AFRY AB is a Swedish-Finnish public engineering, design, and advisory company founded in 1895, specializing in sustainability and digitalization. Originating from the Southern Swedish Steam Generator ... AFRY AB is a Swedish-Finnish public engineering, design, and advisory company founded in 1895, specializing in sustainability and digitalization. Originating from the Southern Swedish Steam Generator Association, it evolved through mergers, including the 2019 acquisition of Pöyry PLC, to become a global leader with over 18,000 experts operating in more than 50 countries. The company delivers integrated solutions across key divisions: Energy, covering hydro, gas, bioenergy, nuclear, and renewables; Industry, focusing on product development, production systems, and process industries like food, pharmaceuticals, and bioindustry; and Transportation & Places, providing services for infrastructure, buildings, and mobility. AFRY supports clients in tackling climate change, urbanization, and efficiency challenges through projects such as the Gotthard Base Tunnel and Ras al-Khair power plant, while offering management consulting in market analysis, digital transformation, and M&A. Headquartered in Stockholm, Sweden, with 2024 revenue of $2,569.3 million, AFRY plays a pivotal role in accelerating sustainable societal transitions across manufacturing, automotive, energy, and infrastructure sectors.
In 2024, Afry 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.
Afry has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Afry are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
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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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4.15 CCM/CCA - District heating/cooling distribution
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4.28 CCM/CCA - Electricity generation from nuclear energy in existing installations
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4.5 CCM/CCA - Electricity generation from hydropower
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4.9 CCM/CCA - Transmission and distribution of electricity
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6.14 CCM/CCA - Infrastructure for rail transport
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9.1 CCM - Close to market research, development and innovation
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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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Metric (tonnes)
2024
2023
2022
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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Limited Data Preview
You are viewing a limited preview of Afry’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 Afry’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Afry’s data sources below and access millions more through our Disclosure Search.
a. Afry's Annual Report 2024
b. Afry's Annual Report 2023
c. Afry's Annual Report 2022
Insights into Afry's Revenues from Sustainable Activities
In 2024, Afry reported EU Taxonomy-eligible revenues of SEK 10.39 billion, representing 38.3% of its total turnover. Of this amount, SEK 282.00 million of Afry's revenues was classified as EU Taxonomy-aligned, indicating that 1% 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
Afry's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Afry's revenues become more sustainable over time?
Compared to the previous year (2023), Afry's taxonomy-aligned revenues increased by 100%,highlighting Afry'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 Afry's revenue is eligible under the EU Taxonomy?
In 2024, Afry reported that SEK 10.39 billion of its revenue was eligible under the EU Taxonomy, representing 38.3% of the company's total turnover. Of this amount, SEK 282.00 million (1% of total revenue) was classified as Taxonomy-aligned. This means that 37.2% of Afry'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 Afry's eligible revenue is aligned with the EU Taxonomy?
In 2024, Afry reported that SEK 282.00 million of its revenue was aligned under the EU Taxonomy, representing 1% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Afry's Eligibility & Alignment Overview
Afry's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Afry's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Afry reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 1%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Afry earn from selling climate-related solutions ?
In 2024, Afry reported that SEK 271.60 million 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 1% of the company's total revenue,indicating that Afryhas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Afry's CAPEX from Sustainable Activities
In 2024, Afry reported EU Taxonomy-eligible CAPEX of SEK 294.00 million,representing 70.6% of its total CAPEX. Of this amount, SEK 0 of Afry's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% 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
Insights into Afry's OPEX from Sustainable Activities
In 2024, Afry reported EU Taxonomy-eligible OPEX of SEK 0,representing 0% of its total operating expenses (OPEX). Of this amount, SEK 0 of Afry's OPEX was classified as EU Taxonomy-aligned, indicating that 0% 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
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