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 52 is higher than 76% 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 683,012,000 kg CO2e. This figure includes Scope 1 emissions of about 1,794,000 kg CO2e, Scope 2 emissions of approximately 1,950,000 kg CO2e (market-based), and significant Scope 3 emissions, notably from business travel (about 2,051,000 kg CO2e) and fuel and energy-related activities (approximately 1,176,000 kg CO2e). In 2023, the company’s total emissions were about 9,687,000 kg CO2e, with Scope 1 emissions at approximately 1,858,000 kg CO2e and Scope 2 emissions (market-based) at around 2,318,000 kg CO2e. The Scope 3 emissions for that year included about 1,898,000 kg CO2e from business travel. 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. Additionally, the company has committed to achieving near-zero emissions for both Scope 1 and Scope 2 by 2025. They also plan to establish net-zero targets aligned with the Paris Agreement by 2023, aiming for net-zero global emissions by 2050. The company’s reduction initiatives are supported by targets classified under the Science Based Targets initiative (SBTi), which are consistent with limiting global warming to 1.5°C. These targets cover 45% of Arendals Fossekompani's total investment and lending by invested capital as of 2021. Overall, Arendals Fossekompani is actively working towards significant emissions reductions while aligning its strategies with global climate goals.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 138,325,800 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,443,100 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,877,100 | - | 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.
