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 18 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Arendals Fossekompani's reported carbon emissions
In 2023, Arendals Fossekompani reported total carbon emissions of approximately 254,821,100 kg CO2e. This figure includes 1,858,200 kg CO2e from Scope 1 emissions, 4,342,200 kg CO2e from Scope 2 emissions (market-based), and a significant 250,644,500 kg CO2e from Scope 3 emissions, which primarily stem from upstream transportation and distribution activities. The company has set near-term targets aligned with a 1.5°C climate scenario, aiming to cover 45% of its total investment and lending by invested capital as of 2021. This includes a commitment to reduce emissions from its operations (Scopes 1 and 2) in line with the necessary reductions to limit global warming. Notably, as of 2021, required activities constituted 21% of its total investment, while optional activities made up 24%, leaving 55% classified as out of scope. In previous years, emissions were reported as follows: in 2022, total emissions were about 7,517,400 kg CO2e; in 2021, approximately 6,608,300 kg CO2e; and in 2020, around 140,000,000 kg CO2e. The significant increase in 2023 emissions highlights the need for ongoing commitment to climate action and effective management of Scope 3 emissions, which represent the largest portion of their carbon footprint. Arendals Fossekompani has not yet committed to a net-zero target but continues to develop its climate strategy in alignment with industry standards and scientific recommendations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 472,900 | 000,000,000 | 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 |
| Scope 3 | 51,600 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
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 committed to some reduction initiatives 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.
