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 standards such as the UN Global Compact and IFC's Performance Standards on Environmental & Social Sustainability.

Statkraft's fundamental principles for sustainable, ethical and socially responsible behaviour 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 management system facilitates a structured and uniform handling of the Group's corporate responsibility, and the system is regularly evaluated to tailor it to new environments, surroundings and challenges.

The construction of the Cheves Hydropower Project in Peru is in its final stages. Involving local society in the planning of the project has been important in order to create local acceptance and involvement.

Climate and the environment

Statkraft's environmental ambition is to offer renewable, sustainable and robust climate energy solutions. Close to 99% of the Group's power and district heating production in 2014 was based on renewable energy sources, and new investments in the Group are now exclusively made within renewable energy. However, renewable power generation also affects the environment. Environmental impact assessments are included in all relevant business activities, and our goal is always to find environmentally responsible solutions.

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

Health and safety

In Statkraft, health and safety has the highest priority, everywhere and always. The goal is zero work-related injuries. In an effort to reach this goal, the Group works systematically to establish a safety culture based on transparency and a desire to continuously improve as regards planning and executing activities in a safe manner. The Group's management and follow-up of health and safety are based on the requirements in the OHSAS 18001 standard and international good practice.

All accidents and near-misses with a serious damage potential are investigated in a structured manner, with the intention to share experience across the organisation.


Statkraft is goal-oriented in conditions relating to security, preparedness and crisis management. In Statkraft, the umbrella term 'security' encompasses four areas; personnel security, physical security, IT system security and information security.

In 2014, we identified improvement areas and measures which will ensure that Statkraft is on a par with good international practice as regards various security topics.

Human rights

Statkraft is present in parts of the world where human rights conformance can be difficult, and this is something the Group takes seriously. The UN’s Guiding Principles on Business and Human Rights have been taken into consideration in Statkraft’s management system and project management tools.  

Ethics and anti-corruption

Statkraft has committed to a high ethical standard and business culture, with zero tolerance for corruption. Statkraft is present in an increasing number of markets exposed to corruption. We therefore greatly emphasise safeguarding a good internal business culture and developing robust anti-corruption measures.

A new phase of Statkraft’s anti-corruption programme was approved and initiated in 2014. This program e.g. includes risk assessment and a mapping of needs in each business area.

Social impact

As a power producer, we have a very 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.