Arendals Fossekompani

Arendals Fossekompani, headquartered in Norway and operating in the distribution and trade services of electricity sector, has reported a total of approximately 683 million kg CO2e for 2024. This figure encompasses Scope 1, 2, and 3 emissions.

In 2023, the company reported total emissions of approximately 9.69 million kg CO2e. Prior to that, in 2022, total emissions stood at approximately 7.52 million kg CO2e. For 2021, Scope 1 and 2 emissions (location-based) were approximately 10.27 million kg CO2e, with Scope 3 data not being fully disclosed for that year. In 2020, Scope 1 emissions were approximately 138.32 million kg CO2e, with Scope 2 and 3 emissions reported as approximately 2.44 million kg CO2e and 3.88 million kg CO2e respectively.

Arendals Fossekompani has set ambitious climate commitments. Notably, the company is committed to reducing absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using a 2021 baseline. There are also commitments to reduce Scope 1 and Scope 2 emissions to near zero by 2025. Furthermore, the company aims for a 30% reduction in CO2 emissions (Scope 1 and 2) from a 2020 baseline by 2030. Looking towards long-term goals, Arendals Fossekompani is committed to setting net-zero targets by 2050, aligning with the Paris Agreement's aim to limit global warming to 1.5°C.

The company's Science Based Targets initiative (SBTi) assessments indicate that its targets for company operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C. Near-term targets are set for 2027 and 2030.