NKT has joined the First Movers Coalition and pledged that at least 10% of all primary aluminium it procures annually will be low-carbon by 2030, according to the company.
NKT said the commitment aligns with the coalition’s emissions threshold and supports global decarbonisation efforts.
Anthony Abbotts, vice president and head of sustainability at NKT, said: “At NKT, it is a strategic priority to continuously reduce the carbon intensity of our power cables.”
He added: “Our participation in the First Movers Coalition reinforces this commitment.”
The company said the initiative, led by the World Economic Forum, brings together global firms to help decarbonise hard-to-abate sectors.
Noam Boussidan, First Movers Coalition programme head at the World Economic Forum, said: “NKT’s decision to join the First Movers Coalition marks a significant step forward in the aluminium industry’s journey toward full value chain decarbonization.”
NKT said early market demand for low-carbon materials will be essential to scale emerging climate technologies.
The company highlighted its 2025 supply agreement with Hydro to secure low-carbon aluminium wire rod through 2033.
Abbotts added: “To succeed, we must turn ambition into practical reality.”
NKT said the Hydro deal ensures access to aluminium with a certified footprint of 4kg CO2e per kilo or less, with rights to future REDUXA 3.0 volumes.
The company said aluminium is critical for power cable production and essential to Europe’s grid upgrades as electrification accelerates.