Nel ASA | Sustainability Performance

https://nelhydrogen.com

Engaged in the hydrogen production industry, this company develops technologies for the generation of hydrogen through electrolysis. It aims to contribute to the shift towards sustainable energy solutions and lower carbon emissions.

1927

Norway

201 - 500 employees

Utilities

$100M - 500M in revenue

Not profitable

Report Inaccurate Data

Sustainability Ranking & Industry Benchmark

#2147

Overall^ⓈThis is a simple, transparent and data-based ranking measuring the overall sustainability performance of a company. It takes into account the following factors:

• Carbon emissions intensity (normalized by industry)
• Share of renewable electricity consumption (normalized by industry)
• Sustainability maturity
• Intent to leverage sustainability solutions
• Sustainability accreditations and certifications

The ranking takes into account all companies in illuminem's database. It leverages publicly available data as well as responses from the brief illuminem survey (please fill it out here for your company).

#94

in Norway^{ⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same geography, based on its headquarters location, within Illuminem's database.
(Source: illuminem)}

#100

in Energy & Mining^{ⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same industry within Illuminem's database.
(Source: illuminem)}

Sustainability Maturity

^ⓈMaturity gauges how far along a company is on its sustainability journey. It takes into account various factors such as:

• Breadth and depth of sustainability strategy
• Investment in sustainability
• External stakeholder engagement on sustainability topics
• Disclosure, awareness and management of environmental performance
• Sustainability certifications, awards and memberships

The maturity rank is based on a company's overall maturity score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher maturity result in a higher rank.
Companies at the early stage of their sustainability journey are usually just starting to recognize the importance of sustainability. Their goals are often compliance-driven, cost-saving, or reputation-based, rather than deeply integrated into their core business strategy. Example solutions include services to comply with regulations, compliance software, consulting services, energy management & efficiency to reduce cost, certifications etc.
Companies with high sustainability maturity have deeply integrated sustainability into their core strategy and view it as a competitive advantage. Sustainability is not just a compliance requirement but a business driver that aligns with long-term value creation. Example solutions include insetting & supply chain services, carbon neutrality solutions, circular economy models, innovations in sustainable products and services etc.
(Source: illuminem)

​​0123456789​​%

---

Sustainability Intent

^ⓈIntent evaluates a company's propensity to buy sustainability products and services in the near future. It takes into account various factors such as:

• Expressed intent by relevant company employees to buy sustainability solutions (reported directly to illuminem)
• Previous company activity in buying relevant solutions (reported to illuminem or aggregated from global registries)
• News or public reports by the company signaling interest to buy relevant solutions
• Intensity and progress against sustainability targets or pledges (reported publicly by the company)
• Level of pressure on sustainability performance from relevant stakeholders (as reported by the company or estimated based on industry/geography)

The intent rank is based on a company's overall intent score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher intent results in a higher rank.
(Source: illuminem)

Available in
Scale package

Access

See Legend

​​0123456789​​%

Industry Rank

613 out of 861

See all

---

Carbon emissions

Electricity consumption

Carbon certificate projects

Targets

Other sustainability metrics

Reporting

View similiar companies

---

Ameren

United States, Energy & Mining, Utilities

---

Alliant Energy

United States, Energy & Mining, Utilities

---

Algonquin Power Utilities Corp

Canada, Energy & Mining, Utilities

Carbon emissions

Reveal data for 1 credit

1.6K^{ⓈCompany sustainability report}2023

Industry rank: 381 out of 861^{ⓈThe carbon emissions rank is based on a company's CO2 equivalent Scope 1 and 2 greenhouse gas emissions compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher emissions result in a lower rank.}

---

Total CO2 emissions
(CO2e tons)

Industry rank: 381 out of 861^{ⓈThe carbon emissions rank is based on a company's CO2 equivalent Scope 1 and 2 greenhouse gas emissions compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher emissions result in a lower rank.}

Scopes 1+2

All scopes

Company actuals (net of offset)

Industry Benchmark
(adj. for company revenues)

14

2021^{ⓈCompany sustainability report}

30

2022^{ⓈCompany sustainability report}

1.6K

2023^{ⓈCompany sustainability report}

20

B/M^{ⓈThe carbon emissions benchmark value represents the average carbon intensity (revenue-based) of all other companies in the same industry (with over 50 companies) in Illuminem's database, adjusted for the revenue of the selected company.}

illustrative

Sustainability Targets and Commitments

Target	Year	Value	Scope	Baseline
Net ZeroⓈCompany sustainability report	2050	100%	1&2&3	-

Progress against targets

^{ⓈCompany sustainability report}

Nel has outlined a trajectory for reducing GHG emissions, with a pledge to reduce emissions per produced unit by 25% by 2030, 50% by 2035, and 100% by 2050, compared to 2020 levels. The company acknowledges that the majority of its GHG emissions are Scope 3, primarily from purchased goods like steel and transportation. Nel anticipates that reductions will become more visible beyond 2030 as the availability of renewable steel increases and the transportation industry adopts more sustainable practices. The company is improving its reporting procedures and data quality to monitor progress effectively. Nel's strategy does not include carbon offset schemes, focusing instead on actual emission reductions.

Sustainability employees

2-3

^{ⓈThis value represents the estimated number of employees in a company with sustainability-related roles or job titles, as determined by Illuminem using publicly available data.}

Sustainability contacts

^{ⓘWe follow the strictest rules to ensure compliance with all the relevant data protection laws, including GDPR. Click here for our Privacy Policy.}

---

---

Available in
Scale package

Access

• John Doe

  Fake Job Title 1

  Email

  **************

---

• John Doe

  Fake Job Title 2

  Email

  **************

Disclaimer: The information provided by illuminem ("we", "us") is for general informational purposes only. All information on the pages is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy of any information on the pages. The information on the pages is either provided to us directly by the companies to which the information relates, or by third-party data providers, or derives from publicly available sources. In certain instances the information might be estimations based on limited information publicly available. Your reliance on any information provided on the pages is solely at your own risk. If you believe that any information is incorrect or in breach of your rights, please contact us.