Arendals Fossekompani
Arendals Fossekompani, often referred to as AFK, is a prominent Norwegian company headquartered in Arendal, Norway. Established in 1896, it has evolved into a key player in the renewable energy sector, primarily focusing on hydropower and energy-related services. With a strong operational presence in Norway and expanding interests in international markets, AFK is dedicated to sustainable energy solutions. The company’s core offerings include the development and management of hydropower plants, alongside investments in innovative energy technologies. Arendals Fossekompani is recognised for its commitment to environmental sustainability and efficiency, positioning itself as a leader in the green energy transition. Notable achievements include significant contributions to Norway's energy landscape, reinforcing its status as a trusted name in the industry.
DitchCarbon Score
How does Arendals Fossekompani's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Distribution industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Arendals Fossekompani's score of 46 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arendals Fossekompani's reported carbon emissions
In 2024, Arendals Fossekompani reported total carbon emissions of approximately 6,140,000 kg CO2e, comprising 1,794,000 kg CO2e from Scope 1 and 4,209,000 kg CO2e from Scope 2 emissions (market-based). In 2023, the company’s emissions were about 6,200,000 kg CO2e, with Scope 1 emissions at 1,858,000 kg CO2e, Scope 2 emissions (market-based) at 4,341,000 kg CO2e, and Scope 3 emissions totalling 2,051,000 kg CO2e. The Scope 3 emissions included significant contributions from business travel and fuel-related activities. Arendals Fossekompani has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% from 2021 levels by 2030. This target is part of their broader strategy to align with the Paris Agreement's goals, committing to net-zero emissions by 2050. Additionally, they aim to reduce Scope 1 emissions to near zero by 2025. The company’s reduction initiatives are supported by their Science Based Targets initiative (SBTi) commitments, which cover 45% of their total investment and lending by invested capital. These targets are consistent with the reductions required to limit global warming to 1.5°C. Overall, Arendals Fossekompani is actively working towards significant emissions reductions while aligning its operations with global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 472,900 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,400 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 51,600 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Arendals Fossekompani is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
