Arendals Fossekompani's EU Taxonomy reporting process with Factlines

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Arendals Fossekompani is an industrial investment company that combines industrial, technological, and capital markets expertise to identify and develop opportunities for sustainable value creation.

HQ locations: Arendal (Norway)
Size: >1000 employees


  • The EU Taxonomy law requires investments to contribute to one of its six environmental objectives. Given the relevance of its investments, Arendals Fossekompani voluntarily reported to the EU Taxonomy in 2023 and 2024 to ensure alignment with legal requirements and drive long-term value creation for society.
  • Arendals Fossekompani faced challenges due to the complexity of the EU Taxonomy requirements, which required a high level of familiarity with the law and detailed information across the diverse business activities represented by its portfolio companies.
  • Managing EU Taxonomy reporting for Arendals Fossekompani's nine portfolio companies required significant coordination among various teams, including those led by the Chief Sustainability Officer (CSO) and Chief Financial Officer (CFO). The process of reporting eligible or aligned activities across the portfolio companies and keeping all key stakeholders updated on the progress has been challenging over the initial reporting steps.
  • The first-year EU Taxonomy report relied heavily on consultancy, which involved numerous meetings and an extensive use of impractical and non-auditable Excel spreadsheets. The first report highlighted the importance of using digital tools to maintain knowledge within the team and reduce the time spent on EU Taxonomy reporting.


  • The Factlines solution streamlined the data collection process across all portfolio companies. All portfolio companies followed the same workflow and software to input data related to their company assessments. This enhancement made collaboration between Arendals Fossekompani and all the portfolio companies easier to cover, including minimum safeguards and principal adverse impacts (PAIs) and evaluating business activities.
  • The software simplified inputting and storing data about several activities and financial KPIs, enabling more efficient documentation and aggregation of reporting results. With that in place, the reporting process became auditable and more accessible to access for future reporting processes.
  • Factlines allowed key stakeholders from all levels of the organisation to access, update, and manage data collaboratively, ensuring consistency and transparency across all reporting channels.


  • Implementing the Factlines solution across all portfolio companies enabled all stakeholders to collaborate effectively and uniformly align the reporting process.
  • Although the initial documentation was challenging, the comprehensive data capture facilitated by Factlines is expected to simplify reporting in the following years, enhancing the ability to extract insights and refine corporate strategies related to the social and sustainable impact of invested companies in society.
  • By leveraging digital tools such as Factlines, Arendals Fossekompani has successfully streamlined the reporting process, making it more accurate, efficient, and auditable.

Setting a benchmark for EU Taxonomy reporting

Arendals Fossekompani's adoption of Factlines represents a transformative step in handling ESG reporting. By addressing the initial challenges through digital solutions, Arendals Fossekompani has improved its internal processes and set a benchmark for robust, transparent, and efficient sustainability reporting in line with EU regulations for the following years.

This approach significantly contributes to their investments' strategic alignment and compliance, fostering a sustainable business model prepared for future challenges and opportunities.

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