CO₂-reduction

As part of a large global company, we are responsible for contributing to the lowest possible CO₂ emissions. This is therefore one of our major priorities.
 

Content:

• Our goals
• What we have already achieved
• What we're doing next
• Materiality analysis - what's really important? 
• Governance - how do we know Nexans does what it says?

Our goals

Nexans has a global target verified by the Science Based Target Initiative (SBTi) of Net Zero by 2050. This target covers Scope 1-3 (i.e. also the user phase). Read more about Nexans' global work towards net zero emissions here.

In the Nordic region, we have an ambition to halve our emissions from production, transport and products by 2030, compared to 2019. This is good news for our Nordic customers since 95% of our Nordic sales will also be produced in the Nordics from 2025.

Our factories have already come a long way when it comes to reducing CO₂ emissions. In 2023, the factory at Langhus (Scope 1 & 2) had emissions below 200 tons* CO₂, which is equivalent to 27 residents.** By 2026, we expect to have replaced our two remaining diesel lorries with electric ones (which currently run on biodiesel). Then the factory's emissions are in principle 0.
 

What we have achieved at Nexans Norway Distribution & Usage (D&U)

Materiality analysis - what's really important? 

What is really important when it comes to CO₂ reduction?

When we look at our total emissions from a typical Nordic factory such as Grimsås**** (in Sweden), excluding the user phase, our emissions from production (Scope 1 & 2) account for <2%. Products account for 85% and transport for the remaining 15%. 

In the products, metal is the biggest driver, often accounting for 70-80% of the emissions in the product. The use of low-carbon materials and recycled materials will therefore be central to our progress towards Net Zero.

However, if we include the user phase, we see that it is completely dominant. It accounts for 85% of the cable's lifespan, materials for 14% and the transport and production for the remaining ca. 1%.

More renewable energy and less energy loss will therefore be the single most important driver of CO₂ reduction.

Good dimensioning of cables is thus extremely important going forward.

Governance - how do you know that we do what we say?

Nexans is a large company, listed on the Paris stock exchange. Sustainability is a central part of Nexans' business strategy and is driven by the Nexans Board of Directors.

In 2023, Nexans has taken out so-called "green loans", which means that if Nexans does not meet set targets, we will receive high penalty rates. This is a good symbol of Nexans' commitment and engagement. 

Nexans is annually assessed by major independent companies such as CDP (Carbon Disclosure Project), MSCI and EcoVadis, who check and verify that we fulfil their requirements, and we also have a tool that monitors CO₂ development, where we can also simulate investments so that we make decisions based on both CO₂ and economics.

Finally, it is in Nexans' interest to be at the forefront of this journey, because a large part of our customers are themselves committed to the Paris Agreement and Net Zero.
 

DISCLAIMER: At Nexans, we acknowledge that sustainability and environmental protection can be complex and constantly evolving. We cannot claim to have all the knowledge, but we strive to stay updated, avoid greenwashing, continuously improve, and endeavor to do the right things based on the knowledge available to us today.