Sustainability Report

A year in review

2018

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Key highlights 2018

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Projects

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Doubled installed capacity
Grid connected 262 MW in 2018 – more than doubled our installed capacity

650,000 tons of CO2
emissions reduced from our solar plants in operation in 2018

3.5 GW
Targeting 3.5 GW in operation and under construction by the end of 2021

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People

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Zero serious injuries
Delivered 6.3 million working hours with no serious injuries

6,000 jobs created
in projects under construction – the majority local and unskilled labour

Diversity
Our total global workforce is represented by 32 nationalities

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Learnings

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Community relations
Grid connected the Los Prados plant in Honduras after social unrest locally, in large part caused by misinformation and resolved through a stronger social team and improved dialog and interactions with the communities

Resettlement
Livelihood restoration programme for 220 local house holds in Mozambique in line with IFC’s Performance Standards

Compliance
Strong efforts with Environmental & Social management to ensure compliance of all contractors and business partners with international standards and requirements in Egypt and other ongoing projects

How we work with sustainability

Sustainability is an integral part of our business. We are committed to operate all projects in line with the Equator Principles and IFC’s Environmental and Social Performance Standards.

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Sustainability reporting highlights 2018

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Sustainability reporting:

Ranked amongst the top 15 companies of the 100 largest listed companies in Norway by The Governance Group

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Global commitment:

Became a signatory to the UN Global Compact to reinforce our commitment to its ten principles relating to labour conditions, human rights, environment and anti-corruption

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Sustainable Development Goals:

Aligning the SDGs with our core business, risks and opportunities and stakeholder feedback

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Climate reporting

Preparing for reporting to the Carbon Disclosure Project (CDP) in 2019

Growing responsibly

With ten projects under construction in eight countries across four continents, our ability to manage risks and challenges in complex markets has been tested on many fronts.

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Scope 1

Greenhouse gas emissions from sources that are owned or controlled by the company.

Scope 2

Greenhouse gas emissions resulting from the generation of electricity, heat, or steam purchased by the company.

Scope 3

Greenhouse gas emissions from sources not owned or directly controlled by the company but related to its business activities.

Sustainability priorities

Our overall company goal is to deliver competitive and sustainable renewable energy. Three main sustainability pillars contribute towards achieving this goal.

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