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Pioneering Circularity

Company at a glance

By transforming waste into valuable resources and removing hazardous substances from circulation, we are avoiding emissions and protecting natural ecosystems. With a strong presence across the Nordics, and in Poland and the UK, we operate through 90 processing facilities and sites, managing around 4.4 million tons of waste annually. We are a vital part of the Nordic industrial infrastructure, now generating EUR 1.2bn in revenue with a team of ~3,400 employees.

Year acquired
2018
Revenue
EUR 1.310bn
Location
Europe
Employees
2421
Investment theme
Circularity
SDG alignment

11, 12, 13

What are the challenges NG Nordic addresses?

  • only 40%

    of total waste generated in Europe is currently recycled

  • 119m

    tonnes of hazardous waste generated in Europe in 2022 requesting proper treatment and depollution

How does NG Nordic help?

  • Reality today

    Current materials system accounts for ~1/3 of global CO2 emissions, causing damage to our biodiversity and exhausting our natural resources at an unsustainable rate.

  • NG approach

    NG is a critical player for the European material system transition – handling ~2 million mt waste, scaling access to circular raw materials through reuse, collection, recycling and depollution, while being 77% Taxonomy-aligned.

  • Aspirational future

    A circular economy and materials system where waste is treated as a valuable resource and raw material, with depollution processes implemented to remove contaminants and pollutants from these waste streams, ensuring the recovered materials are safe and suitable for reuse.

  • Who is impacted?

    NG serves more than +40k industrial, commercial and municipal customers, helping to reduce negative impact on the environment from natural resource extraction by enabling access to recycled materials and reducing their GHG emissions.

  • Contribution

    NG effectively treats ~2 million mt waste, contributing to the decrease of CO2 emissions and the need for extraction of virgin raw materials. With 77% taxonomy alignment, NG demonstrates contribution to climate change mitigation, pollution prevention, and the transition to a circular economy.

  • Risks to impact

    Health and safety is a top priority for NG, due to the inherent risks related to working with heavy machinery, vehicles and hazardous waste treatment. In addition, NG’s activities entail an inherent risk of environmental harm in the form of air, soil, or water pollution.

KPI reporting*

Waste handled (tonnes)

Target 2025: 3 million tonnes

Change from '23-'24: -4%

2024
1,938,296
2023
2,024,777
2022
2,286,738

Tonnes of waste tracked and traced through the value chain, ensuring transparent and accountable waste management. Reduction due to market conditions, however a 57% recycling/material recovery rate was maintained despite volume and composition changes.

Avoided emissions (tonnes CO2e)

Change from '23-'24: -6%

2024
1,375,794
2023
1,458,077
2022
1,322,409

Reduction in GHG emissions associated with a particular NG solution compared to a reference solution. Avoided emissions reduced disproportionately due to a decrease in recyclable metals and increased hazardous waste landfilling.

Number of high-risk value chain audits

Target 2027: 50

Change from '23-'24: +17%

2024
41
2023
35
2022
30

Value chain audits ensure a responsible and compliant value chain by tracking number of audits of high-risk partners.

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