Environment, Social, Governance

Arendals Fossekompani is the result of sustainable choices through generations.

For more than 100 years, we have produced hydropower which has been used to build Norwegian industry and Norwegian communities. The know-how, capital and engineering skills related to the production of hydropower have laid the foundation for Arendals Fossekompani to successfully own energy and technology related companies that help build a greener tomorrow.

We continue to produce clean energy, but our contribution to the environment goes beyond the production of hydropower. Our companies help customers utilize their resources in a more sustainable way, and they provide technology, systems and solutions that make energy from renewable sources increasingly accessible and usable.

By developing sustainable products and services, we ensure long-term value creation for shareholders, employees and society.

The green transition is often referred to as a megatrend. For Arendals Fossekompani, it is not a megatrend. It is where we come from and who we are. At Arendals Fossekompani, we honor a proud heritage based on the belief that natural resources also belong to future generations.

THE UN SUSTAINABLE DEVELOPMENT GOALS
Arendals Fossekompani is in the process of making our sustainability and social responsibility efforts more transparent and known. Based on several generations of renewable energy production and sustainable solutions, we are committed to showcasing our contribution to the UN Sustainable Development Goals.

The UN Sustainable Development Goals consist of 17 main goals with a number of sub-goals. Some companies find many goals, even all of them, to be relevant. Arendals Fossekompani has chosen to focus on a few SDGs that are particularly relevant to the majority of our companies, and where we can most clearly make a difference.

SUSTAINABLE DEVELOPMENT GOAL 7: CLEAN, AFFORDABLE ENERGY
Clean energy is closely linked to Arendals Fossekompani’s historical role and the companies we invest in. The goal of access to reliable, sustainable and modern energy at an affordable price for everyone is at our backbone. We contribute by producing clean energy, and by helping other energy producers get the most out of their resources.

SUSTAINABLE DEVELOPMENT GOAL 9: INDUSTRY, INNOVATION, INFRASTRUCTURE
Our story is also about industry, innovation and infrastructure. We built infrastructure for power production and distribution more than 100 years ago. And we have played an important role in an early process that triggered the building of Norwegian industries. Today, we are a global supplier of technology, systems and solutions for electrical infrastructure, for roads and for the construction sector.

SUSTAINABLE DEVELOPMENT GOALS 5 AND 8
For our traditional production unit for hydropower, and real estate projects, such as Gullknapp Aerial Center and Bryggebyen, we will also prioritize measures and reporting related to SDG 5: Gender equality and SDG 8: Decent work and economic growth. These goals are in accordance with our values ​​and our way of working.