Annual Report 2020

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Key highlights 2020

Remote working

Travel restrictions and lockdowns around the world threatened to derail both newbuild projects and planned inspections of our customers’ existing assets. To avoid delays and risk impacting safety and carbon reduction plans, DNV conducted a variety of inspections remotely.

Maritime saw a 33% increase in remote surveys, conducting over 20,000 last year. Energy conducted more than twenty remote inspections on wind farm projects with a cumulative capacity of over 500 MW in the US, Poland, China, Sweden and the UK. Remote inspections and surveys are tailored to suit each project, but we were able to draw on experiences across sectors to offer this service quickly as travel restrictions took place. In addition, Business Assurance were able to conduct 40% of all customer audits remotely.

Key highlights 2020

Energy Transition Outlook shows impact of COVID-19

The fourth edition of our Energy Transition Outlook 2020 forecast that global energy demand is likely to be sustained at 6–8% below pre-pandemic projections. Demand for aviation will be 5% lower than previous projections, while commuting will decline by 2% in 2025. Peak oil demand is now behind us, as the use of gas and renewables ramp up. Read more

Key highlights 2020

Exploring the switch to hydrogen

Hydrogen is expected to form a significant part of the energy mix by 2050. Società Gasdotti Italia (SGI) commissioned DNV to assess the feasibility of gradually switching Italy’s second-largest gas network from natural gas to renewable gases, including hydrogen. Our experts in Groningen, Oslo and Milan are assessing hydrogen transportation options across 1,800 kilometres of SGI’s high-pressure regional and national network. SGI will use the study in identifying suitable sections to safely pipe blended mixes of natural gas and hydrogen.

Key highlights 2020

The UN Global Compact and DNV kickstart a 'Decade of Action'

The United Nations Global Compact, in partnership with DNV, released a new report looking back on 20 years of corporate sustainability progress among companies. The report reveals only 39% of companies surveyed believe they have targets that are sufficiently ambitious to meet the Sustainable Development Goals by 2030. Less than a third consider their industry to be moving fast enough to deliver priority SDGs. Fundamental transformation on a system level is needed, within the finance, healthcare, transport, and food systems. Read more

Key highlights 2020

Offshore wind blows stronger

The global market for large scale offshore wind farms is growing significantly, and they pose engineering problems that cannot be efficiently solved by traditional solutions. DNV has a company-wide focus on commercial scale-up of floating offshore wind, including offshore expertise from oil & gas and wind farm technology expertise in Energy.

To help customers address complex engineering issues, Digital released new versions on Bladed and Sesam on their OneCompute platform this year to streamline the floating offshore wind structural design process.

Key highlights 2020

New focus on aquaculture

Aquaculture production is forecasted to grow to between 102–105 million tonnes by 2027, according to OECD and FAO outlooks. To keep up with demand, one solution is to move offshore, as suitable new locations for inshore production become scarce. Good water quality, steady ocean currents, and low variance in temperature can give optimal growing conditions, reducing the probability of diseases and improving fish health. The result is an attractive, premium-class fish product which helps meet the demand for quality as well as quantity. 

Offshore aquaculture was identified as key new growth opportunity for DNV. To meet our customers’ needs best, DNV combines expertise and services across business areas. Our customers benefit from our extensive experience with inshore and onshore fish farming projects, assurance of offshore constructions and operations, risk management of marine and offshore units and sustainable programmes for fish and fish well-being.

Key highlights 2020

Launch of venture fund to support technology start-ups

DNV Ventures was set up in early 2020 in response to the energy transition and digital transformations facing our key industries. The fund looks for startups active in our core business areas. 

DNV Ventures was launched in March 2020, and received a warm welcome and high attention in the market. Ventures has received and evaluated around 200 investments prospects and closed one of them in a successful investment with the digital health platform, uMotif Limited in London, UK. UMotif are now working closely with our Digital Health Incubator.

Key highlights 2020

Infection prevention to keep business moving

As shipping and, above all, the cruise lines, looked for support to stay operational through the COVID-19 crisis, DNV stepped forward with a new CIP-M certification in infection prevention and the My Care assessment framework. Adapted from certification procedures originally developed for hospitals, the CIP-M certificate enables vessel owners and operators to demonstrate they have procedures in place for the proper prevention, control, and mitigation of infection to protect both customers and crews. My Care assessments can be used by businesses in all industry sectors.

For CIP-M experts from DNV’s Cruise Center in Miami and Business Assurance worked to integrate maritime specific standards, such as the US CDC Vessel Sanitation Program, and national and industry guidelines, into the certification. The audit is performed by DNV experts in healthcare infection prevention and control together with experienced maritime auditors. By the end of the year several cruise operators had gained CIP-M certification, including the Genting Cruise Lines and Silversea. The Finnish ferry company Viking Line was the first to complete a My Care readiness assessment, followed by Color Line and port operators.

Research and Innovation

Beneficial and safe use of digital technologies

We explore key technology areas through our research programmes to help transform the industries we serve. We devote 5% of our revenue to strategic research, technology development and innovation to prepare our customers and ourselves to tackle the transformations ahead.

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