Sustainability

Read our Sustainability report for 2023 and learn about our efforts to reduce emissions and contribute to a better society.

Our approach to sustainability

Aker BP takes global climate challenges seriously and works to reduce the company’s environmental footprint. Our emissions are less than one-third of the average in the global industry, and below the average for operators on the Norwegian continental shelf. Our GHG intensity target is set at below 4 kg CO2e per barrel of oil equivalent.

Our strategy to meet the world’s growing energy needs while also contributing to reducing global emissions is threefold: We aim to produce the cleanest oil and gas, and at the same time generate revenue that can be used to finance the energy transition and build a sustainable future.

Aker BP creates substantial long-term value from the natural resources available to us – thus enabling society to restructure the economy and introduce measures that can halt climate change. By reducing emissions from our activities, we contribute to a reduced global footprint. We also contribute knowledge, data and experience to new industries, creating growth and improvement beyond our own business.

United Nations Sustainable Development Goals

Aker BP’s core business of delivering energy to our customers and the way we operate contribute directly to and support several of the United Nations Sustainable Development Goals (SDG). Some of our main contributions are outlined in our sustainability report and illustrated below.

Climate

Aker BP acknowledges the conclusions from the Intergovernmental Panel on Climate Change (IPCC), and we are committed to take responsibility for the company’s carbon footprint.

We are convinced that we can and will be part of the solution needed to meet one of the biggest challenges of our time — climate change.

Towards 2030, global greenhouse gas emissions must be halved to succeed in halting global climate change. On the same horizon, we see that oil and gas will account for almost 50 per cent of the global energy mix in 2040, according to International Energy Agency (IEA) projections in the Sustainable Development Scenario. This scenario is fully aligned with the Paris Agreement on climate change.

By 2050, our gross Scope 1 and Scope 2 GHG emissions will be close to zero. This will be achieved through our investments in electrification and energy efficiency, as well as portfolio management. Read more about our approach to decarbonise our business in our decarbonisation plan.

Climate objectives and actions are formally embedded into Aker BP’s strategy and decision-making. The Board of Directors has ownership of climate-related objectives in Aker BP’s climate strategy, and reviews and guides the major action plans related to investment decisions for climate initiatives.

Decarbonisation plan

Circular economy

Aker BP shall implement circular economy initiatives along the entire value chain, both within the company and through supplier cooperation. We shall promote circular economy in processes and encourage sustainable consumption in our operations. We shall aim for reduced resource use and waste prevention, keeping resources in the economy for as long as possible. 

Aker BP acknowledges the expectations towards a circular economy from regulators and other stakeholders. Our Circular Economy model emphasizes sustainable production and consumption, allowing us to increase resource efficiency and reduce waste generation. 

Safe operations

A license to operate on the Norwegian continental shelf implies compliance with strict Health, Safety, Security and Environmental requirements from the Norwegian authorities.

Aker BP strives to ensure that all operations, drilling campaigns and projects are carried out under the highest HSSE standards. Our HSSEQ policy describes the standards and expectations to ensure that Aker BP is a safe workplace for both our employees and our contractors.

Health and safety

Aker BP acknowledges that risks will always be present during our exploration and production activities. We see it as our responsibility to reduce this risk to as low as reasonably possible, to avoid that our activities have adverse effects on people, the environment, or financial assets. Identifying risk and most particularly, understanding risk are necessary to prevent accidents and to ensure adequate emergency preparedness and reduce uncertainty.

Our overall HSSE performance displays a positive trend. However, to meet our ambition of no harm to people we maintain our continuous efforts to seek improvements in our HSSE culture and management practices.

We have implemented a set of Life-Saving Rules from the International Association of Oil & Gas Producers. The “9 Life-Saving Rules” represent industry-wide best practice in preventive HSSE efforts.

Aker BP provides a set of both occupational and non-occupational health services to prevent, discover and monitor work-related health risks. Employees also receive non-occupational health services related to personal health, physical therapy and health-promoting services such as support for increased physical activity, dietary advice and stress management.

Security

Aker BP takes a risk-based approach to how it conducts its business. To manage risks appropriately, the company must also account for risks that originate when malicious actors intentionally try to harm its interests. We call these “security risks” including cyber risk.

The purpose of security is to protect Aker BP’s material and immaterial assets from malicious actors and unintentional security incidents.

Audit and Risk Committee nominated on behalf of the board, oversee security with particular focus on cyber-security risk as part of their overall accountability towards risk governance and specific risks communicated through the Aker BP enterprise risk process.

The SVP HSSEQ, on behalf of the administration (Executive Management Team), is the overarching subject matter accountable for Security in Aker BP. The VP Security oversees Aker BP’s holistic security and is responsible for governing Personnel and Physical security. The Chief Cyber Security Officer is responsible for governing Cyber security. The VP Security and the Chief Cyber Security Officer coordinate company-wide security risk management and governance.  

