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 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 89% 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, and a significant 250,644,500 kg CO2e from Scope 3 emissions, which primarily stem from upstream transportation and distribution activities. Over the years, the company has shown a trend in its emissions data. In 2022, total emissions were about 7,517,400 kg CO2e, with Scope 1 at 1,744,100 kg CO2e, Scope 2 at 4,168,200 kg CO2e, and Scope 3 at 3,303,200 kg CO2e. This indicates a substantial increase in emissions in 2023 compared to the previous year. Arendals Fossekompani has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for reductions consistent with limiting global warming to 1.5°C. Their portfolio targets cover approximately 45% of total investment and lending by invested capital as of 2021. The company is committed to reducing greenhouse gas emissions from its operations (Scopes 1 and 2) but has not yet committed to a net-zero target. Overall, while Arendals Fossekompani has made commitments towards reducing its carbon footprint, the significant rise in emissions in 2023 highlights the challenges it faces in achieving its climate goals.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 656,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 238,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 175,000 | 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.
