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 31 is higher than 91% 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 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. The Scope 3 emissions primarily stem from upstream transportation and distribution, which accounted for about 246,757,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% from 2021 levels by 2030. Additionally, they are targeting a near-zero reduction in Scope 1 and Scope 2 emissions by 2025. Arendals Fossekompani has also committed to aligning its long-term strategy with the Paris Agreement, targeting net-zero emissions across all scopes by 2050. 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 1,387,100 kg CO2e for Scope 1 and 2 combined. The company is actively working towards these reduction targets, reflecting a strong commitment to sustainability and climate action.
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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 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.
