Bonheur ASA is a publicly traded Norwegian holding company headquartered in Oslo, established in 1897 and listed on the Oslo Stock Exchange since 1920. It focuses on long-term investments across renew... Bonheur ASA is a publicly traded Norwegian holding company headquartered in Oslo, established in 1897 and listed on the Oslo Stock Exchange since 1920. It focuses on long-term investments across renewable energy, wind service, cruise, and other sectors, reflecting a strategic shift from traditional shipping and offshore activities to sustainable energy solutions. The Renewable Energy segment, through Fred. Olsen Renewables AS, develops, constructs, and operates wind farms primarily in Scandinavia, the UK, and Ireland, with a portfolio including operational capacity and development projects in onshore and floating offshore wind. The Wind Service division, via Fred. Olsen Ocean Ltd., operates specialized jack-up vessels for transportation, installation, and maintenance of offshore wind turbines. The Cruise segment manages ocean cruise holidays through Fred. Olsen Cruise Lines Ltd., offering unique European and world itineraries. Other investments encompass a significant stake in NHST Media Group AS, publishing key industry titles like Dagens Næringsliv and Tradewinds, alongside real estate, drilling interests, and innovation ventures. Controlled by Fred. Olsen & Co., Bonheur ASA plays a pivotal role in Norway's maritime and green energy ecosystems, supporting the global transition to renewables.
In 2025, Bonheur 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.
Bonheur has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Bonheur 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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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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4.3 CCM/CCA - Electricity generation from wind power
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7.7 CCM/CCA - Acquisition and ownership of buildings
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2024
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2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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4.3 CCM/CCA - Electricity generation from wind power
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7.7 CCM/CCA - Acquisition and ownership of buildings
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2024
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2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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4.3 CCM/CCA - Electricity generation from wind power
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7.7 CCM/CCA - Acquisition and ownership of buildings
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Limited Data Preview
You are viewing a limited preview of Bonheur’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, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Bonheur’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 Bonheur’s data sources below and access millions more through our Disclosure Search.
a. Bonheur's Annual Report 2025
b. Bonheur's Annual Report 2024
c. Bonheur's Annual Report 2023
d. Bonheur's Sustainability Report 2022
Insights into Bonheur's Revenues from Sustainable Activities
In 2025, Bonheur reported EU Taxonomy-eligible revenues of NOK 10.39 billion, representing 83.15% of its total turnover. Of this amount, NOK 7.17 billion of Bonheur's revenues was classified as EU Taxonomy-aligned, indicating that 57.42% 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
Bonheur's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Bonheur's revenues become more sustainable over time?
Since 2022, Bonheur's taxonomy-aligned revenues decreased by 28.63%, indicating a long-term decline in environmentally sustainable revenue performance.a, d
Compared to the previous year (2024), Bonheur's taxonomy-aligned revenues decreased by 7.66%, suggesting that Bonheur may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.a, b
How much of Bonheur's revenue is eligible under the EU Taxonomy?
In 2025, Bonheur reported that NOK 10.39 billion of its revenue was eligible under the EU Taxonomy, representing 83.15% of the company's total turnover. Of this amount, NOK 7.17 billion (57.42% of total revenue) was classified as Taxonomy-aligned. This means that 25.73% of Bonheur'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 Bonheur's eligible revenue is aligned with the EU Taxonomy?
In 2025, Bonheur reported that NOK 7.17 billion of its revenue was aligned under the EU Taxonomy, representing 57.42% of its total turnover.a
This strong alignment suggests that Bonheur has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.
Bonheur's Eligibility & Alignment Overview
Bonheur's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Bonheur's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Bonheur reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 57.42%
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 Bonheur earn from selling climate-related solutions ?
In 2025, Bonheur reported that NOK 7.17 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 57.42% of the company's total revenue,indicating that Bonheurprimarily focuseson solutions that support climate action through its commercial activities.a
Insights into Bonheur's CAPEX from Sustainable Activities
In 2025, Bonheur reported EU Taxonomy-eligible CAPEX of NOK 2.04 billion,representing 90.11% of its total CAPEX. Of this amount, NOK 1.80 billion of Bonheur's CAPEX was classified as EU Taxonomy-aligned, indicating that 79.46% 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
Bonheur's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Bonheur's increased its investment in sustainable activities over time?
Since 2022, Bonheur's taxonomy-aligned capital expenditure (CAPEX)decreased by 13.99%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, d
Compared to the previous year (2024), Bonheur's taxonomy-aligned CAPEX increased by 5.05%,highlighting Bonheur's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Bonheur's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Bonheur reported that NOK 2.04 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 90.11% of the company's total CAPEX. Of this amount, NOK 1.80 billion (79.46% of total CAPEX) was classified as Taxonomy-aligned. This means that 10.65% of Bonheur'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 Bonheur's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Bonheur reported that NOK 1.80 billion of its CAPEX was aligned under the EU Taxonomy, representing 79.46% of its total capital investment.a
This strong alignment suggests that Bonheur is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Bonheur's Eligibility & Alignment Overview
Bonheur's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Bonheur's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Bonheur reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 79.46%
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 Bonheur is investing in climate-related solutions?
In 2025, Bonheur allocated NOK 1.80 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 79.46% of the company's total capital expenditure,indicating that Bonheuris prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Bonheur's OPEX from Sustainable Activities
In 2025, Bonheur reported EU Taxonomy-eligible OPEX of NOK 0,representing 0% of its total operating expenses (OPEX). Of this amount, NOK 0 of Bonheur'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
Bonheur's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Bonheur's increased its spending in sustainable activities over time?
Since 2022, Bonheur's taxonomy-aligned operating expenditure (OPEX)decreased by 100%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, d
Compared to the previous year (2024), Bonheur's taxonomy-aligned OPEX decreased by 100%, suggesting that Bonheur may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
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