GRI DISCLOSURES

Disclosure Location Requirement omitted Reason for omittance Explanation of omittance GRI sector standard ref. No.
           
GRI 2: General Disclosures 2021
2-1 Organizational details (A)        
2-2 Entities included in the organization’s sustainability reporting (A)        
2-3 Reporting period, frequency and contact point (A)        
2-4 Restatements of information (A)        
2-5 External assurance (A), (B)        
2-6 Activities, value chain and other business relationships (A)  
2-7 Employees (A)  
2-8 Workers who are not employees (A)  
2-9 Governance structure and composition Annual report  –  
2-10 Nomination and selection of the highest governance body Annual report  –  
2-11 Chair of the highest governance body Annual report  –  
2-12 Role of the highest governance body in overseeing the management of impacts Annual report  
2-13 Delegation of responsibility for managing impacts Annual report  
2-14 Role of the highest governance body in sustainability reporting Annual report  –  
2-15 Conflicts of interest Annual report  –  
2-16 Communication of critical concerns Annual report  
2-17 Collective knowledge of the highest governance body Annual report  
2-18 Evaluation of the performance of the highest governance body Annual report  
2-19 Remuneration policies Annual report  –  
2-20 Process to determine remuneration Annual report  
2-21 Annual total compensation ratio (A)  
2-22 Statement on sustainable development strategy (A)  
2-23 Policy commitments (A)  
2-24 Embedding policy commitments    
2-25 Processes to remediate negative impacts (A)  
2-26 Mechanisms for seeking advice and raising concerns (A)  
2-27 Compliance with laws and regulations (A)  
2-28 Membership associations (A)  
2-29 Approach to stakeholder engagement (A)  
2-30 Collective bargaining agreements (A)  
A gray cell indicates that reasons for omission are not permitted for the disclosure or that a GRI Sector Standard reference number is not available.

Material topics

Disclosure Location Requirement omitted Reason for omittance Explanation of
omittance
GRI sector standard ref. No
GRI 3: Material Topics 2021
3-1 Process to determine material topics (A)        
3-2 List of material topics (A)        
Economic performance          
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
           
GRI 201: Economic Performance 2016        
201-1 Direct economic value generated and distributed (A)
201-2 Financial implications and other risks and opportunities due to climate change (A)
201-3 Defined benefit plan obligations and other retirement plans (A)
201-4 Financial assistance received from government 4.75 mill NOK The number refers to financial assistance received due to the Tax deduction scheme for companies with R&D projects.  
Market presence          
GRI 3: Material Topics 2021          
3-3 Management of material topics Not applicable Not a material topic
           
GRI 202: Market Presence 2016          
           
202-1 Ratios of standard entry level wage by gender compared to local minimum wage Not applicable No workers/ employees compensated based on wages subject to minimum wage rules. No applicable local minimum wage applies.
202-2 Proportion of senior management hired from the local community 100% Senior management is defined as the Executive Management Team, and its members are all either born or have legal right to reside in Norway indefinitely. The Company’s geographical definition of local is within Norway.

Material topics

DISCLOSURE LOCATION REQUIREMENT
OMITTED
REASON FOR
OMITTANCE
EXPLANATION
OF OMITTANCE
GRI SECTOR
STANDARD
REF. NO.
Indirect economic impacts          
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
           
GRI 203: Indirect Economic Impacts 2016
203-1 Infrastructure investments and services supported (A)
203-2 Significant indirect economic impacts (A)
           
Procurement practices
GRI 3: Material Topics 2021>
3-3 Management of material topics (A)
           
GRI 204: Procurement Practices 2016
204-1 Proportion of spending on local suppliers NOK 25,607,332,051 Definition of local is within Norway.
           
Anti-corruption          
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
           
GRI 205: Anti-corruption 2016
205-1 Operations assessed for risks related to corruption (A)
205-2 Communication and training about anti-corruption policies and procedures (A)
205-3 Confirmed incidents of corruption and actions taken (A), (B)
           
Anti-competitive behavior          
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
           
GRI 206: Anti-competitive Behavior 2016
206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices (A)
           
Tax          
GRI 3: Material Topics 2021
3-3 Management of material topics (A), (B)
           
GRI 207: Tax 2019
207-1 Approach to tax (A), (B)
207-2 Tax governance, control, and risk management (A)
207-3 Stakeholder engagement and management of concerns related to tax (A)
207-4 Country-by-country reporting (A)

