Fjordkraft Sustainability Profile
Fjordkraft AS, a leading energy company based in Norway, has established itself as a prominent player in the renewable energy sector since its founding in 1998. Headquartered in Oslo, Fjordkraft operates primarily across the Norwegian market, providing innovative energy solutions to both residential and commercial customers. The company offers a range of services, including electricity supply, energy management, and solar energy solutions, distinguished by its commitment to sustainability and customer-centric approach. Fjordkraft has achieved significant milestones, including a strong market position as one of Norway's largest electricity retailers, recognised for its competitive pricing and exceptional customer service. With a focus on green energy, Fjordkraft continues to lead the way in promoting environmentally friendly practices within the industry.
DitchCarbon Score
How does Fjordkraft'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
Fjordkraft's score of 21 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fjordkraft's reported carbon emissions
In 2023, Fjordkraft reported total carbon emissions of approximately 292,800 kg CO2e. This figure includes 10,600 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 19,100 kg CO2e from Scope 2 emissions, specifically from purchased heat. The majority of their emissions, about 263,100 kg CO2e, fall under Scope 3, with significant contributions from business travel (222,400 kg CO2e) and employee commuting (19,900 kg CO2e). Comparatively, in 2022, Fjordkraft's total emissions were about 187,900 kg CO2e, with Scope 1 emissions at 10,700 kg CO2e and Scope 3 emissions at 177,200 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023, particularly in Scope 3 categories. Fjordkraft's emissions data is cascaded from its parent company, Elmera Group ASA, reflecting a corporate family relationship. However, there are currently no specific reduction targets or climate pledges disclosed by Fjordkraft, nor are there any initiatives reported under the Science Based Targets initiative (SBTi). Overall, while Fjordkraft has made strides in reporting its emissions, the absence of reduction targets highlights an area for potential improvement in their climate commitments.
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| 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000 | 00,000 | 00,000 |
| Scope 2 | 1,000 | 0,000 | - | - | - |
| Scope 3 | 1,884,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Fjordkraft's Industry?
How Carbon Intensive is Fjordkraft's Location?
Fjordkraft's Scope 3 Categories Breakdown
Fjordkraft's Scope 3 emissions, which increased by 48% last year and decreased by approximately 86% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 85% of Scope 3 emissions.
Top Scope 3 Categories
Fjordkraft'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.
Fjordkraft has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
