Society

Statkraft wants to be a positive contributor in the communities where we are. By contributing to long-term and reliable supply of energy, Statkraft stimulates sustainable local economic development.

Statkraft contributes to the growth and economic development of the countries where it operates.  Its production has an impact on the human and natural environment where it develops or operates its projects.  As a consequence, the way it conducts itself is of paramount importance.  Within this context, the company has implemented a corporate responsibility strategy to contribute to the sustainable development of villages within the area of direct influence of its operations and projects, and to the environmental care and fight against the climate change.

Our responsibility and our principles

In Statkraft, we view corporate responsibility as a natural part of our core activities, and the key to a successful sustainable business. We are convinced that renewable energy is essential to achieve low-carbon consumption in the future, and we are proud of our contribution to curb climate change.

We realise that our success as a company within renewable energy depends on active support from the society, as well as the enthusiastic commitment of our employees and partners. This means that we must react to the concerns expressed by our stakeholders, regardless of whether we are talking about the social, environmental or economic effects of our activities. We must create a workplace that is safe, healthy and inspiring, and we must do our utmost to ensure that all our employees cultivate sound business ethics.

Stakeholder dialogue

Statkraft wants to have an open and ongoing dialogue with everyone who has an interest in the company, whether they be customers, owners, potential employees, environmental organisations or people who are otherwise directly affected by our activities.

We prioritise this dialogue and strive to carry out our activities in concert with people and the natural environment, rather than at their expense. Developing a good relationship with the large and varied group of stakeholders is therefore important to ensure Statkraft’s success in the many different environments in which we operate.
As part of this process, Statkraft has procedures in place to handle human rights risks in our activities. This is integrated in our business processes through procedures for risk assessment, background checks, consequence analyses and dialogue with our stakeholders.

Local influence

While development of renewable energy entails substantial developmental and climate benefits, it is necessarily accompanied by local costs, both for people and nature. To minimise these costs, Statkraft works continuously on measures to ensure that the people and natural assets that are affected are left in a condition that is as good as or better than the condition before the disruption took place.

We use several tools to do this job. The International Finance Corporation’s Performance Standards on Social and Environmental Sustainability is one good tool. The work also includes carrying out preparatory studies (Social and Environmental Impact Assessments) for each project, and we devote substantial resources to R&D to improve our understanding of the environment in which we operate.

We want to carry out a positive and open dialogue with all stakeholders, and we work to develop the company in a manner that adds value, not just for our shareholders, but also for the local communities where our activities take place. This work requires a long-term commitment and a good understanding of local cultures and environments, both in Norway and abroad.