Received the 2023 Carnegie Sustainability Award
Since 2019 Carnegie has awarded companies for their sustainability work with the purpose of shining a light on sustainability metrics that create shareholder value and presenting good examples to inspire companies and investors.
This is the first time AF Gruppen has been awarded this prize. Other winners of this year's award are Novo Nordisk and Kempower. Carnegie states that the winners of the 2023 award are good examples of companies that are not only successful in integrating sustainability in their business model, but they have also shown a high ambition to make a positive impact and reduce their environmental footprint.
Beneficial business opportunities
Climate and environment is a separate initiative in AF's corporate strategy to reduce the company’s eco-footprint and be a leader in creating socially beneficial business opportunities. The goal is to halve greenhouse gas emissions and waste volumes that cannot be reused or recycled for the service types construction, building and demolition by 2030, taking into account turnover.
"Climate and the environment are an important part of our work when we clean up the past and build for the future. We know that our industry impacts the environment and it is our responsibility to ensure that the impact is as small as possible. The importance of good reporting and transparency is increasingly emphasised by investors, and it is a very nice recognition to be awarded this prize," says Eirik Wraal, EVP of AF Gruppen.
The jury's justification for the award to AF Gruppen
The construction sector contends with daunting sustainability challenges, such as emissions, waste generation and adverse biodiversity impacts. AF Gruppen is at the forefront of the industry with its sustainability work, having its own recycling and recovery centres. CO2 savings from its environmental centres and demolition activities correspond to ~150% of its own climate emissions. The company has ambitious sustainability targets and it leads the industry in recycling, with waste source separation rates of 88% in its construction operations, 90% in its rehabilitation business and 96% in its demolition business. This compares with the EU’s recycling target rate of 70% for construction and demolition waste, and the current EU average rate of 50%.
Contacts
Eirik WraalEVP Energy & Environment and Building Norway and Corporate Social Responsibility
Tel:+47 905 73 975Eirik.Wraal@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 6,000 employees and revenue reached NOK 30,5 billion in 2023. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
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Latest releases from AF Gruppen ASA
Building a hotel and office building in Drammen22.3.2024 13:56:45 CET | Press release
Strøm Gundersen AS, a company within AF Gruppen, has been selected as the contractor for two contracts for the construction of a hotel and an office building in Brakerøya, Drammen. Both contracts are turnkey contracts and have a combined value of NOK 516 million excluding VAT.
Foundation assignment for the New E8 in Troms22.3.2024 13:44:35 CET | Press release
Fundamentering AS (FAS), a company within AF Gruppen, has entered into a contract with Metrostav Norge AS for foundation work on the Ramfjord Bridge in Troms. The client is the Norwegian Public Roads Administration. The contract is valued at approximately NOK 100 million excluding VAT.
Building 77 apartments in Bergen13.3.2024 09:40:47 CET | Press release
LAB Entreprenør, a company within AF Gruppen, has entered into an agreement with Gjelsten Bolig (formerly known as Profier) for the residential project Sjøbodene in Sandviken, Bergen. The contract is a turnkey project with an estimated value of approximately NOK 285 million excluding VAT.
Building a Biogas Plant in Voss1.3.2024 15:07:09 CET | Press release
LAB Entreprenør AS, a company within the AF Gruppen, has been selected as the contractor by BIR AS (Bergensområdets Interkommunale Renovasjonsselskap) for the construction and infrastructure of a new biogas plant in Voss. The contract is a turnkey project with an estimated value of approximately NOK 120 million (excluding VAT).
Building 178 apartments in Bergen22.2.2024 12:00:32 CET | Press release
LAB Entreprenør AS, a company in AF Gruppen, has entered into an agreement with Sandsli Stasjon AS, a wholly-owned subsidiary of Nåbo AS (formerly Bonava), for the residential project Sandsli Stasjon in Sandsli, Bergen.
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