Scatec ASA

Common Name

Scatec

Country

Norway

Sector

Utilities

Industry

Utilities - Renewable

Employees

644

Ticker

SCATC

Exchange

OSLO BORS

Website

scatec.com

Description

Scatec ASA is a leading renewable energy company specializing in the development, construction, and operation of solar power plants globally. Established in 2007 and headquartered in Oslo, Norway, Sca... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

Scatec's EU Taxonomy Data Preview

In 2024, Scatec 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.

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

turnoveropexcapex

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Turnover (3 activities)
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Other Activities Other Activities	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Opex (5 activities)
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.27 CCM/CCA - Construction and safe operation of new nuclear power plants, for the generation of electricity and/or heat, including for hydrogen production, using best-available technologies 4.27 CCM/CCA - Construction and safe operation of new nuclear power plants, for the generation of electricity and/or heat, including for hydrogen production, using best-available technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.5 CCM/CCA - Electricity generation from hydropower 4.5 CCM/CCA - Electricity generation from hydropower	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Other Activities Other Activities	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Capex (5 activities)
3.10 CCM/CCA - Manufacture of hydrogen 3.10 CCM/CCA - Manufacture of hydrogen	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.1 CCM/CCA - Electricity generation using solar photovoltaic technology 4.1 CCM/CCA - Electricity generation using solar photovoltaic technology	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
4.10 CCM/CCA - Storage of electricity 4.10 CCM/CCA - Storage of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Other Activities Other Activities	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Verified Sources Behind Scatec’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 Scatec’s data sources below and access millions more through our Disclosure Search.

a. Scatec's Annual Report 2024

b. Scatec's EU Taxonomy Report 2023

c. Scatec's EU Taxonomy Report 2022

Insights into Scatec's Revenues from Sustainable Activities

In 2024, Scatec reported EU Taxonomy-eligible revenues of NOK 4.26 billion, representing 97.43% of its total turnover. Of this amount, NOK 4.13 billion of Scatec's revenues was classified as EU Taxonomy-aligned, indicating that 94.48% 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

Scatec's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

Have Scatec's revenues become more sustainable over time?

Since 2022, Scatec's taxonomy-aligned revenues decreased by 5.52%, indicating a long-term decline in environmentally sustainable revenue performance.^{a, c}

Compared to the previous year (2023), Scatec's taxonomy-aligned revenues remained relatively stable, indicating that Scatec maintained operational continuity , with no significant changes in the scale of sustainable activities or the coverage of its taxonomy-aligned reporting.^{a, b}

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

In 2024, Scatec reported that NOK 4.26 billion of its revenue was eligible under the EU Taxonomy, representing 97.43% of the company's total turnover. Of this amount, NOK 4.13 billion (94.48% of total revenue) was classified as Taxonomy-aligned. This means that 2.95% of Scatec'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 Scatec's eligible revenue is aligned with the EU Taxonomy?

In 2024, Scatec reported that NOK 4.13 billion of its revenue was aligned under the EU Taxonomy, representing 94.48% of its total turnover.^a

This strong alignment suggests that Scatec has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.

Scatec's Eligibility & Alignment Overview

Scatec's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

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

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

Climate Change Mitigation: 94.48%
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 Scatec earn from selling climate-related solutions ?

In 2024, Scatec reported that NOK 4.13 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 94.48% of the company's total revenue,indicating that Scatecprimarily focuseson solutions that support climate action through its commercial activities.^a

Insights into Scatec's CAPEX from Sustainable Activities

In 2024, Scatec reported EU Taxonomy-eligible CAPEX of NOK 3.26 billion,representing 98.64% of its total CAPEX. Of this amount, NOK 3.25 billion of Scatec's CAPEX was classified as EU Taxonomy-aligned, indicating that 98.39% 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

Scatec's Taxonomy-Eligible Capex Over Time

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

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

Since 2022, Scatec's taxonomy-aligned capital expenditure (CAPEX)increased by 10.55%,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), Scatec's taxonomy-aligned CAPEX increased by 1.43%,highlighting Scatec'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 Scatec's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2024, Scatec reported that NOK 3.26 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 98.64% of the company's total CAPEX. Of this amount, NOK 3.25 billion (98.39% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.25% of Scatec'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 Scatec's eligible CAPEX is aligned with the EU Taxonomy?

In 2024, Scatec reported that NOK 3.25 billion of its CAPEX was aligned under the EU Taxonomy, representing 98.39% of its total capital investment.^a

This strong alignment suggests that Scatec is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.

Scatec's Eligibility & Alignment Overview

Scatec's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

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

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

Climate Change Mitigation: 98.39%
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 Scatec is investing in climate-related solutions?

In 2024, Scatec allocated NOK 3.25 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 98.39% of the company's total capital expenditure,indicating that Scatecis prioritizing climate-focused investments as a central part of its overall capital strategy.^a

Insights into Scatec's OPEX from Sustainable Activities

In 2024, Scatec reported EU Taxonomy-eligible OPEX of NOK 333.00 million,representing 100% of its total operating expenses (OPEX). Of this amount, NOK 325.00 million of Scatec's OPEX was classified as EU Taxonomy-aligned, indicating that 97.65% 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

Scatec's Taxonomy-Eligible Opex Over Time

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

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

Since 2022, Scatec's taxonomy-aligned operating expenditure (OPEX)decreased by 2.35%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.^{a, c}

Compared to the previous year (2023), Scatec's taxonomy-aligned OPEX remained relatively stable, indicating that Scatec maintained consistent levels of sustainable operational expenditure, without significant changes in taxonomy-aligned activity coverage.^{a, b}

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

In 2024, Scatec reported that NOK 333.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 100% of the company's total OPEX. Of this amount, NOK 325.00 million (97.65% of total OPEX) was classified as Taxonomy-aligned. This means that 2.35% of Scatec'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 Scatec's eligible OPEX is aligned with the EU Taxonomy?

In 2024, Scatec reported that NOK 325.00 million of its OPEX was aligned under the EU Taxonomy, representing 97.65% of its total operational expenditure.^a

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

Scatec's Eligibility & Alignment Overview

Scatec's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

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

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

Climate Change Mitigation: 97.65%
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 Scatec's operational budget supports climate-related solutions?

In 2024, Scatec allocated NOK 325.17 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 97.65% of the company's total OPEX,indicating that Scatecis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.^a

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Scatec ASA

Scatec's EU Taxonomy Data Preview

Verified Sources Behind Scatec’s EU Taxonomy Data

Insights into Scatec's Revenues from Sustainable Activities

Scatec's Taxonomy-Eligible Turnover Over Time

Have Scatec's revenues become more sustainable over time?

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

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

Scatec's Eligibility & Alignment Overview

Scatec's Contribution to Environmental Objectives

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

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

Insights into Scatec's CAPEX from Sustainable Activities

Scatec's Taxonomy-Eligible Capex Over Time

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

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

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

Scatec's Eligibility & Alignment Overview

Scatec's Contribution to Environmental Objectives

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

How much Scatec is investing in climate-related solutions?

Insights into Scatec's OPEX from Sustainable Activities

Scatec's Taxonomy-Eligible Opex Over Time

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

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

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

Scatec's Eligibility & Alignment Overview

Scatec's Contribution to Environmental Objectives

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

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

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