Annual Report and Sustainability Report 2019

SUSTAINABILITY

About the Sustainability Report

The report covers 2019, and addresses topics of importance to us and our stakeholders. Any significant events from 1 January 2020 to 19 March 2020 will also be mentioned. All figures are related to the 2019 financial year.

Changes to the reporting platform since the preceding report

KONGSBERG acquired and integrated Rolls-Royce Commercial Marine and Kongsberg Aviation Maintenance Services (KAMS) (previously AIM Norway) in 2019. We have added around 3,900 employees to our organisation and increased our operating revenues by around MNOK 10,000. These developments are reflected throughout the organisation, including in the reporting basis for sustainability. This means that the information for 2019 is not directly comparable with previous years, although we have attempted to explain major changes, e.g. in our climate statement.

Limitations of the report

The report deals only with companies in which KONGSBERG owns 50 per cent or more. The environmental data includes all of our Norwegian units, as well as all our manufacturing units all over the world and the largest offices outside of Norway.

The information in the report is based on data obtained from different parts of the Group. Although importance is attached to ensuring that the data is complete and correct, some of the information will be based on estimates.

Our process to define the content

We periodically carry out materiality assessments, most recently in autumn 2019. For more details of this, see “Sustainability strategy and priority”.

When carrying out the materiality assessment, we take into account what our key stakeholders are concerned about in our dialogue with them. This includes our owners, investors and lenders, our employees, customers, suppliers, and regulatory and local authorities in the areas in which we are active.

The content of the report is largely defined based on what we have called “Focus areas”, where each area of focus includes an overview of goals and activities. These are approved by the Corporate Executive Management and the Board.

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