Arendals Fossekompani ASA is a long-term industrial investment company headquartered in Arendal, Norway, established in 1896 as a pioneer in renewable hydropower production. It actively owns and devel... Arendals Fossekompani ASA is a long-term industrial investment company headquartered in Arendal, Norway, established in 1896 as a pioneer in renewable hydropower production. It actively owns and develops a diverse portfolio of companies driving the energy transition and next-generation industrial technologies, including vertical software and analytics, satellite communications, induction technology, industrial 3D printing, property, and hydropower. With over 2,600 employees across 24 countries, the firm focuses on growth-stage Nordic companies with global potential, seeking controlling stakes in businesses aligned with EU Taxonomy environmental objectives and megatrends like energy transition, digitalization, and deglobalization. Arendals Fossekompani ASA emphasizes ESG principles for sustainable, risk-adjusted returns, supporting portfolio companies through strategy, M&A, financing, and leadership development. Originally operating hydropower plants, it has evolved into a global player listed on the Oslo Stock Exchange since 1913, contributing to sustainable resource use and innovative sectors such as cyber-secure communications and green technologies.
In 2024, Arendals Fossekompani 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.
Arendals Fossekompani has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Arendals Fossekompani are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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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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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.1 WTR - Provision of IT/OT data-driven solutions for leakage reduction
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4.10 CCM/CCA - Storage of electricity, 4.5 CCM/CCA - Electricity generation from hydropower, 4.9 CCM/CCA - Transmission and distribution of electricity, 8.2 CCA - Computer programming, consultancy and related activities, 8.2 CCM - Data-driven solutions for GHG emissions reductions
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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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2024
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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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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.1 WTR - Provision of IT/OT data-driven solutions for leakage reduction
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4.10 CCM/CCA - Storage of electricity, 4.5 CCM/CCA - Electricity generation from hydropower, 4.9 CCM/CCA - Transmission and distribution of electricity, 8.2 CCA - Computer programming, consultancy and related activities, 8.2 CCM - Data-driven solutions for GHG emissions reductions
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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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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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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.1 WTR - Provision of IT/OT data-driven solutions for leakage reduction
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4.10 CCM/CCA - Storage of electricity, 4.5 CCM/CCA - Electricity generation from hydropower, 4.9 CCM/CCA - Transmission and distribution of electricity, 8.2 CCA - Computer programming, consultancy and related activities, 8.2 CCM - Data-driven solutions for GHG emissions reductions
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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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7.2 CCM/CCA - Renovation of existing buildings
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Limited Data Preview
You are viewing a limited preview of Arendals Fossekompani’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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a. Arendals Fossekompani's Annual Report 2024
b. Arendals Fossekompani's EU Taxonomy Report 2023
c. Arendals Fossekompani's EU Taxonomy Report 2022
Insights into Arendals Fossekompani's Revenues from Sustainable Activities
In 2024, Arendals Fossekompani reported EU Taxonomy-eligible revenues of NOK 2.60 billion, representing 59.8% of its total turnover. Of this amount, NOK 361.00 million of Arendals Fossekompani's revenues was classified as EU Taxonomy-aligned, indicating that 8.3% 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
Arendals Fossekompani's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Arendals Fossekompani's revenues become more sustainable over time?
Since 2022, Arendals Fossekompani's taxonomy-aligned revenues decreased by 62.27%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), Arendals Fossekompani's taxonomy-aligned revenues decreased by 62.78%, suggesting that Arendals Fossekompani may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Arendals Fossekompani's revenue is eligible under the EU Taxonomy?
In 2024, Arendals Fossekompani reported that NOK 2.60 billion of its revenue was eligible under the EU Taxonomy, representing 59.8% of the company's total turnover. Of this amount, NOK 361.00 million (8.3% of total revenue) was classified as Taxonomy-aligned. This means that 51.5% of Arendals Fossekompani'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 Arendals Fossekompani's eligible revenue is aligned with the EU Taxonomy?
In 2024, Arendals Fossekompani reported that NOK 361.00 million of its revenue was aligned under the EU Taxonomy, representing 8.3% 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.
Arendals Fossekompani's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Arendals Fossekompani's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Arendals Fossekompani reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 8.3%
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 Arendals Fossekompani earn from selling climate-related solutions ?
In 2024, Arendals Fossekompani reported that NOK 361.28 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 8.3% of the company's total revenue,indicating that Arendals Fossekompanihas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Arendals Fossekompani's CAPEX from Sustainable Activities
In 2024, Arendals Fossekompani reported EU Taxonomy-eligible CAPEX of NOK 269.97 million,representing 81.2% of its total CAPEX. Of this amount, NOK 2.98 million of Arendals Fossekompani's CAPEX was classified as EU Taxonomy-aligned, indicating that 0.9% 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
Arendals Fossekompani's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Arendals Fossekompani's increased its investment in sustainable activities over time?
Since 2022, Arendals Fossekompani's taxonomy-aligned capital expenditure (CAPEX)decreased by 93.57%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Arendals Fossekompani's taxonomy-aligned CAPEX decreased by 94.58%,suggesting that Arendals Fossekompani 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 Arendals Fossekompani's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Arendals Fossekompani reported that NOK 269.97 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 81.2% of the company's total CAPEX. Of this amount, NOK 2.98 million (0.9% of total CAPEX) was classified as Taxonomy-aligned. This means that 80.3% of Arendals Fossekompani'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 Arendals Fossekompani's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Arendals Fossekompani reported that NOK 2.98 million of its CAPEX was aligned under the EU Taxonomy, representing 0.9% of its total capital investment.a
This low alignment reflects that Arendals Fossekompani is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Arendals Fossekompani's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Arendals Fossekompani's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Arendals Fossekompani reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.9%
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 Arendals Fossekompani is investing in climate-related solutions?
In 2024, Arendals Fossekompani allocated NOK 2.99 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.9% of the company's total capital expenditure,indicating that Arendals Fossekompanihas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Arendals Fossekompani's OPEX from Sustainable Activities
In 2024, Arendals Fossekompani reported EU Taxonomy-eligible OPEX of NOK 159.74 million,representing 80.6% of its total operating expenses (OPEX). Of this amount, NOK 22.82 million of Arendals Fossekompani's OPEX was classified as EU Taxonomy-aligned, indicating that 11.5% 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
Arendals Fossekompani's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Arendals Fossekompani's increased its spending in sustainable activities over time?
Since 2022, Arendals Fossekompani's taxonomy-aligned operating expenditure (OPEX)decreased by 54%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Arendals Fossekompani's taxonomy-aligned OPEX increased by 66.67%,highlighting Arendals Fossekompani'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 Arendals Fossekompani's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Arendals Fossekompani reported that NOK 159.74 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 80.6% of the company's total OPEX. Of this amount, NOK 22.82 million (11.5% of total OPEX) was classified as Taxonomy-aligned. This means that 69.1% of Arendals Fossekompani'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 Arendals Fossekompani's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Arendals Fossekompani reported that NOK 22.82 million of its OPEX was aligned under the EU Taxonomy, representing 11.5% of its total operational expenditure.a
This moderate level of alignment indicates that Arendals Fossekompani is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Arendals Fossekompani's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Arendals Fossekompani's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Arendals Fossekompani reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 11.5%
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 of Arendals Fossekompani's operational budget supports climate-related solutions?
In 2024, Arendals Fossekompani allocated NOK 22.78 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 11.5% of the company's total OPEX,indicating that Arendals Fossekompaniis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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