Af Gruppen ASA is a Norwegian construction and civil engineering company, recognized for its robust contribution to infrastructure development across Scandinavia. The company's primary function involv... Af Gruppen ASA is a Norwegian construction and civil engineering company, recognized for its robust contribution to infrastructure development across Scandinavia. The company's primary function involves undertaking large-scale construction projects, which encompass building, civil engineering, property, energy, and environmental sectors. One of its notable features is its emphasis on sustainability and innovation, particularly in energy-efficient building practices and the processing of waste and resources, reflecting its commitment to environmental responsibility.
Af Gruppen ASA leverages its expertise to impact various industries, including transportation, by developing roads and transit systems, and residential and commercial real estate through innovative building solutions. This diversified portfolio allows the company stability and relevance in fluctuating market conditions.
In the financial markets, Af Gruppen ASA holds a significant role as a major player listed on the Oslo Stock Exchange. It provides investors with exposure to the Nordic region's infrastructure and real estate sectors. With its extensive operational reach and innovative endeavors, the company is pivotal in shaping the Nordic construction landscape, contributing to economic growth and modernization.
In 2024, AF Gruppen was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
AF Gruppen has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of AF Gruppen are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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2.4 PPC - Remediation of contaminated sites and areas
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2.6 CE - Depollution and dismantling of end-of-life products
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2.7 CE - Sorting and material recovery of non-hazardous waste
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3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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3.2 CE - Renovation of existing buildings, 7.2 CCM/CCA - Renovation of existing buildings
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3.3 CE - Demolition and wrecking of buildings and other structures
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4.15 CCM/CCA - District heating/cooling distribution
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4.16 CCM/CCA - Installation and operation of electric heat pumps
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4.3 CCM/CCA - Electricity generation from wind power
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4.9 CCM/CCA - Transmission and distribution of electricity
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5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
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5.3 CCM/CCA - Construction, extension and operation of waste water collection and treatment
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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9.3 CCM - Professional services related to energy performance of buildings
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Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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2.4 PPC - Remediation of contaminated sites and areas
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2.6 CE - Depollution and dismantling of end-of-life products
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3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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3.3 CE - Demolition and wrecking of buildings and other structures
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4.15 CCM/CCA - District heating/cooling distribution
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4.3 CCM/CCA - Electricity generation from wind power
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4.9 CCM/CCA - Transmission and distribution of electricity
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5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
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5.3 CCM/CCA - Construction, extension and operation of waste water collection and treatment
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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Metric (tonnes)
2024
2023
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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2.4 PPC - Remediation of contaminated sites and areas
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2.6 CE - Depollution and dismantling of end-of-life products
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2.7 CE - Sorting and material recovery of non-hazardous waste
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3.3 CE - Demolition and wrecking of buildings and other structures
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4.15 CCM/CCA - District heating/cooling distribution
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4.3 CCM/CCA - Electricity generation from wind power
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4.9 CCM/CCA - Transmission and distribution of electricity
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5.1 CCM/CCA - Construction, extension and operation of water collection, treatment and supply systems
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5.3 CCM/CCA - Construction, extension and operation of waste water collection and treatment
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Limited Data Preview
You are viewing a limited preview of AF Gruppen’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind AF Gruppen’s EU Taxonomy Data
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a. AF Gruppen's Annual Report 2024
b. AF Gruppen's Annual Report 2023
c. AF Gruppen's Annual Report 2022
Insights into AF Gruppen's Revenues from Sustainable Activities
In 2024, AF Gruppen reported EU Taxonomy-eligible revenues of NOK 23.04 billion, representing 75.2% of its total turnover. Of this amount, NOK 5.56 billion of AF Gruppen's revenues was classified as EU Taxonomy-aligned, indicating that 18.2% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
AF Gruppen's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have AF Gruppen's revenues become more sustainable over time?
Compared to the previous year (2023), AF Gruppen's taxonomy-aligned revenues increased by 34.81%,highlighting AF Gruppen's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of AF Gruppen's revenue is eligible under the EU Taxonomy?
