- Geopolitical uncertainty affecting the global economy and slowing down Final Investment Decisions (FIDs) on energy transition projects
- Lack of clarity in regulatory guidance for carbon emission reduction projects
- Energy security challenges due to geopolitical instability
- Risks related to the construction of the SOEC factory
- Risks related to the development of the PtX market
- Challenges in attracting and retaining the right talent
- Increasing complexity in regulatory chemicals legislation
- Risks of conducting business with sanctioned counterparties or in countries subject to trade prohibitions
- Risks related to intellectual property (IP)
Topsoe A/S
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Topsoe A/S disclosed greenhouse gas emissions of 159.3K tCO2e/year (Scope 1 & 2 market-based). By scope: Scope 1: 117.1K tCO2e/year; Scope 2: 42.2K tCO2e/year (market-based); Scope 3: 395.9K tCO2e/year. 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
159.3K tCO2e/year (Scope 1 & 2 market-based)
2023
Renewable Energy
Target 80% by 2025
of total energy
Waste
12.8K tons/year
2023
Energy Use
359.2K MWh/year
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). | 117.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 42.2K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 395.9K tCO2e/year |
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 | 159.3K tCO2e/year (Scope 1 & 2 market-based) |
| 2019 | 56.4K tCO2e/year (from production plants) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Improved CDP score, obtaining a B
- Achieved a Gold rating in EcoVadis
- Implemented SAP EHS at all sites to manage environmental and energy data
- Engaged over 270 suppliers, requesting their decarbonization performance disclosure to CDP, achieving a 60% response rate
- Developed a roadmap with over 20 workstreams, embedding net zero in all activities to achieve the 2040 target
- Stopped producing high-temperature shift (HTS) catalysts containing chromium and transitioned to a chromium-free alternative
- Established Liquid Natural Gas (LNG) and Liquified Petroleum Gas (LPG) plants to secure energy supply
- Progressed with civil works on TertiNOx™ catalyst solution to remove nitrous oxide (N2O)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute greenhouse gas emissions by at least 95% in own operations by 2030 from a 2020 baseline
- Transition to 80% renewable electricity by 2025
- TRIF of 0.32 for employees and 0.45 for employees and contractors combined by 2024
- Women in 30% of management roles by 2024
- Top 25% in the annual employee engagement survey compared to the industry benchmark by 2024
📅 Medium-term
- 74% of suppliers to have GHG emission reduction targets aligned with science-based targets in 2027
- 40% women in other management by 2030
🔭 Long-term
- Net zero GHG emissions by 2040 for scope 1, 2 and 3
🌱 ESG Focus Areas
Climate changePollutionResource use & wasteHuman rightsHealth & safetyEqual treatmentCorruption & briberyResponsible supply chain management