Corporate Responsibility in Statkraft

Our ambition is to be an industry leader in corporate responsibility. Our plants and projects shall create added value for local communities where we are active, and we aim to minimise the negative effects of our activities.

In order to succeed, we must work in a structured and systematic manner on all issues relating to corporate responsibility and integrate this work in all relevant processes in the company, such as purchasing, acquisitions, project development and plant operation.

Our corporate responsibility work is founded on internationally recognised initiatives and guidelines such as the UN Global Compact and IFC's Performance Standards on Environmental & Social Sustainability.

Statkraft's fundamental requirements for acting in a sustainable, ethical and socially responsible manner are described in Statkraft's Code of Conduct. The Code of Conduct applies to all companies and employees in the Statkraft Group. Further follow-up of Statkraft's corporate responsibility is an integrated part of Statkraft’s management system, The Statkraft Way. The management system facilitates a focused and structured handling of the company's corporate responsibility, and the system is regularly updated to include new requirements and challenges.

The construction of the Devoll Hydropower Project in Albania is underway and now has more than 30 employees engaged in environmental and social issues. The picture shows the construction of the Banjë dam with the associated access road.

Health and safety

In Statkraft, health and safety has the highest priority, everywhere and always. The goal is zero work-related injuries. To reach this goal, we are working systematically to establish a safety culture based on transparency and a desire to achieve continuous improvement as regards planning, execution and follow-up of health and safety activities. Accidents, near-misses and hazardous conditions are recorded and followed up, and we facilitate sharing of lessons learned and experiences across the organisation.

In order to strengthen the health and safety work, an annual self-evaluation was introduced in all business units in 2013. The self-evaluation covers areas such as risk areas, performance and measures in relation to established requirements.

Security

Statkraft’s security work is coordinated and structured, and we aim to achieve international best practice. The umbrella term security covers four areas: personnel security, physical security, ICT security and information security. The security situation, as regards e.g. political instability and terrorism, is assessed continuously in the areas where Statkraft has a presence.

In 2013, Statkraft established a comprehensive project to identify improvement areas and specific improvement measures in relation to security.

Climate and the environment

Statkraft mainly produces renewable energy without emissions of greenhouse gases and thereby contributes to address climate change. However, renewable power generation also affects the environment. Environmental impact assessments are included in all relevant business activities, and our goal is to find sustainable and environmentally responsible solutions.

Statkraft established a climate research programme in 2013. The climate programme includes obtaining updated climate forecasts and facilitate unified handling of climate challenges in the Group.

Ethics and anti-corruption

Statkraft has committed to a high ethical standard and business culture, with zero tolerance for corruption. At the same time, we are present in markets where there is a great risk of encountering corruption challenges.

Statkraft works continuously to strengthen the Group's anti-corruption work. Examples of measures include various forms of training, tools for assistance in ethically challenging situations and background checks of relevant partners.

Human rights

Statkraft is present in parts of the world where human rights follow-up can be challenging. This is a topic taken seriously by the Group, and Statkraft actively promotes respect for human rights in all parts of its business.

Follow-up of human rights is addressed several times in the company's management system, including a requirement for follow-up of human rights to be a standardised element in Statkraft’s contracts.

Social impact

As a power producer, we have a long-term perspective, which emphasises the need to develop sustainable solutions. We will succeed best by maintaining an open dialogue with local communities and other stakeholders, and we facilitate such dialogue and interaction in all project development and operations.