Aker, an industrial investment company, is committed and is taking steps to reduce its carbon emissions. Aker has disclosed its Scope 1, 2, and 3 greenhouse gas (GHG) emissions, as well as other relevant metrics, in its TCFD Disclosure and Sustainability Report. In terms of carbon emissions trends, in 2022 Aker's equity share of Scope 1 emissions is 514,958 tCO₂e, while Scope 2 emissions are 61,257 tCO₂e. The company's Scope 3 emissions amount to 15,041,210 tCO₂e. Aker is actively working to mitigate these emissions and track progress. It uses metrics such as total portfolio energy consumption and revenue-based carbon intensity to monitor emissions reduction.

Aker has already made substantial investments in renewable energy and green technologies as part of its portfolio diversification. The company has allocated a significant share of its capital towards renewables and green technologies in the past three years, with an average of 17% of total capital deployed. Additionally, Aker uses an internal carbon price to evaluate business cases and investments, further emphasizing its commitment to emission reduction.

Looking ahead, Aker expects its portfolio companies to set climate and emissions reduction targets. By 2025, the company aims to have all portfolio companies set such targets. Aker also plans to evaluate the feasibility of including more specific targets related to portfolio weighted Scope 1 and 2 emissions. Ultimately, the company expects its portfolio companies to strive for a net-zero or near-net-zero ambition by 2050 and has an interim target for 50% reduction in emissions by 2030.

In conclusion, Aker is actively working and has taken significant steps to reduce its carbon emissions. The company has disclosed its emissions and is tracking progress using various metrics. Aker's investments in renewable energy and green technologies demonstrate its commitment to portfolio diversification and emission reduction. By setting ambitious targets and encouraging its portfolio companies to do the same, Aker aims to align its business activities with the goals of the Paris Agreement and contribute to a sustainable future.

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