NOK 2.81 billion, representing 3.97% of its total turnover. Of this amount, NOK 3.98 million of Orkla's revenues was classified as EU Taxonomy-aligned, indicating that 0.01% 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 Orkla's revenue is eligible under the EU Taxonomy?
In 2024, Orkla reported that NOK 2.81 billion of its revenue was eligible under the EU Taxonomy, representing 3.97% of the company's total turnover. Of this amount, NOK 3.98 million (0.01% of total revenue) was classified as Taxonomy-aligned. This means that 3.97% of Orkla'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 Orkla's eligible revenue is aligned with the EU Taxonomy?
In 2024, Orkla reported that NOK 3.98 million of its revenue was aligned under the EU Taxonomy, representing 0.01% 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.
Orkla's Eligibility & Alignment Overview
Orkla's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Orkla's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Orkla reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
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 Orkla earn from selling climate-related solutions ?
In 2024, Orkla reported that NOK 7,066 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% of the company's total revenue,indicating that Orklahas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Orkla's CAPEX from Sustainable Activities
In 2024, Orkla reported EU Taxonomy-eligible CAPEX of NOK 498.09 million,representing 23.47% of its total CAPEX. Of this amount, NOK 76.63 million of Orkla's CAPEX was classified as EU Taxonomy-aligned, indicating that 3.61% 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
Orkla's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Orkla's increased its investment in sustainable activities over time?
Since 2022, Orkla's taxonomy-aligned capital expenditure (CAPEX)increased by 56.96%,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), Orkla's taxonomy-aligned CAPEX decreased by 42.7%,suggesting that Orkla may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Orkla's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Orkla reported that NOK 498.09 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 23.47% of the company's total CAPEX. Of this amount, NOK 76.63 million (3.61% of total CAPEX) was classified as Taxonomy-aligned. This means that 19.86% of Orkla'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 Orkla's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Orkla reported that NOK 76.63 million of its CAPEX was aligned under the EU Taxonomy, representing 3.61% of its total capital investment.a
This low alignment reflects that Orkla is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Orkla's Eligibility & Alignment Overview
Orkla's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Orkla's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Orkla reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 3.61%
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 Orkla is investing in climate-related solutions?
In 2024, Orkla allocated NOK 76.60 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 3.61% of the company's total capital expenditure,indicating that Orklahas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Orkla's OPEX from Sustainable Activities
In 2024, Orkla reported EU Taxonomy-eligible OPEX of NOK 201.62 million,representing 14.6% of its total operating expenses (OPEX). Of this amount, NOK 2.23 million of Orkla's OPEX was classified as EU Taxonomy-aligned, indicating that 0.2% 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
Orkla's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Orkla's increased its spending in sustainable activities over time?
Since 2022, Orkla's taxonomy-aligned operating expenditure (OPEX)increased by 100%,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), Orkla's taxonomy-aligned OPEX remained relatively stable, indicating that Orkla maintained consistent levels of sustainable operational expenditure, without significant changes in taxonomy-aligned activity coverage.a, b
How much of Orkla's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Orkla reported that NOK 201.62 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 14.6% of the company's total OPEX. Of this amount, NOK 2.23 million (0.2% of total OPEX) was classified as Taxonomy-aligned. This means that 14.4% of Orkla'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 Orkla's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Orkla reported that NOK 2.23 million of its OPEX was aligned under the EU Taxonomy, representing 0.2% 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.
Orkla's Eligibility & Alignment Overview
Orkla's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Orkla's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Orkla reported that its taxonomy-aligned operational expenditure (OPEX) 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 of Orkla's operational budget supports climate-related solutions?
In 2024, Orkla allocated NOK 2.77 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.2% of the company's total OPEX,indicating that Orklahas 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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