About
Nordjysk Elhandel A/S is an energy trading company and a market leader in CDM project development and emissions trading. Nordjysk Elhandel A/S (NE) is a major Scandinavian energy trading company operating in electricity, natural gas and carbon at the European energy markets. NE was established in 1998 by two municipal utility companies and two consumer-owned distribution companies. Since its establishment, NE has experienced rapid organic growth and a strong development across several energy-related business areas. In 2009, NE had a turnover of EUR 304m and realized its best ever annual result.
In carbon emissions solutions, NE has built up a market-leading position in origination and development of international carbon projects, carbon portfolio management, trading of emissions, as well as services in the growing market for energy certificates and voluntary carbon offsetting. NE is currently the largest private developer of CDM projects in Denmark and a dedicated advocate for low carbon development.
In production, NE handles all financial and physical power integration aspects for more than 160 combined heat and power plants; all subject to EU Emission Trading Scheme (EU ETS) compliance. NE also handles more than 1 600 MW of domestic and international on and offshore wind power production, including 38 per cent of the total Danish wind power capacity.
In consumption, NE has a large customer base of private electricity consumers and prominent companies, including several companies subject to EU ETS compliance.
NE supports the UN Global Compact and complies with a progressive CSR policy and Code of Conduct. They consider sustainability an asset – and through their engagements in renewables and in UN's Clean Development Mechanism (CDM), they are a dedicated participant in the development of low carbon economy.
Strategy
NE has established a dedicated department committed to developing their business within the field of climate and emissions reductions – and have extensive expertise in identifying and developing climate projects.
NE is currently the largest private developer of climate projects within the Clean Development Mechanism (CDM), which enables industrialised countries to implement climate projects in developing countries where resources are limited, in exchange for approved carbon credits. They have a comprehensive portfolio of CDM projects, and have entered into more than 15 emission reduction purchase agreements with various CDM project owners in India, Malaysia, Thailand, China, Ivory Coast and Cambodia. They are currently working to expand their cooperation with CDM project owners in Asia, Africa and Latin America.
NE is a dedicated advocate for the low carbon economy. They have made a business area out of advising and aiding other businesses in their quest to voluntarily reduce their emissions of greenhouse gases. This involves carbon footprint analysis, consultancy, renewable energy and energy-saving solutions, and investment in climate projects to offset greenhouse gas emissions.
Furthermore, they are working actively for the integration of more renewables in the energy mix. Primarily, they provide the wind energy sector with expert market and balancing services to maximize the value of wind energy production.
Emissions reductions as an asset
NE is carbon neutral. Their primary priority is to reduce their carbon emissions by increasing their energy efficiency, while their secondary priority is to offset their emitted volume of greenhouse gasses via carbon credits.
For their annual climate accounts, they each year prepare a carbon footprint analysis of their own emissions of greenhouse gases. Moreover, they draw up an annual Climate Change policy with clear objectives for reducing both their greenhouse gas emissions and their consumption of energy. This they put into practice in a Climate Change Action Plan which is then implemented throughout the company.
Nordjysk Elhandel A/S' Climate Action Plan includes reporting ongoing registration and reporting of emissions to reduce the direct and indirect emissions from sources other than purchased energy – which in 2009 accounted for 84 per cent of their total emissions. They plan to analyse their greenhouse gas emitting activities and implement the initiatives needed to reduce emissions. They also plan to encourage dialogue and cooperation with suppliers and partners regarding analysis of emissions from their products and services. They also plan to set up a database for emission factors and make their initiatives and results visible internally within the company as well as externally. They will continue to use experiences from their own climate efforts to develop concepts and products to inspire customers and other companies to participate in the move towards a low carbon economy.
In order to achieve their objectives and implement their Climate Action Plan, they have appointed an internal CSR and Climate Committee consisting of several employees from different areas of expertise. Together with the Board of Directors, the committee aims to ensure that the plans are implemented and reduction targets are meet at all levels of the company’s business areas.
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