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Lyse – ESG risk research and ESG rating
We at sustainAX have ESG risk researched and ESG risk rated Lyse and our clients can access the reseach on their Bloomberg terminals.
Lyse is in the materiality based sector of UTILITIES.
Our ESG risk research of Lyse
Our approach to ESG research is fundamental, that means that we have studied all relevant publications by Lyse 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 Lyse. We have published a 33 pages ESG research report on Lyse 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 Lyse.
More about our ESG risk research here: https://www.sustainax.com/index.php/esg-research/
AGGREGATED ESG RISK RATING* for Lyse:
40-60 of 100
Middle 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 Lyse 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 Lyse:
40-60 of 100 – Middle risk
44%
Social RISK RATING* and WEIGHT** for Lyse:
20-40 of 100 – High risk
27%
Governance RISK RATING* and WEIGHT** for Lyse:
60-80 of 100 – Low risk
30%
What the company say about themselves:
Lyse is a Norwegian energy and telecom group. The company is a significant national player in renewable and regulated hydropower. Lyse has long been a driving force behind the development of robust digital infrastructure. Through a nationwide partnership, the group delivers broadband and entertainment services to a significant proportion of the population, and we are building Norway's third 5G mobile network. The telecom services are delivered through the national product brands Altibox, Ice and NiceMobil. Regionally in South Rogaland, Lyse has developed the country's most diversified and complete infrastructure for electricity, bio and natural gas, district heating and cooling, as well as fiber broadband. As a national telecommunications player, the group owns a nationwide fiber and mobile network for 4G/5G, and has ownership interests in several submarine fiber cables to abroad that ensure good digital connections in and out of Norway. Good availability and high delivery reliability are prioritized. - The Altibox partnership continued its growth in 2023, and at the end of 2023, Lyse's wholly-owned subsidiary Altibox delivered broadband and entertainment services to 868,321 customers, a growth of 39,440 compared to the end of 2022. The Altibox partnership maintains its position as Norway's largest supplier of both fixed internet and television distribution services. - The wholly owned subsidiary Ice had good customer growth in 2023. At the end of 2023, Ice had 882,075 mobile customers, a growth of 124,770 compared to the end of 2022.
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