Overall Net-Zero Target: NKT Cables Group A/S commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: NKT Cables Group A/S commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2030 from a 2019 base year*. NKT Cables Group A/S also commits to increase active annual sourcing of renewable electricity from 18% in 2019 to 100% by 2024 and to continue active annual sourcing of 100% renewable electricity through 2030. NKT Cables Group A/S further commits to reduce absolute scope 3 GHG emissions 27.5% from purchased goods and services and use of sold products by 2030 from a 2019 base year*. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. Long-Term Targets: NKT Cables Group A/S commits to maintain a minimum of 90% absolute scope 1 and 2 GHG emissions from 2030 through 2050 from a 2019 base year*. NKT Cables Group A/S also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and use of sold products 90% by 2050 from a 2019 base year*. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.