We know what’s right

A strong commitment to sustainability and Environmental, Social and Governance (ESG), as an integrated part of our strategy, investment decisions and activities, will make Sval an attractive and valuable partner of choice for our key stakeholders in the years to come. Our ambition is to make Sval a leading company on sustainability and ESG.

Our vision is for Sval to be a top quartile exploration and production company by 2030, measured in terms of carbon intensity from our energy production. As we continue to grow, we will be a proactive contributor towards reduction in carbon intensity from the relevant licences we are participating in.
We aim at being well below the Norwegian and the global average in 2030.

Our ESG strategy consists of four pillars

1

Integrating ESG

ESG is a core element of our strategy, to add value, grow and future-proof our business

2

Climate and environmental impact

We will continuously work to reduce the carbon footprint of our business and always operate in an environmentally responsible manner

3

Social responsibility

We will provide good, healthy, and safe working conditions for our employees and contribute positively to the community around us

4

Transparent Governance

We hold ourselves accountable to our stakeholders’ expectations by being transparent about our performance and impact

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Photo: Minna Suojoki

Health and safety

We are committed to protecting the health and safety of everyone involved in our activities. We put the protection of people first and apply high standards of practice through a process of continual improvement. Our ambition is that no employee working on our behalf shall feel unsafe, nor shall unequal opportunities or discrimination take place in our working environment.

We comply with all applicable laws, rules and regulations, and our Code of Conduct sets out the rules and standards that we must follow. The Code provides guidance to our employees, contractors and partners on how to carry out activities in a safe, efficient and responsible manner. As an exploration and development company, Sval complies with stringent regulations on the Norwegian Continental Shelf (NCS) on health and safety.