Sustainability is at the core of our business. Within the offshore wind industry, we aim to be a frontrunner on environmental, social and governance (ESG) performance.
We are strongly committed to developing a sustainable offshore wind industry and value chain in co-existence with the marine environment and other users of the sea.
As a young company, Vårgrønn has taken the first important steps to build our ESG approach. We established our first ESG strategy in 2022.
We work to contribute positively to the UN Sustainable Development Goals. Vårgrønn is a signatory to the UN Global Compact, committing to their ten principles on human rights, labour, environment, and anti-corruption in all our business activities and processes.
Our reporting on ESG is integrated into our annual report (forthcoming). We report with reference to the GRI reporting standard.
Protecting the environment is core to what we do at Vårgrønn. We aim to maximise the positive impacts of our business, while minimising any negative impact.
We work to become one of the first offshore wind players that are nature-positive in our operational projects across all markets.
We positively contribute to reduce global emissions through developing renewable energy for decarbonisation and support the global Paris Agreement target of limiting global heating to 1.5 degrees Celsius. We are striving to become a net zero company and reduce more emissions than we produce.
Vårgrønn aim to maximise circularity in our value chain by preventing and reducing waste, and optimising, reusing and recycling materials and products
Our main environmental footprint as an offshore wind company arises from our supply chain, and we are committed to set requirements and engage with our suppliers in order to reach our environmental ambitions.
Human rights, labour rights and safety are our top priorities. We will contribute to building a green industry and new jobs that secure the health, safety and rights of people and communities. Our approach to developing offshore wind includes early dialogue with other users of the seas. We extend our social expectations to our supply chain partners.
We strive for zero harm to all our employees and contractors and ensure the well-being of our employees.
We are committed to respect and support internationally recognised Human Rights in our own operations, our supply chain and other business relationships and seek to avoid complicity in human rights violations.
We create value for a more sustainable future by developing green jobs and industry in all markets we operate in.
We engage in early dialogue and measures to facilitate coexistence with other industries and users of the sea.
We are building a diverse organisation that secures equality and inclusion.
We are committed to corporate governance that embody our core value of being responsible. We have established robust processes and are building a corporate culture of ethical behaviour. We act with integrity and are accountable for our decisions and actions.
We will promote a high ethical business culture in our organisation and towards our business partners.
We have zero tolerance of corruption in our organisation and throughout our supply chain.
We will ensure fit for purpose risk management processes enabling identification of risks and opportunities and risk-based decision making.
We will provide accurate and timely information to our stakeholders on relevant matters.
We will minimise the risks of IT security incidents, insufficient data handling and breaches that can cause loss of integrity and critical information.