Norsk Hydro ASA
Primary Climate Goal
Norsk Hydro ASA's target annual Scope 1 + 2 emissions for 2025 should be equal to 9,189 Kt = 10% * 10,210 Kt, according to the company's stated climate goal.
In order to achieve this goal, Norsk Hydro ASA would need to reduce its emissions at least by -530 Kt per annum over the period from 2022 to 2025:
-530 Kt = ( 9,189 Kt - 11,310 Kt ) / (2025 - 2021)
This translates into a -4.7% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Norsk Hydro ASA aims to reduce Scope 1 + 2 by 10% by 2025 from a base year 2018
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Norsk Hydro ASA reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 11,310 Kt (+720/+6.8% y-o-y). At the sime time, carbon intensity was down at 650 t (-52 /-7.4% y-o-y).
No public disclosure of Scope 3 emissions has been found for Norsk Hydro ASA at the moment.
The company is committed to reducing Scope 1 + 2 by 10% by 2025 from a base year 2018, which translates into the estimated reduction of -530 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.