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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.

Our ESG risk research of Helgeland Kraft

Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Helgeland Kraft 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 Helgeland Kraft. We have published a 33 pages ESG research report on Helgeland Kraft 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 Helgeland Kraft.

More about our ESG risk research here:


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 Helgeland Kraft 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 Helgeland Kraft:
60-80 of 100 Low risk
41.83 %
Social RISK RATING* and WEIGHT** for Helgeland Kraft:
40-60 of 100 – Middle risk
27.76 %
Governance RISK RATING* and WEIGHT** for Helgeland Kraft:
60-80 of 100 – Low risk
30.39 %
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.

Are you interested in the ESG research and ESG rating?

If you are interested in the ESG risk research and ESG risk rating of Helgeland Kraft, contact us at sustainAX!

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