Arendals Fossekompani

Arendals Fossekompani's reported carbon emissions

Arendals Fossekompani, headquartered in NO, has reported its carbon emissions across various scopes for recent years. In 2024, the company's total reported emissions were approximately 683,012,000 kg CO2e. This figure includes Scope 1 emissions of about 1,794,000 kg CO2e and Scope 2 emissions (market-based) of approximately 1,950,000 kg CO2e. Scope 3 emissions for 2024 accounted for business travel (about 2,051,000 kg CO2e), waste generated in operations (approximately 277,000 kg CO2e), and fuel and energy-related activities (around 1,176,000 kg CO2e). For 2023, total emissions were approximately 9,687,000 kg CO2e. Scope 1 emissions were reported at about 1,858,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 2,318,000 kg CO2e. Scope 3 emissions in 2023 included business travel (approximately 1,898,000 kg CO2e), waste generated in operations (about 287,000 kg CO2e), and fuel and energy-related activities (around 1,303,000 kg CO2e). In 2022, total emissions were approximately 7,517,400 kg CO2e, comprising Scope 1 emissions of about 1,744,100 kg CO2e and Scope 2 emissions (market-based) of approximately 2,442,000 kg CO2e. Scope 3 emissions for that year totalled about 3,303,200 kg CO2e, including business travel (around 1,457,300 kg CO2e), employee commute (approximately 298,500 kg CO2e), waste generated in operations (about 149,300 kg CO2e), and fuel and energy-related activities (around 1,398,100 kg CO2e). In 2021, Arendals Fossekompani reported Scope 1 emissions of approximately 1,584,000 kg CO2e and Scope 2 emissions (market-based) of about 2,838,000 kg CO2e. Scope 3 data was not fully disclosed for this year. For 2020, Scope 1 emissions were approximately 138,325,800 kg CO2e, Scope 2 emissions were around 2,443,100 kg CO2e, and Scope 3 emissions were approximately 3,877,100 kg CO2e. Arendals Fossekompani has established several reduction targets. The company aims to reduce its Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2021 baseline. Additionally, Cogen Energia aims for a 30% reduction in CO2 emissions for Scope 1 and Scope 2 by 2030 from a 2020 baseline. A more ambitious target is to reduce Scope 1 and Scope 2 emissions to near zero by 2025. The company is also committed to setting net-zero targets by 2023 to align with the Paris Agreement, aiming for net-zero global emissions by 2050 to limit global warming to 1.5°C. Arendals Fossekompani has committed to Science Based Targets initiative (SBTi) with near-term targets for 2027 and 2030 consistent with a 1.5°C warming scenario for its operations. Their portfolio targets cover 45% of total investment and lending by invested capital.