Part of our sustainability journey is to continue our aspiration and efforts to be a fair and responsible partner and employer. We have a strong focus on health and safety while safeguarding human rights and work to empower people across the organization, the industry and in local communities.
As a leading company in the power cable industry, a high-performing, diverse and inclusive organization is a key enabler for our growth ambitions. This makes attracting, developing and retaining talents and employees a high priority area for NKT. In 2022, we have continued to strengthen our focus on talent management, diversity and inclusion.
We remain committed to conducting our business in accordance with the principles of the UN Global Compact and look forward to continuing to support the necessary acceleration of the green transition. Our commitments and actions to contribute to a low-carbon economy through minimizing the corporate impact and providing a central product to the energy transition attracts the necessary talent and investor support to meet the corporate growth trajectory.
Minimizing NKT’s sustainability impact is central to the customers’ success and their respective sustainability journey. Sustainability actions contribute to the company’s competitiveness and increase chances to become preferred supplier.
Environmental Product Declarations (EPDs), which describe the environmental impact throughout the life cycle of our products, are important requirements of our customers. We are therefore pleased to announce that the first declarations are now externally validated and published.
Through the product portfolio, NKT is positioned as a central contributor to the electrification of society and the energy transition towards renewable energy supply. The demand for renewable energy might see a tipping point in the medium-term.
Investments into decarbonization action (e.g. 100% renewable energy, natural gas phase out) decrease the overall cost in comparison to previous configurations and accounting for increasing carbon prices.
Planned and committed renewable energy capacity will increasingly materialize. NKT is well positioned to seize opportunities from the energy and low carbon economy transition.