Our approach to Sustainability
Aker has a long tradition of being a responsible enterprise and owner of companies. This cornerstone of Aker's business model is reflected in the success of both Aker ASA itself and the Aker Group.
Aker ASA considers Environmental, Social and Governance (“ESG”) impacts throughout the investment and business decision-making processes.
Aker’s ambition is to ensure that Aker Group represent profitable, safe, and sustainable operations. Aker contributes to the development of companies by using its shareholder influence. By integrating sustainability impacts, risks and opportunities in operations and business decisions, Aker makes companies resilient and more successful, and enables long-term value creation
Read more about our commitments to sustainability considerations in our Annual Report 2023. Download at the bottom of this web page.
We put our focus where we can make the biggest difference
4: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5: Achieve gender equality and empower all women and girls
7: Ensure access to affordable, reliable, and modern energy for all
8: Promote sustainable economic growth, full and productive employment and decent work for all
9: Build
resilient infrastructure, promote inclusive and sustainable industrialization
and foster innovation
10: Reduce inequality within and among countries
13: Take urgent action to combat climate change and its impacts
14: Conserve and sustainably use the oceans, seas, and marine resources for sustainable development
15: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
Aker recognizes and respects the importance of the United Nations’ (UN) 17 Sustainable Development Goals (SDGs) and is a strong supporter of their implementation. Based on Aker’s business activities, ten goals have been identified where we can positively impact and actively contribute to the achievement of the SDGs.
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Our reporting
At the 2020 World Economic Forum (WEF) Annual Meeting in Davos, Aker, alongside 120 of the world’s largest companies, committed to efforts to develop a core set of common metrics for sustainable value creation. As a supporter of WEF’s Stakeholder Capitalism Metrics, Aker uses them to report on its own performance and the performance of its portfolio companies. The core and expanded set of Stakeholder Capitalism Metrics and disclosures developed by WEF can be used by companies to align their mainstream reporting on performance with environmental, social and governance (ESG) indicators, and track their contributions towards the Sustainable Development Goals on a consistent basis. The metrics are deliberately based on existing standards, with the near-term objectives of accelerating convergence among the leading standard-setters and bringing greater comparability and consistency to the reporting of ESG disclosures. The 23 metrics include specific disclosure on governance, planet, people and prosperity.
This Sustainability Reporting are based on the World Economic Forum's (WEF) Stakeholder Capitalism Metrics and further prepared in accordance with the Global Reporting Initiative (GRI) Standards. The report covers material ESG impacts and the management approach of Aker and its investments. The report also includes climate risk reporting based on the TCFD reporting framework, where Aker especially considers the climate-related risks and opportunities of the business. Aker uses a third party for independent assurance of our GHG emissions accounts.
Aker ASA Rated B+ for its Sustainability Reporting
In September 2023, several Aker companies received a top grade in Position Green’s evaluation of environmental, social, and corporate governance (ESG) reporting of the 100 largest companies on the Oslo Stock Exchange.
Aker ASA was rated B+ in the evaluation of its 2022 Sustainability Report, while Aker Horizons, Aker Solutions, Aker Carbon Capture, and Aker BP received an A+. To achieve a top mark, the company must communicate concrete targets for each sustainability theme and the targets to be linked to business strategy, risk and performance.
In the Aker ASA Sustainability Report for 2022 (scroll down to download), you can read in depth about how sustainability is addressed at Aker, our progress and resultsFor more information about ESG 100 Report, go to www.positiongreen.com/advisory/esg100/.