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
For Aker ASA, sustainability reporting is in a transition phase being in the process of preparing to report under the Corporate Sustainability Reporting Directive (“CSRD”). Although the Sustainability statement for the 2023 financial year accords with the required structure for the 2024 financial year onwards, its content does not meet all the requirements under the CSRD. The EU Taxonomy regulation applies to Aker ASA for the current financial year, whereas the CSRD will go into effect from the financial year commencing 1 January 2024. Until the CSRD comes into force, the reference for Aker ASA’s sustainability reporting has been the 2021 Global Reporting Initiative (“GRI”) Standard as well as the World Economic Forum's (“WEF”) Stakeholder Capitalism Metrics, the UN Sustainable Development Goals (“SDGs”), and the Sustainability Accounting Standards Board (“SASB”). The WEF’s metrics built on the SDGs have served as an overarching framework for Aker ASA’s sustainability reporting. GRI and SASB standards have provided the basis for a different approach to materiality, and a way to reach all relevant stakeholders. As a reflection of its climate-related risks and opportunities management, Aker ASA has also reported according to the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Aker ASA also report in accordance with TCFD in the 2023 report, see Appendix A2 in the 2023 Annual Report. The Sustainable Finance Disclosure Regulation and its Principal Adverse Impact Indicators are not applicable to Aker ASA. Nevertheless, Aker ASA chooses to report on its core indicators, as a matter of good practice, because it is relevant to many of Aker ASA’s shareholders. Aker ASA’s reporting on these indicators can be found in Appendix A3 in the 2023 Annual Report, and details for these metrics can be found in Appendix A1 in the 2023 Annual Report.