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ESG and corporate performance intertwined

At Nekkar, we have chosen a business strategy where ESG and corporate performance are intertwined. In addition, we are taking a proactive approach to manage ESG risks and opportunities. Being a sustainable company means that we are never satisfied with the status quo, but continuously improving. That is why we started developing sustainability reports in 2019, mapping our direct and indirect impact, areas of improvement and the road ahead.

ESG and corporate performance intertwined

At Nekkar, we have chosen a business strategy where ESG and corporate performance are intertwined. In addition, we are taking a proactive approach to manage ESG risks and opportunities. Being a sustainable company means that we are never satisfied with the status quo, but continuously improving. That is why we started developing sustainability reports in 2019, mapping our direct and indirect impact, areas of improvement and the road ahead.

“Being a sustainable company means that we are never satisfied with the status quo, but continuously improving.”

— Ole Falk Hansen, Chief Executive Officer

Our commitment

Nekkar supports the UN’s Sustainable Development Goals (UN SDGs). The company is implementing activities and initiatives relating to four of the SDGs, where the company has the potential to make the biggest contribution:

Nekkar promotes equal opportunities for employees regardless of their gender, age, ethnic or cultural background. Nekkar’s employees should be treated with respect and the company shall ensure a safe and healthy working environment for everyone.

Designing and adapting our products to foster innovation and the development of sustainable technology is a key consideration in Nekkar’s product development.
An example is the wind turbine installation tool SkyWalker. This innovation has the potential of increasing the efficiency and decrease the environmental footprint of installing wind turbines.

The ocean represents a highly significant resource in terms of food, energy and value creation and has a high priority in our efforts to ensure a sustainable future.
Nekkar’s business operations are closely linked to the sea as our products are designed for the maritime and marine industries. Our goal is to design and produce products that can contribute positively to the development in marine areas.

Nekkar aims to promote and maintain the highest ethical standards to create a trust-based relationship with our stakeholders. The company shall comply with laws and regulations, act in an ethical, sustainable and socially responsible manner and otherwise
practice good corporate governance.

Sustainability at Nekkar

For Nekkar, adhering to good corporate governance standards is a prerequisite for long-term value creation.

The company strives to ensure that its internal control mechanisms, organisation and management structures comply with good corporate governance principles, including the Norwegian Code of Practice for Corporate Governance (NUES). Nekkar is also committed to OECD’s Guidelines for Multinational Enterprises and contributing to the improvement of international business standards and practices, especially with regards to questions of corruption, labour relations and the global environment. The company and its employees should at all times operate in an ethical and lawful manner.

Nekkar’s governance structure shall ensure a systematic approach to corporate social responsibility. The Annual General Meeting (AGM) is Nekkar’s supreme governing body and where stakeholders can influence how sustainability is practiced. The Board of Directors (“the Board”) is responsible for
ensuring that the company is organised, managed, and controlled in an appropriate and satisfactory manner in full compliance with applicable laws and regulations. The sustainability report has also been reviewed and approved by the Board. Corporate Executive Management bears the ultimate responsibility for the company’s strategy, development, and day-to- day work. Nekkar’s main governing document is the company’s Code of Conduct, in addition to the Code of Conduct for Business Partners and the company’s Articles of Association.