Environmental management in Statkraft

Environmental management is an integrated part of Statkraft's management system and covers all business units and activities. The environmental management system shall ensure a systematic approach to the environmental work, with key activities being identification of environmental risk, establishment of goals and action plans, implementation of measures and follow-up of results.

Statkraft's environmental management system is based on the principles of ISO 14001:2004. Statkraft's contractors are also subject to the Group’s environmental requirements, and these are therefore incorporated in all contracts where relevant. 

The Group's development projects are planned and implemented in line with good international practice and the work is based on the IFCs Performance Standards on Environmental & Social Sustainability. In accordance with these standards, Statkraft sets requirements relating to comprehensive impact analyses and environmental follow-up plans which are updated throughout the project process. These documents are published on the projects' websites and thereby made available to external stakeholders.

External assessment of environmental performance

Statkraft’s environment KPI on the Group's score card consisted of an environmental assessment prepared by an external rating agency (Oekom Research AG). The assessment includes a broad set of criteria covering environmental management, power production and energy efficiency, and provides an understanding of how the world around us rates our efforts and in which areas we should aim to improve. The use of a rating agency also makes it possible to compare with other companies, both in our own and other industries.

The 2015 assessment resulted in the rating B+, which corresponds to good international practice in the Oekom Corporate Rating.

Cooperation agreements

Statkraft has entered into strategic partnership agreements with the three environmental organisations Norwegian Society for the Conservation of Nature, Bellona and WWF. The overall purpose of the agreements is to benefit from each other's expertise and develop the best energy solutions.