Arendals Fossekompani Sustainability Profile
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 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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). For 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 for a 42% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2030, using 2021 as the baseline year. Additionally, the company has committed to reducing its Scope 1 emissions to near zero by 2025 and has pledged to align with the Paris Agreement's goal of net-zero emissions by 2050. The company’s targets are consistent with the Science Based Targets initiative (SBTi), which confirms that their emissions reduction strategies are aligned with limiting global warming to 1.5°C. These commitments reflect a proactive approach to climate action within the financial sector, where Arendals Fossekompani operates.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is Arendals Fossekompani's Industry?
How Carbon Intensive is Arendals Fossekompani's Location?
Arendals Fossekompani's Scope 3 Categories Breakdown
Arendals Fossekompani's Scope 3 emissions, which increased by 0% last year and decreased by approximately 10% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 59% of Scope 3 emissions.
Top Scope 3 Categories
Arendals Fossekompani's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Arendals Fossekompani has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Arendals Fossekompani's sustainability data and climate commitments