Material topics

DISCLOSURE LOCATION REQUIRENMENT OMITTED REASON FOR OMITTANCE EXPLANATION OF OMITTANCE GRI SECTOR STANDARD REF.NO.
Energy
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 302 Energy 2016
302-1 Energy consumption within of the organisation (A)
302-2 Energy consumption outside of the organisation (A)
302-3 Energy intensity (A)
302-4 Reduction of energy consumption (A)
302-5 Reduction is energy requirements of products and services Reductions in energy requirements of products and services information unavailable/incomplete This information was not available at the time of reporting.
Water and effluents
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 303 Water and Effluents 2018
303-1 Interactions with water as a shared resource (A), (B)
303-2 Management of water discharge-related impacts (A)
303-3 Water withdrawal (A), (B)
303-4 Water discharge (A)
303-5 Water consumption (A)
Biodiversity
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 304: Biodiversity 2016
304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas (A)
304-2 Significant impacts of activities, products and services on biodiversity (A)
304-3 Habitats protected or restored (A)
304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations (A)
Emissions
GRI 3: Material Topics 2021
3-3 Management of material topics (A), (B)
GRI 305: Emissions 2016
305-1 Direct (Scope 1) GHG emissions (A), (B)
305-2 Energy indirect (Scope 2) GHG emissions (A), (B)
305-3 Other indirect (Scope 3) GHG emissions (A), (B), (C)
305-4 GHG emissions intensity (A), (B)
305-5 Reduction of GHG emissions (A), (B)
305-6 Emissions of ozone-depleting substances (ODS) Emissions of ozone-depleting substances (ODS) Information unavailable/incomplete This information was not available at the time of reporting. 
305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions (A), (B)
Waste
GRI 3 Material Topics 2021
303 Management of material topics (A)
GRI 306: Waste 2020
306-1 Waste generation and significant waste-related impacts (A)
306-2 Management of significant waste-related impacts (A)
306-3 Waste generated (A), (B)
306-4 Waste diverted from disposal (A)
306-5 Waste directed to disposal (A)
Supplier environmental assessment
GRI 3: Material Topics 2021
303 Management of material topics (A), (B)
GRI 308: Supplier Environmental Assessment 2016
308-1 New suppliers that were screened using environmental criteria (A)
308-2 Negative environmental impacts in the supply chain and actions taken (A)
Employment
GRI 3: Material Topics 2021
3-3 Management of material topics (A), (B)
GRI 401: Employment 2016
401-1 New employee hires and employee turnover (A)
401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees (A)
401-3 Parental leave (A)
Occupation health and safety
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 403: Occupational Health and Safety 2018
403-1 Occupational health and safety management system (A)
403-2 Hazard identification, risk assessment, and incident investigation (A)
403-3 Occupational health services (A)
403-4 Worker participation, consultation, and communication on occupational health and safety (A)
403-5 Worker training on occupational health and safety (A)
403-6 Promotion of worker health (A)
403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships (A)
403-8 Workers covered by an occupational health and safety management system (A)
403-9 Work-related injuries (A)
403-10 Work-related ill health (A)
Training and education
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 404: Training and Education 2016
404-1 Average hours of training per year per employee (A)
404-2 Programs for upgrading employee skills and transition assistance programs (A)
404-3 Percentage of employees receiving regular performance and career development reviews (A)
Diversity and equal opportunity
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 405: Diversity and Equal Opportunity 2016
405-1 Diversity of governance bodies and employees (A)
405-2 Ratio of basic salary and remuneration of women to men (A)
Non-discrimination
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 406: Non-discrimination 2016
406-1 Incidents of discrimination and corrective actions taken (A)
Freedom of association and collective bargaining
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 407: Freedom of Association and Collective Bargaining 2016
407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk (A)
Child labor
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 408: Child Labor 2016
408-1 Operations and suppliers at significant risk for incidents of child labor (A)
Forced or compulsory labor
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 409: Forced or Compulsory Labor 2016
409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor (A)
Asset integrity and critical incident management
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 306 Effluents and waste 2016
306-3 Significant spills (A) 11.8.2
Tier 1 and Tier 2 process safety events (A) No Tier 1 or 2 process safety events 11.8.3
Closure and rehabilitation
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI xxx
402-1 Minimum notice period regarding operational changes (A),(B)
Operational sites that have closure and rehabilitation plans in place, have been closed, are in the process of being closed (A) 11.7.4
Decommissioned structures left in place (A) 11.7.5
Total monetary value of financial provisions for closure and rehabilitation Information unavailable/incomplete Local communities
GRI 3: Material Topics 2021
3-3 Management of material topics (A), (B)
GRI 413: Local Communities 2016
413-1 Operations with local community engagement, impact assessments, and development programs (A),(B)
413-2 Operations with significant actual and potential negative impacts on local communities (A), (B)
Supplier social assessment
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 414: Supplier Social Assessment 2016
414-1 414-1 New suppliers that were screened using social criteria (A)
414-2 Negative social impacts in the supply chain and actions taken (A)
Public policy
GRI 3: Material Topics 2021
3-3 Management of material topics (A)
GRI 415: Public Policy 2016
415-1 Political contributions (A)

Topics in the applicable GRI sector standards determined as not material

Topic Explanation
11.16 Land and resource rights No significant impacts on land and resource rights from operations
11.17 Rights of indigenous peoples No significant impacts on rights of indigenous peoples from operations
11.18 Conflict and security No operations in areas of conflict