NorStark Net-Zero Roadmap

NorStark are proactively tackling the challenge of climate change and driving carbon reduction in value chain through an industry net-zero transformation. We expect to reduce operational carbon emissions(scope1&2) by 30 % by 2030 as compared to 2024; reach operational carbon neutrality by 2035; and achieve net-zero in the value chain(scope3) by 2050.

Current Process

1 Carbon Accounting

• Carbon Inventory

• Product Carbon Footprint

Through the co-operation, TüV is providing carbon management consultancy and carbon footprint certification services for Axle products

Carbon accounting

⋅ Organizational carbon emission

⋅ Axle Product Carbon footprint

⋅ Emissions from the value chain

2025

2 Strategy & Objective

• Build net-zero strategy and set goals(Scope 1,2&3)

Strategy & objective

⋅ TCFD

⋅ SBTi Scientific Carbon Target

3 Plan Execution

• Establish decarbonization plans and management systems

Action Plan

⋅ Build a net-zero business case and action benchmarking analysis

⋅ Feasibility analysis

⋅ ROI analysis

⋅ Internal carbon pricing

2026

4 Technology & Platform

• Build a digital platform and introduce innovative technologies

Technology Platforms

⋅ Digital platform for automated GHG monitoring and reporting

⋅ Green technology

⋅ Advanced carbon reduction technology

2029

5 Evaluation & Improvement

• Evaluate decarbonization management performance

• Drive value-chain decarbonization (upstream and downstream of Axle)

Evaluate & Improvement

⋅ Assessing carbon reduction performance

⋅ Net-zero data disclosure report

⋅ Empowering value chain of Axle for carbon reduction

⋅ Carbon footprint certificate

30%

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