In 2024, AF Gruppen reported that NOK 23.04 billion of its revenue was eligible under the EU Taxonomy, representing 75.2% of the company's total turnover. Of this amount, NOK 5.56 billion (18.2% of total revenue) was classified as Taxonomy-aligned. This means that 57% of AF Gruppen's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of AF Gruppen's eligible revenue is aligned with the EU Taxonomy?
In 2024, AF Gruppen reported that NOK 5.56 billion of its revenue was aligned under the EU Taxonomy, representing 18.2% of its total turnover.a
This moderate level of alignment indicates that AF Gruppen has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
AF Gruppen's Eligibility & Alignment Overview
AF Gruppen's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is AF Gruppen's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, AF Gruppen reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 16%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 2%
Pollution Prevention and Control: 0.2%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does AF Gruppen earn from selling climate-related solutions ?
In 2024, AF Gruppen reported that NOK 4.90 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 16% of the company's total revenue,indicating that AF Gruppenhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into AF Gruppen's CAPEX from Sustainable Activities
In 2024, AF Gruppen reported EU Taxonomy-eligible CAPEX of NOK 402.00 million,representing 70.9% of its total CAPEX. Of this amount, NOK 93.00 million of AF Gruppen's CAPEX was classified as EU Taxonomy-aligned, indicating that 16.3% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
AF Gruppen's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have AF Gruppen's increased its investment in sustainable activities over time?
Compared to the previous year (2023), AF Gruppen's taxonomy-aligned CAPEX decreased by 58.42%,suggesting that AF Gruppen may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of AF Gruppen's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, AF Gruppen reported that NOK 402.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 70.9% of the company's total CAPEX. Of this amount, NOK 93.00 million (16.3% of total CAPEX) was classified as Taxonomy-aligned. This means that 54.5% of AF Gruppen's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of AF Gruppen's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, AF Gruppen reported that NOK 93.00 million of its CAPEX was aligned under the EU Taxonomy, representing 16.3% of its total capital investment.a
This moderate level of alignment indicates that AF Gruppen is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
AF Gruppen's Eligibility & Alignment Overview
AF Gruppen's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is AF Gruppen's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, AF Gruppen reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 14.7%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 1.3%
Pollution Prevention and Control: 0.3%
Protection and restoration of biodiversity and ecosystems: 0%
How much AF Gruppen is investing in climate-related solutions?
In 2024, AF Gruppen allocated NOK 83.35 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 14.7% of the company's total capital expenditure,indicating that AF Gruppenis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into AF Gruppen's OPEX from Sustainable Activities
In 2024, AF Gruppen reported EU Taxonomy-eligible OPEX of NOK 613.00 million,representing 71.1% of its total operating expenses (OPEX). Of this amount, NOK 342.00 million of AF Gruppen's OPEX was classified as EU Taxonomy-aligned, indicating that 39.6% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
AF Gruppen's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have AF Gruppen's increased its spending in sustainable activities over time?
Compared to the previous year (2023), AF Gruppen's taxonomy-aligned OPEX increased by 80.82%,highlighting AF Gruppen's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of AF Gruppen's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, AF Gruppen reported that NOK 613.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 71.1% of the company's total OPEX. Of this amount, NOK 342.00 million (39.6% of total OPEX) was classified as Taxonomy-aligned. This means that 31.4% of AF Gruppen's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of AF Gruppen's eligible OPEX is aligned with the EU Taxonomy?
In 2024, AF Gruppen reported that NOK 342.00 million of its OPEX was aligned under the EU Taxonomy, representing 39.6% of its total operational expenditure.a
This moderate level of alignment indicates that AF Gruppen is beginning to shift operational priorities toward greener practices, with room for deeper integration.
AF Gruppen's Eligibility & Alignment Overview
AF Gruppen's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is AF Gruppen's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, AF Gruppen reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 37.1%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 2.4%
Pollution Prevention and Control: 0.1%
Protection and restoration of biodiversity and ecosystems: 0%
How much of AF Gruppen's operational budget supports climate-related solutions?
In 2024, AF Gruppen allocated NOK 319.80 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 37.1% of the company's total OPEX,indicating that AF Gruppenis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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