Reporting practices

Aker BP’s annual sustainability report for the 2021 fiscal year (1 January 2021 to 31 December 2021) covers our operated assets and is aligned with the annual report. Aker BP’s previous sustainability report (2020 Sustainability Report – ESG in Aker BP, March 2021) was based on the Global Reporting Initiative Standards (GRI 2018). For this year’s report we are starting the transition to reporting in accordance with the new GRI 2021 Oil and Gas Sector 2021. Reference has also been made to the United Nations Sustainable Development Goals (SDGs), Task Force on Climate-related Financial Disclosures (TCFD), CDP, Sustainability Accounting Standards Board (SASB), European Securities and Markets Authority (ESMA), Green House Gas (GHG) Protocol and the UN Global Compact. Aker BP has initiated a process to prepare the reporting required under the EU Taxonomy Regulation, whilst awaiting final processing of the law in the EEA Joint Committee and the implementation of the regulation in Norwegian law. Reference is made to Aker BP Annual report 2021.

This report has been reviewed by an internal review committee consisting of senior managers for relevant disciplines and business units. It has also been reviewed by the Audit and Risk Committee (ARC) which assists and facilitates the Board of Directors responsibilities within integrity of financial reporting, the financial reporting process, internal controls, company risks, corporate governance, compliance and auditing, prior to approval by the Board of Directors. KPMG has provided limited assurance on 2021 sustainability data on pages 55, 56, 57, 68, 69, 70 and 77 in this report. The rest of the report, including forward looking information, has not been assured by KPMG.