- Challenging markets and weaker financial results due to wars, geopolitical rivalry, and inflation.
- Two contractor fatalities (one in Brazil, one in Qatar).
- Decreased demand for extruded products in European markets (17% year-over-year).
- Complex and evolving sustainability landscape.
- Value chain concentration in Brazil.
- Macro-economic developments, geopolitical tensions, protectionism, and trade disruptions.
- Regulatory and policy framework uncertainty.
- Technological breakthroughs by competitors.
- Climate change (physical and transition risks).
Norsk Hydro ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Norsk Hydro ASA disclosed greenhouse gas emissions of 9.35 million tonnes CO2e (ownership equity). By scope: Scope 1: 6.79 million tonnes CO2e (consolidated); Scope 2: 1.16 million tonnes CO2e (consolidated); Scope 3: 13.41 million tonnes CO2e (ownership equity). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
9.35 million tonnes CO2e (ownership equity)
2023
Renewable Energy
41.4% of total energy consumption
of total energy
Water Usage
283.7 million m3
2023
Waste
33% of spent pot linings to landfill
2023
Energy Use
45.7 TWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 6.79 million tonnes CO2e (consolidated) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.16 million tonnes CO2e (consolidated) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 13.41 million tonnes CO2e (ownership equity) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 9.35 million tonnes CO2e (ownership equity) |
| 2022 | 40.7 kton CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total scope 1 and 2 GHG emissions by 6.5% from 2018 baseline.
- Reduced indirect scope 3 GHG emissions by 32% from 2018 baseline.
- Recycled 444,000 tonnes of post-consumer aluminium scrap (38% increase from 2022).
- Sold 51,000 tonnes of Hydro CIRCAL.
- Implemented Tailings Dry Backfill method at Paragominas mine.
- Achieved conformance with the Global Industry Standard on Tailings Management (GISTM).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 GHG emissions by 10% by 2025.
- Reduce upstream Scope 3 GHG emissions per tonne aluminium by 30% by 2030.
📅 Medium-term
- Reduce Scope 1 and 2 GHG emissions by 30% by 2030.
- Increase post-consumer scrap recycling capacity to 850,000-1,200,000 tonnes by 2030.
- Demonstrate emission-free smelting technologies at industrial pilot scale by 2030.
- Achieve EBITDA in the range of NOK 10-12 billion in Extrusions by 2030.
- Increase EBITDA from Recycling to NOK 5-8 billion by 2030.
🔭 Long-term
- Net-zero GHG emissions by 2050 or earlier.
- Eliminate landfill of all recoverable waste by 2040.
- Eliminate the need for new bauxite residue storage areas by 2050.
🌱 ESG Focus Areas
Climate changeNatureSocial responsibilityHuman rightsCircular economy