How we work with sustainability
Clean and sustainable energy
Scatec develops, builds, owns, operates and maintains power plants that generate clean and reliable electricity. Electricity is vital for the economic growth of nations and for human welfare. We strive to increase access to clean, affordable, and renewable electricity generation in emerging markets. Sustainability is an integral part of our organisation and embedded in all business units.
Sustainability is an integral part of our organisation and embedded in all business units including project development, solutions/execution, asset management and operations. The sustainability team in each country consists of both corporate support teams and specialists, as well as field workers who report to the global headquarter and ultimately to the Executive Vice President of Sustainability, who forms part of the Management team reporting directly to the Board of Directors. The sustainability team develops key performance indicators reviewed by the management on an annual basis. When relevant, both the Management and the Board of Directors review specific sustainability topics including health, safety, security and environment (HSSE), corruption, procurement, environmental and social impacts and stakeholder engagement, usually on a monthly basis.
Scatec has developed a policy for each material sustainability topic related outlining the key principles and management approach governing the way we operate and address issues. The policy statements and management approach for material topics can be found in the beginning of each chapter of this report. Further information on our corporate governance can be found in the annual report and on our corporate website.
Scatec is committed to operate in line with the Equator Principles and the IFC Environmental & Social Performance Standards to ensure consistent practices across all projects. We work with trusted partners such as the IFC, Norfund, KLP and several larger development banks that all have high standards for the projects and their associated impacts.
IFC Performance Standards
IFC’s Environmental and Social Performance Standards define IFC clients’ responsibilities for managing their environmental and social risk.
The Equator Principles
A risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in development projects.
Key highlights 2019
Jobs created in projects under construction
Greenhouse gas emissions avoided (tons of CO2)
Numbers of nationalities within our workforce
Safety and security
Health, safety, security and environment (HSSE) are key priorities for Scatec. We take responsibility, set requirements and monitor HSSE performance in the development, construction and operations phases of our projects. We define health and safety standards and communicate these to our employees and subcontractors. The KPIs represent Q2 2020 corporate figures for rolling 12 months.