Optimizing portfolio companies

Continuously improving sustainability performance

02 Sustainability Optimizing Portfolio Companies

Our commitments

Crucial to our investments’ long-term success is a solid ESG framework, ensuring proper governance and compliance, a prosperous work environment, and a focus on contributing to the energy transition.

Key results 2022

1,614

Scope 1 GHG (tCO2 e)

2,447

Scope 2 GHG (location-based) (tCO2 e

3,394

Scope 3 GHG (tCO2 e)

How we work to integrate ESG

All investments are subject to an ESG onboarding process, which includes an initial materiality assessment and the identification of ESG focus areas for the company. Our companies are then integrated in our annual ESG assessment and reporting processes. We conduct climate risk assessment of all companies annually, and we will be screening our portfolio companies eligibility and alignment with the EU taxonomy each year moving forward.


  1. Acquisition of company
  2. ESG onboarding
  3. Identify material ESG topics and focus areas for the business
  4. Annual assessments and reporting processes
  5. Higher valuation through increased awareness and transparency on ESG issues

Ambitions and goals for 2023

We are an industrial investment company, supporting the energy transition. Together with our portfolio companies, we will provide green, enabling technologies to accelerate global efforts to meet the goals of the Paris Agreement.

1

Reducing absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030.

Reducing absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030.

Follow up on our commitment to the Science Based Targets Initiative.

2

EU taxonomy eligibility and alignment

EU taxonomy eligibility and alignment

Conduct an assessment of the portfolio’s alignment with the EU Taxonomy. Re-evaluate our eligibility.

3

Report according to the AFK Green Bond Framework

Report according to the AFK Green Bond Framework

AFK’s Green Bond Framework is aligned with the Green Bond Principles published by the International Capital Market Association (ICMA).

4

Update climate risk and materiality analyses

Update climate risk and materiality analyses