NKT has signed up to the Science Based Target initiative to become a net zero emissions company.
The manufacturer of offshore wind cables is committed to reducing its own greenhouse gas emissions by 5% on average annually in line with the Paris climate agreement to keep global warming to 1.5°C above pre-industrial levels.
NKT president and CEO Alexander Kara said: “I am proud that we are the first major power cable manufacturer to commit to this verified and approved method for responsible climate actions, and it is a strong signal to our stakeholders that we are fully committed to accelerate the sustainability journey.
“Power cables are essential to transition to renewable energy and as it is our company purpose to connect a greener world it is natural for us to take further responsibilities to become a net-zero emissions company.”
Earlier this year NKT said it will operate all its power cable plants on electricity from renewable energy sources, reducing CO2 emissions from its annual energy consumption by 66%, or over 48,000 tons compared to 2019.
The NKT Science Based Targets addresses Scopes 1 and 2 (own impact) and Scope 3 (value chain) emissions.