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Glitre Energi – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Glitre Energi and our clients can access the reseach on their Bloomberg terminals.
Glitre Energi is in the materiality based sector of UTILITIES.
Our ESG risk research of Glitre Energi
Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Glitre Energi and combined this with fundamental understanding of ESG challenges and risks of different activities and for the UTILITIES sector. This makes us well placed to estimate the ESG risks of Glitre Energi. We have published a 33 pages ESG research report on Glitre Energi with a conclusion highlighting the most important residual risks, a section suggesting how it should be integrated in investment decisions and a list of all the questions we think should be asked to Glitre Energi.
More about our ESG risk research here: https://www.sustainax.com/index.php/esg-research/
AGGREGATED ESG RISK RATING* for Glitre Energi:
60-80 of 100
Low risk
Where 100 is the lowest ESG risk and 0 is the highest risk.
*The ESG, E, S and G risk rating ranges indicate to what degree Glitre Energi has addressed and mitigated their material ESG risks according to the sustainAX materiality matrix. sustainAX’ clients have access to the exact ESG risk rating.
**The weight in the aggregated ESG rating
Environmental RISK RATING* and WEIGHT** for Glitre Energi:
80-100 of 100 – Very Low risk
41.83 %
Social RISK RATING* and WEIGHT** for Glitre Energi:
60-80 of 100 – Low risk
27.76 %
Governance RISK RATING* and WEIGHT** for Glitre Energi:
60-80 of 100 – Low risk
30.39 %
About the company:
The group's operations include the production, distribution and sale of energy, as well as energy-related services. In addition, the group has contracting and fiber activities through affiliated companies. Glitre Energi's overall objective is to create great value locally, take environmental responsibility and be a driving force for an all-electric society. - Glitre Energi Produksjon has 13 wholly-owned power stations, as well as direct and indirect ownership of a further ten. Operating responsibility is for power plants in the Numedalsvassdraget, Hallingdalsvassdraget, Begnavassdraget and Randselva between Randsfjorden and Tyrifjorden. Normal production is 2.6 TWh, corresponding to approximately two percent of Norway's power production. - The grid company has ownership of approx. 80 percent of the regional network in Buskerud, and some smaller regional network facilities in the counties of Vestfold, Oppland and Hordaland. In addition, the network company has ownership of the distribution network in the municipalities of Drammen, Kongsberg, Nedre Eiker, Lier, Gran, Jevnaker, Lunner, and the town of Finse and supplies electricity to almost 95,000 customers - or 170,000 people in Nedre Buskerud and on Hadeland.
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