Our approach to sustainability

2019 was the year in which Environmental, Social and Governance (ESG) concerns evolved from dialogue to financial reality. I am proud to say that ESG principles and performance factors are driving Aker BP’s strategy, investment decisions, and exploration activities across the value chain.

Karl Johnny Hersvik
Cheif Executive Officer in Aker BP

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 emission intensity target is set at below 5 kg CO2 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.

We will reduce our environmental footprint – while continuing to deliver energy the world needs.

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.

2020 KPIs

CO2 emission intensity

<5 kg CO2/boe
(equity share)

Methane intensity target

<0,1 % of saleable gas

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.

Aker BP’s goal is to achieve a 50 percent reduction in the 2030s and near-zero emissions in 2050.

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.

Environmental impact

Aker BP understands the environmental challenges presented by our activities and industry at large. Protecting the environment is and always has been a key part of sustainability work in Aker BP and we continuously work to reduce our environmental footprint.

Our efforts are managed through our environmental management system, built on the guiding principles of ISO 14001. Environmental management is incorporated throughout the asset value chain.

Our Health, Safety, Security, Environment and Quality (HSSEQ) policy describes how to carry out our operations and our key environmental performance indicators guide our performance in a sustainable direction.

At Aker BP, regulatory requirements are considered a minimum and we use best available techniques (BATs) and industry best practices to protect people, the environment and assets.

Key environmental performance indicators with corresponding targets, for instance for oil concentration of discharges to sea, CO2 emissions, flaring volume and produced water re-injection percentage, are defined at a company level and within each business unit.

Biodiversity

Aker BP’s exploration and production operations are concentrated in marine surroundings and we work efficiently to protect and conserve the related ecosystems and species within, thus safeguarding genetic biodiversity.

Activities in these areas are risk-assessed and monitored with regard to protection of sensitive benthic fauna and corals, coastal habitats, fish spawning and seabird breeding and feeding grounds.

Water and effluents

Aker BP’s operations are not located in water-stressed environments. All our operations are located on the Norwegian continental shelf, and freshwater usage is limited. Seawater is lifted and used for our operations such as cooling, pressure support for the reservoir and to generate fresh water offshore.

Our approach to generation and handling of effluents seeks the lowest possible environmental impact, with the following order of priority:

  • Preventing occurrence
  • Reuse/recycling/reinjection
  • Reduction
  • Treatment and disposal/discharge

Waste

In order to seek the lowest possible environmental impact, we believe that generating less waste and working for better resource utilisation is the most successful strategy.

Aker BP´s approach includes the following order of priority:

  • Preventing occurrence
  • Reuse/recycling
  • Reduction
  • Treatment and disposal/discharge

Aker BP’s waste handling processes follow relevant regulations for handling, storage, classification, labelling, transportation and declaration.

Oil spill response

History teaches us that oil spills can and do occur in our industry. Aker BP’s robust oil spill response includes trained personnel that work tirelessly to ensure sound preparations for and mitigation of possible oil spills. Risk assessments are performed, and emergency preparedness plans specifically for oil spills are in place.

Aker BP has participated actively in the Norwegian Clean Seas Association for Operating Companies (NOFO) since 2001. They are specially trained to manage oil spill response operations and assume a central role with regard to mitigation measures and oil spill recovery at sea. We work together with NOFO to ensure that our oil spill contingency measures are dimensioned for our needs, making sure that we are prepared at all times.

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

Total Recordable Injuries Frequency (TRIF)

≤ 2 per 1 mill exp. hour
(2020)

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.

Serious Injuries Frequency (SIF)

≤ 0,5 per 1 mill exp. hours
(2020)

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 divides security into three main areas: personnel, objects and information security. We work within these areas to protect the company’s assets in accordance with relevant legislation and company needs. This work is also an integrated part of Aker BP’s risk and barrier management. In addition, each and every employee’s behaviour and actions provide a significant contribution to whether or not Aker BP succeeds in its security efforts.

Through intelligence, value and threat assessments, as well as by raising awareness in the company, we ensure that neither our business nor our personnel are directly affected by threat agents.

Aker BP has enabled comprehensive security capabilities and developed a new threat intelligence capacity program to reduce uncertainty and enhance decision support to the Executive Management Team and relevant business units.

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 reporting

Sustainability reports

Sustainability report 2020 pdf
Sustainability report 2019 pdf
Sustainability report 2018 pdf
Sustainability report 2017 pdf

CDP Climate

Aker BP participates in CDP (formerly the Carbon Disclosure Project). CDP is a not-for-profit charity that runs a global disclosure system for the benefit of society, investors, companies, cities and countries. Aker BP contributes to increased disclosure on climate as well as better access to information regarding how we work.

2021 – Aker BP CDP 2021 Climate Change Questionnaire pdf
2020 – Aker BP CDP 2020 Climate Change Questionnaire pdf
2019 – Aker BP Carbon Disclosure Project pdf
2018 – Aker BP Carbon Disclosure Project pdf
2017 – Aker BP Carbon Disclosure Project pdf