Value to society

Environment and climate

Why it matters

There is a need for rapid action to tackle climate change by all parts of society, including governments, businesses and individuals alike. This is a major driver of the energy transition that is likely to affect industries and customers, including DNV. Understanding climate risks and the new opportunities for technology to solve some of these challenges is of immense importance to us.

We are committed to using our technical expertise to accelerate the transformation to a future in line with the Sustainable Development Goals (SDGs) and the 1.5°C target of the Paris Climate Agreement. More broadly, environmental protection is embodied in our purpose to ‘safeguard life, property and the environment’ and our value, ‘We CARE’, which reflects caring for one another and the planet.
Our sustainability and climate strategy will reduce our environmental footprint across the business. Our global operations are carbon neutral and we offset our greenhouse gas emissions from offices, laboratories and travel.
Our strategy includes a focus on four SDGs where we can contribute the most and have the largest impact. Three of these are environmental Goals – SDG 7: affordable and clean energy, SDG 13: climate action, and SDG 14: life below water.

We contribute in two ways – by reducing our own negative environmental impact and by providing services to our customers that help them do the same (see Sustainable Innovations and Market sections).

Progress in 2020

The restrictions to business travel and office working in 2020 as a result of the pandemic accelerated the use of digital tools and processes in our work. Our consultants conducted more surveys, certifications and inspections remotely using video and online tools. Although not all inspections can be completed remotely, the increase showed both customers and our consultants how work might be organized in the future. Reduced business travel and office working is reflected in our energy use and greenhouse gas (GHG) emissions, which are significantly down compared to 2019.

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Looking ahead

As part of our strategy to 2025, we have ambitious plans to reduce our GHG emissions, switch to renewable electricity for all our offices and laboratories, and contribute to DNV being climate net positive by the end of the strategy period. DNV will ensure that our worldwide operations are responsible and sustainable. By 2025:

  • We will reach 100% renewable electricity for our offices and laboratories worldwide and reduce emissions in line with the 1.5°C pathway of the Paris Climate Agreement 
  • Our operations will be climate net positive 
  • We will continue to reduce plastic use with the aim to reach zero plastic at our offices 
  • Encourage employees to travel less, instead making use of digital technology to interact with external and internal stakeholders 
  • Engage and involve our employees on environmental topics.

Approach

Our purpose directs us to safeguard the environment. Our aim is to continuously reduce the environmental footprint of our own operations and to help customers do the same. We aim to use our expertise to make a positive contribution to the SDGs and the 1.5°C target of the Paris Climate Agreement (see also sustainable innovations).

As signatories to the UN Global Compact, we take a precautionary approach to managing our environmental and climate impacts. Our Code of Conduct also commits us to reduce the environmental impact of our operations, procurement, and investment and property management.

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Performance

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