Deciding and funding implementation of security barriers and security controls according to governance and risk, is the responsibility of each business unit according to financial authorization matrix. 

Emergency preparedness

Aker BP has a robust and efficient emergency preparedness organisation. In the event of an unwanted incident, our most important tasks are to save lives and to minimise damage to the environment and assets.

The emergency preparedness organisation regularly undergoes training and conducts exercises to ensure it is prepared to handle situations that may occur.

We work closely with partners and other emergency response organisations to ensure a shared understanding of the emergency response plans, responsibilities and priorities. We exchange knowledge and experiences, because well-functioning emergency preparedness is in everyone’s interest.

Sustainability data

Environment

302. ENERGY

Energy consumption	2021	2022	2023	Units
Total fuel consumed from non-renewable sources (1*)	18,604,936	16,804,039	13,772,679	GJ
Energy consumption – gas	16,201,143	15,288,587	11,947,952	GJ
Energy consumption – diesel	2,403,793	1,515,453	1,824,726	GJ
Total fuel consumed from renewable sources	0	0	0	GJ
Electricity consumption (2*)	417,001	417,144	884,395	MWh
Electricity sold	0	0	0	MWh
Total energy consumption from non-renewable fuels and el. energy	20,106,139	18,305,758	16,956,502	GJ
Energy intensity ratio	0.134	0.115	0.102	GJ/boe

303. WATER AND EFFLUENTS

	2021	2022	2023	Units
Produced water withdrawal total volume	17,585	16,768	18,534	1000 m3
Re-injected produced water volume	10,712	10,898	12,919	1000 m3
Percentage of produced water re- injected	61	65	70	%
Produced water discharged to sea volume	6,767	5,726	5,389	1000 m3
Percentage of produced water discharged	39	34	29	%
Hydrocarbon discharged to sea within produced water	140	106	111	tonnes

305. EMISSIONS

Scope 1	2021	2022	2023	Units
Direct GHG emissions – all gases (3*)	1,187,403	1,066,456	906,378	tonnes CO2e
CO2 (Carbon dioxide)	1,147,767	1,033,534	878,018	tonnes
CH4 (Methane)	1,250	1,026	867	tonnes
N2O (Nitrous oxide)	9	9	9	tonnes
Methane Intensity (4*)	0.03	0.02	0.01	% CH4/saleable gas

Scope 1 emissions – by source	2021	2022	2023	Units
Flaring	77,302	71,357	96,408	tonnes CO₂e
Venting and fugitive emissions	17,747	12,911	20,687	tonnes CO₂e
Fuel combustion	1,081,483	974,123	782,571	tonnes CO₂e
Loading of hydrocarbons	10,871	8,066	6,711	tonnes CO₂e
Percentage of gross direct (scope 1) GHG emissions from CH₄	3.1%	2.9%	2.9%	%
Flared hydrocarbons	26,021,456	23,213,472	30,752,742	Sm³
Other combustions	372,312,461	359,129,046	284,005,667	Sm³
Continuously flared hydrocarbons	0	0	0	Sm³
Vented hydrocarbons	424,580	327,559	364,844	Sm³

Scope 2	2021	2022	2023	Units
Indirect GHG emissions location based(5*)	4,587	4,589	16,804	tonnes CO2e
Indirect GHG Emissions – market based(6*)	168,885	168,943	443,966	tonnes CO2e

Scope 3	2021	2022	2023	Units
Total GHG emissions	64,237	63,054	72,607	1,000 tonnes CO2e
Upstream emissions(7*)	470	264	302	1,000 tonnes CO2e
Downstream emissions(8*)	63,768	62,789	72,305	1,000 tonnes CO2e

Reduction of GHG emissions	2021	2022	2023	Units
GHG emissions reduced as a direct result of reduction initiatives	22,738	72,900	42,900	1,000 tonnes CO2e

GHG intensity	2021	2022	2023	Units
Scope 1 GHG emission intensity (Operational control)	7.9	6.7	5.9	tonnes CO2e/boe
Equity share Scope 1 and 2 GHG emissions(9*)	366,120	393,052	479,155	tonnes CO2
Scope 1 and 2 GHG emissions intensity (equity share)(9,10*)	4.8	3.7	2.9	kg CO2/boe
Total GHG Emission intensity Scope 1-3 (Equity share)(11*)	442	436	438	kg CO2/boe

Non-GHG emissions	2021	2022	2023	Units
NOX (Nitrogen oxide)	1,684	1,814	b	tonnes
SOX (Sulphur oxide)	39	37	44	tonnes
Non-methane VOC	1,947	2,022	1,219	tonnes
Biogenic CO2 emissions	–	–	–	tonnes CO2e

