Mar 23, 2021
As the world moves towards green energy, we are proud to take center stage. Our power cable technology is key to a future based on clean and renewable energy
In NKT, we have made it our purpose to connect a greener world by delivering the power cable technology essential for the green transformation. This journey continued in 2020.
As the first major power cable manufacturer we committed to the Science Based Target initiative to become a net-zero emissions company no later than 2050. This commitment further accelerates our sustainability journey and in 2020, we have taken steps to reduce the environmental impact of our operations. Here, a key one was to power all our power cable production with electricity generated from renewable energy leading to a 72% reduction in our greenhouse gas emissions (GHG) from electricity compared to 2019 (Reporting year is October 2019-October 2020).
In 2020, we have also continued to connect the power grids of Europe ensuring the infrastructure needed to efficiently exchange renewable energy. Furthermore, we are a key partner in connecting solar farms, on- and offshore wind parks as well as in upgrading and developing the global power grids. Here, a highlight was our significant order wins for the German corridor projects which are essential to the green transition in Germany.
In a year shaped by the COVID-19 pandemic, our primary focus has been and still is to safeguard the health and safety of our employees. We have instituted a number of initiatives across the organization, while complying with recommendation of the authorities in the markets we operate in. Throughout 2020, we have managed to keep our production running without significant impact.
We promote diversity and equality across our organization, and we are committed to connect a greener world based on responsible and ethical behaviour defined in our Code of Conduct. Furthermore, we conduct our business in accordance with the relevant UN Sustainable Development Goals (SDGs) expressing the most important global challenges.
We are mitigating climate change by reducing the environmental impact from both our supply chain, solutions, products and operations.
— Alexander Kara, President and CEO, NKT