There is no such thing as waste

NG Group at a glance

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.

Year acquired

2018

Sector

Circular Economy

Revenue

EUR 731 m

Location

Norway

Employees

2052

Investment themes

Resource Efficiency

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. The 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.

Impact dimensions

The challenges we face

Global waste generation is expected to grow by 70% by 2050, while the supply of natural resources is scarce. With a rapidly growing population, we have no choice but to reduce waste, and recover and reuse materials through a circular economy

0m

tons waste generated in Norway in 2020

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.

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.

SDG alignments

SDG 11
SDG 12
SDG 13

KPI reporting

Revenue (EURm)

2022:
-0%
702
2021:
722
2020:
578

Tons CO2e avoided

2022:
-0%
1 322 409
2021:
1 409 729
2020:
1 441 992

Material recovery

2022:
-0%
58%
2021:
61%
2020:
51%

Number of value chain audits

2022:
30