Pioneering Circularity
Company at a glance
By transforming waste into valuable resources and removing hazardous substances from circulation, we are avoiding emissions and protecting natural ecosystems. With a strong presence across the Nordics, and in Poland and the UK, we operate through 90 processing facilities and sites, managing around 4.4 million tons of waste annually. We are a vital part of the Nordic industrial infrastructure, now generating EUR 1.2bn in revenue with a team of ~3,400 employees.
- Year acquired
- 2018
- Sector
- Circular Economy
- Revenue
- EUR 1.2bn
- Location
- Europe
- Employees
- ~3,400
- Website
- https://www.norskgjenvinning.no
- Investment theme
- Resource Efficiency
- Contact
- hannah.jacobsen@summaequity.com
Key developments in 2024
On November 29th, NG Group and Fortum Recycling & Waste joined forces to become a leading Nordic provider of circular solutions and environmental services, tackling the urgent challenges of climate change and resource scarcity. Additionally, earlier this year NG successfully closed the acquisition of Denmark’s leading demolition company P.Olesen, enhancing its position in construction & demolition waste material recycling and recovery. Lastly NG Group continued in 2024 to advance its sustainability commitments by approving net-zero targets by SBTi.
What are the challenges NG Group addresses?
-
only 40%
of total waste generated in Europe is currently recycled
-
119m
tons of hazardous waste generated in Europe in 2022 requesting proper treatment and depollution
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 European material system transition – handling ~ 4.4 mt waste, scaling access to circular raw materials through reuse, collection, recycling and depollution, while being aligned with the EU taxonomy for the large majority of its activities.
Aspirational future
By pioneering circularity, our goal is to become a true European leader.
Who is impacted?
NG Group serves more than 42k industrial, commercial and municipal customers, helping to reduce negative impact on the environment from natural resource extraction by enabling access to recycled materials and reducing their GHG emissions.
Contribution
NG Group effectively treats 4.4 million tons of waste, contributing to the decrease of CO2 emissions and the need for extraction of virgin raw materials, in addition to the depollution of 0.4m tons of hazardous waste.
Risks
Health and safety is a top priority for NG Group, due to the inherent risks related to working with heavy machinery, vehicles and hazardous waste treatment. In addition, NG Group’s activities entail an inherent risk of environmental harm in the form of air, soil, or water pollution.
