Nel ASA 2023 AR2
The report highlights Nel's financial and operational performance for 2023, during which the company achieved a 78% increase in revenue to NOK 1,773 million. Guided by its 'Bigger Better Focused' strategy, Nel expanded its alkaline electrolyser production capacity at Herøya and PEM capacity in Wallingford. The company also introduced a double materiality assessment aligned with the European Sustainability Reporting Standards (ESRS) and committed to achieving net-zero emissions before 2050. Despite market headwinds in the second half of the year, Nel maintained a strong cash balance and a robust order backlog to support future growth.
Company: Nel ASA
Sector: Industrials
Country: Norway
Year: 2023
Type: AR2
Pages: 176
Nel ASA
Annual Report
The report highlights Nel's financial and operational performance for 2023, during which the company achieved a 78% increase in revenue to NOK 1,773 million. Guided by its 'Bigger Better Focused' strategy, Nel expanded its alkaline electrolyser production capacity at Herøya and PEM capacity in Wallingford. The company also introduced a double materiality assessment aligned with the European Sustainability Reporting Standards (ESRS) and committed to achieving net-zero emissions before 2050. Despite market headwinds in the second half of the year, Nel maintained a strong cash balance and a robust order backlog to support future growth.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 28, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees