Annual Report and Sustainability Report 2019

SUSTAINABILITY

An integral part of KONGSBERG’s business strategy

Climate and environment

Sustainability and consideration for climate and the environment form an integral part of KONGSBERG’s business strategy. We are developing innovative products and solutions for our customers which reduce greenhouse gas emissions, particularly within “Green Shipping” with the development of autonomous vessels, hybrid solutions and electric ferries. We are developing technology through collaboration and the use of “cross-over” technology between our business areas within defence, maritime and digital. We are contributing through collaboration in order to reduce harmful impacts on the oceans via management systems for fish farms, monitoring of marine areas for illegal fishing, plastic in the oceans, port monitoring, fishing quotas, trawler management, etc.

We are monitoring our own production facilities and preparing climate and environmental accounts which give an overview of our energy consumption, CO2 emissions and waste management.

We are aiming to cut our own CO2 emissions by 20 per cent by the end of 2020, based on the figures for 2015. We acknowledge that it is unlikely we will achieve our goal. The Group's emissions measured in absolute terms are more or less the same for 2019 as in 2015, excluding acquired companies. Emissions measured relative to turnover for the Group also remained stable during the period 2015-2019, excluding acquired companies.

During 2020, we will set new goals for the period through to 2030. In 2019, we carried out a pilot project concerning use of the “Science Based Target” methodology in one of our divisions in the defence business. The aim is to increase our internal expertise and provide us with a basis for evaluating whether the methodology is suitable for identifying effective goals for reducing greenhouse gas emissions within our value chain. We will also continue our efforts to further develop climate requirements in our internal operations, for our suppliers, climate-friendly logistics, the circular economy and climate-friendly buildings.

We are monitoring our own production facilities and preparing climate and environmental accounts which give an overview of our energy consumption, CO2 emissions and waste management. Read more about the climate and environmental accounts that cover all Norwegian units, all production units and major offices abroad. The key figures also include a presentation of the results within the fields of value creation, employee relations and health and safety, in addition to climate and the environment.

In 2020, KONGSBERG will continue to analyse our climate risk and opportunities, based on the Task Force for Climate-related Financial Disclosures (TCFD).

All our business areas are certified in accordance with ISO 14001 Environmental Management, and we are continuing the work of developing a circular economy in our operations. One example is the circular economy in our division for land-based systems in KDA, which offers solutions and services throughout the life-cycle of its products, ensuring they have a longer lifespan and giving customers the opportunity to return products when they have finished using them. With this initiative, we are helping to reduce waste when systems become outdated, and making it possible to secure components for reuse and resale.

We will continue our efforts to enhance internal expertise, tools and processes for analysis and reporting. For the years 2015, 2016 and 2017, we submitted reports to the Carbon Disclosure Project (CDP), achieving Category E, B and C respectively. During these years, we encountered little interest among our stakeholders for these reports because we had a low internal CO2 footprint. We therefore decided not to continue submitting them. We are now seeing an increase in the level of interest in CDP generally and the method has been developed further; we intend to start submitting reports to CDP again from 2020 onwards.

Making a difference through the UN Action Platform on Sustainable Ocean Business

Making a difference through the UN Action Platform on Sustainable Ocean Business

KONGSBERG deeply share the concerns of the future of the ocean health. Dying oceans represent a high risk for our planet, for people, species and the global economy. We have been engaged in this issue for decades, trying to understand the changes, the consequences and how we can be part of the solution.

Two years ago, we joined the Action Platform, where leading actors from business, academia and Government institutions convene to determine how ocean industries can advance progress towards the Sustainable Development Goals. The work of the platform also builds upon the Ten Principles of the UN Global Compact, which outline business responsibilities in the areas of human rights, labour, environment and anti-corruption. We see cooperation as crucial to succeed; only together we can truly turn these challenges into opportunities.

We believe the Ocean Principles should be used as a common foundation for all companies to start disclosing their impact on the ocean and improve their corporate strategies accordingly. Together we need to identify how we can put business at work delivering healthy and productive oceans - with traceable seafood, green shipping, renewable energy, ocean data sharing and clean waters without waste. Together we must define what it means to be stewards of the ocean.

Next on the agenda is UN Ocean Conference in Lisbon in June 2020. This conference will mark a major milestone for the private sector to show its commitment to this important work. Our CEO, Geir Håøy will be speaking and advocating for extensive cooperation between science, governments and the private sector. 

”As we enter the Decade of Action and Delivery for the Global Goals, we need a broad multi stakeholder approach to develop the technologies and solutions we need for the world we want. A company like KONGSBERG can play a key part in these crucial efforts to develop market-based solutions that can deliver on the goals.”

Sturla Henriksen,
Special Advisor on Oceans to the UN Global Compact.

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