Helgeland Kraft – ESG risk research and ESG rating

We at sustainAX have ESG risk researched and ESG risk rated Helgeland Kraft and our clients can access the reseach on their Bloomberg terminals.

Helgeland Kraft is in the materiality based sector of UTILITIES.

What the company say about themselves:

Helgeland Kraft produces renewable energy and develops power grids for the whole of Helgeland. We sell electricity to households and businesses throughout the country. - Helgeland Kraft Vannkraft AS is responsible for the development and operation of power production in 16 power plants in Helgeland - The grid company manages lines of 8,000 kilometres, which corresponds to 3.5 times the length of Norway. 45,500 customers are supplied with electricity from Helgeland Kraft Nett. A total of 6.5 TWh of power is distributed in its own grid. - Helgeland Kraft Strøm AS is Helgeland's largest electricity company and has over 90% of Helgeland's household customers. In addition, the company has 35% turnover outside Helgeland. -The parent company Helgeland Kraft AS has investments in some other companies, where the majority of the investments are long-term investments related to the core business. The company has an ownership stake of 40% in Mo Fjernvarme AS, which has operated very profitably for many years and makes a good profit contribution. Furthermore, the company has a 26.8% stake in Fiber Norway AS, which has had relatively little activity to date.

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