NG Group (“NG”) is Norway’s largest provider of recycling and environmental services, servicing >40k commercial and municipal customers in the Nordics. Key business areas include recycling and sustainable resources, green metals, and urban re-use (mainly demolition services). With a leading service offering covering the whole waste value chain, NG is strengthening its presence into downstream recycling and digital solutions. The company handled 2.3 m tons of waste during 2022, of which 96% was recycled through material or energy recovery.
NG Group
Overview
NG Group at a glance
Key developments in 2022
NG demonstrated a strong topline and EBITDA growth in 2022 on the back of high activity levels and solid operational improvements. Company continued to deliver on its buy-and-build strategy, with 5 add-ons closed during the year. New 5-year financing in place, enabling further flexibility for future M&A and other capital needs.
Sector
Circular economy
Location
Nordics
SDG aligment
Revenue (EURm)
Change from '21-'22
2022
+0%
778
2021
722
2020
578
Environmental
Carbon intensity: Tons CO₂e per EUR m revenue
Total tons CO₂ emitted
Change from '21-'22
2022
+0%
954 886
2021
936 553
2020
955 749
Monetized climate impact
EURm
The figure represents the monetized value the company has on the environment. See chapter 4 for methodology.
Social
Full time employees
Turnover13%
Unadjusted gender pay gap2%
Gender balance, % females
%
Board
%
Management
%
All employees
Monetized employment impact
EURm
The figure represents the monetized value the company has as a quality employer. See chapter 4 for methodology.
Governance
Via Summa Compliance
%
✔ Code of conduct
✔ Supplier code of conduct
✔ Economic Sanctions
✔ Competition Law/Antitrust
✔ Data Protection/IT Security
✔ Anti-curruption
✔ Whistleblower
How NG is advancing ESG
Science Based Targets
Process to set Science Based Targets will be initiated in 2023, with expected target validation by 2024.
Board Gender Diversity
NG has delivered on the goal of board gender diversity with 50% female board representation.
In Q2 2023, NG will publish an integrated annual and ESG report, which will include a TCFD report. Furthermore, to ensure GHG Protocol compliance, NG has altered the emission reporting methodology. Read more in NG's report and in chapter 4.
What are the challenges NG Group addresses?
0m
tons of waste generated in Norway in 2021
0%
of the waste generated in Norway is not recovered as materials
How does NG Group 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 Group approach
NG Group is a critical player for the Norwegian material system transition - handling ~15% of all waste at ~60% recovery rate (market at 36%) through a combination of upstream waste control and downstream recycling innovation – delivering crucial waste mgmt. services and infrastructure.
Aspirational future
A circular economy and materials system where waste is a valuable resource and raw material.
What impact does NG Group create?
Number of value chain audits
Change from '21-'22
2022
30
Material recovery
Change from '21-'22
2022
-0ppt
58%
2021
61%
2020
51%
Tons CO₂e avoided
Change from '21-'22
2022
-0%
1 322 409
2021
1 409 729
2020
1 441 992
Who is impacted?
NG Group serves more than 40k commercial and municipal customers, helping to reduce negative impact on the environment by conserving resources and reducing GHG emissions.
What are the impact considerations?
Additionality
Without NG Group, 2.3 million tons of waste could receive suboptimal treatment, severely increasing CO₂ emissions and the need for extraction of virgin raw materials.
Risks
Health and safety is a top priority for NG Group, due to the inherent risks related to working with heavy machinery, vehicles, and risks of fires in the processing plants. In addition, NG Group’s activities entail an inherent risk of environmental harm in the form of air, soil, or water pollution.