306.WASTE

	2021	2022	2023	Units
Total waste	42,359	32,681	52,379	tonnes

	2021	2022	2023	Units
Total weight hazardous waste	40,516	31,203	50,580	tonnes
Reuse	506	352	112	tonnes
Recycling	1,800	1,689	2,631	tonnes
Recovery, incl. energy recovery	2,464	1,998	3,443	tonnes
Landfill	13,442	10,313	17,422	tonnes
Discharge (12*)	22,304	16,851	26,972	tonnes

	2021	2022	2023	Units
Total weight non-hazardous waste	1,843	1,478	1800	tonnes
Reuse	–	–	1	tonnes
Recycling	1,000	695	784	tonnes
Recovery, incl. energy recovery	724	698	879	tonnes
Landfill	119	84	135	tonnes

Waste diverted from/to disposal	2021	2022	2023	Units
Total weight of waste diverted from disposal (13*)	6,494	5,432	7,849	tonnes
Total weight of hazardous waste diverted from disposal	4,770	4,039	6,185	tonnes
Total weight of non-hazardous waste diverted from disposal	1,724	1,393	1,664	tonnes
Total weight of waste diverted to disposal (14*)	35,865	27,248	44,530	tonnes
Total weight of hazardous waste diverted to disposal	35,746	27,164	44,394	tonnes
Total weight of non-hazardous waste diverted to disposal	119	84	135	tonnes

Significant Spills	2021	2022	2023	Units
Number of oil spills to sea (≥0,1 m³)	0	3	1
Oil spills (≥0,1 m³)	0	6.3	64.5	m³
Number of chemical spills to sea (≥0,1 m³)	5	6	8
Chemical spills (≥0,1 m³)	3.9	1.8	55	m³
Number of hydrocarbon leaks (≥0,1 kg/s)	0	0	0
Total mass of hydrocarbon leaks (≥0,1 kg/s)	0	0	0	kg

307. ENVIRONMENTAL COMPLIANCE

	2021	2022	2023	Units
Total monetary value of significant fines	0	1.1	0	mill NOK
Number of non-monetary sanctions for non-compliance	0	1	0	0

308. SUPPLIER ENVIRONMENTAL ASSESSMENT

	2021	2022	2023	Units
New major suppliers screened using environmental criteria(15*)	100	100	N.A	%

Occupational health and safety

	2021	2022	2023	Units
Fatalities Employees	0	0	0
Fatalities hired consultants	0	0	0
Fatalities workers in the value chain	0	0	0
Serious injuries employees	2	0	2
Serious injury frequency hired consultants	0	0	0
Serious injuries workers in the value chain	2	3	3
Serious injury frequency employees	0.6	0.0	0.5	per million work hours
Serious injury frequency hired consultants	0.0	0.0	0.0	per million work hours
Serious injury frequency own workforce	0.5	0.0	0.4	per million work hours
Serious injuriy frequency workers in the value chain	0.7	1.2	0.9	per million work hours
Serious injury frequency – total workforce	0.6	0.4	0.5	per million work hours
Lost Time Injuries – employees	1	0	2
Lost Time Injuries – hired consultants	0	0	0
Lost Time Injuries – workers in the value chain	6	5	8
Lost Time Injury Rate – employees	0.3	0.0	0.5	per million work hours
Lost Time Injury Rate – hired consultants	0.0	0.0	0.0	per million work hours
Lost Time Injury Rate – own workforce	0.2	0.0	0.4	per million work hours
Lost Time Injury Rate – workers in the value chain	2.1	2.0	2.3	per million work hours
Lost Time Injury Rate – total workforce	1.0	0.7	1.1	per million work hours
Medical Treatment Injuries – employees	4	2	2	per million work hours
Medical Treatment Injuries – hired consultants	0	0	0	per million work hours
Medical Treatment Injuries – workers in the value chain	7	5	10	per million work hours
Total Recordable Injury Frequency – employees	1.6	0.6	0.9	per million work hours
Total Recordable Injury Frequency – hired consultants	0.0	0.0	0.0	per million work hours
Total Recordable Injury Frequency – own workforce	1.2	0.4	0.7	per million work hours
Total Recordable Injury Frequency – workers in the value chain	4.6	4.0	5.3	per million work hours
Total Recordable Injury Frequency – total workforce	2.6	1.7	2.4	per million work hours
Serious incidents	0	5	3
Serious incident frequency	0.0	0.7	0.3	per million work hours
Work hours employees	3.1	3.5	4.3	million hours
Work hours hired consultants	0.9	1.0	1.4	million hours
Work hours own workforce	4.0	4.5	5.7	million hours
Work hours workers in the value chain	2.8	2.5	3.4	million hours
Work hours total workforce	6.9	7.0	9.1	million hours

Asset integrity and process safety	2021	2022	2023	Units
Number of Tier 1 and Tier 2 Process Safety Events (PSE)	0	0	1