Climate Change Data

Axess Group

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:4184 tCO2e (2020)
Renewable Energy Share:8% (2021)

ESG Focus Areas

  • Climate Action
  • Decent Work and Economic Growth
  • Sustainable Cities and Communities

Environmental Achievements

  • Reduced greenhouse gas emissions by 15% from 2017 to 2020, despite a 44% increase in turnover and 63% increase in value added.
  • 8% of operations from strategic initiatives (renewables, software, infrastructure) in 2021.

Social Achievements

  • Enhanced internal HSE communication, increased HSE capacity, and introduced a new HSE course.
  • Introduced Axess Group Trainingportal, an e-learning portal with courses for employees and contractors.
  • Improved employee presence (97% in 2021).

Climate Goals & Targets

Medium-term Goals:
  • Have 25% of operations globally outside of the Oil and Gas industry by 2025.
Short-term Goals:
  • Reduce GHG emissions in services by 60%, products by 30%, and office by 60% from 2017 to 2025.

Environmental Challenges

  • Lack of gender balance in the workforce.
  • Need for more and improved audits to reach quality goals.
  • Increasing cyber threats.
Mitigation Strategies
  • Monitoring the proportion of female employees, senior managers, and executive positions.
  • Implementing actions in 2022 to increase the proportion of completed planned audits.
  • Following guidelines of the National Security Authority in Norway and implementing regular e-learning in IT security and data protection.

Supply Chain Management

Responsible Procurement
  • Supplier Commitment Scheme (from 2022)
  • Code of Conduct
  • HSSEQC Policy
  • Human Rights Policy
  • Modern Slavery Statement

Climate-Related Risks & Opportunities

Opportunities
  • Expanding business in renewable energy sector

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs)

Certifications: ISO 14001, ISO 45001, ISO 9001

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)

Axess' initiatives contribute to these goals through their operations, solutions, and contributions to society.

Sustainable Products & Innovation

  • Alpa Winch
  • Solutions for caisson and thruster replacement

Reporting Period: 2023

Environmental Metrics

Scope 1 Emissions:0 tCO2e
Scope 2 Emissions:0 tCO2e
Scope 3 Emissions:8790 tCO2e

ESG Focus Areas

  • Climate Change
  • Decent Work and Economic Growth
  • Sustainable Cities and Communities

Environmental Achievements

  • 58% reduction of greenhouse gas emissions per value added (GEVA) since 2017, and 19% reduction since 2022.

Social Achievements

  • 5 percentage points increase in gender balance in 2023 (21% women).

Governance Achievements

  • Record-high revenue of 1574 MNOK in 2023; 60% of revenue created outside Europe.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions (Roadmap to be presented in 2024).
Short-term Goals:
  • Reduce GHG emissions by 60% by 2025.
  • Achieve 30% women in workforce by 2025.
  • Achieve 300 MNOK revenue from strategic initiatives by 2025 (25% of total revenue).

Environmental Challenges

  • Low proportion of women in the workforce (21% in 2023, target 30% by 2025).
  • Increase in sick leave in Norway over several years.
  • Lower than target completion rate for internal audits (49% in 2023).
Mitigation Strategies
  • Focus on anti-discriminatory recruitment practices and talent retention to meet 30% women by 2025.
  • Ongoing process engaging all managers in Norway to address increased sick leave.
  • HSEQ team working to improve internal audit completion rate.

Supply Chain Management

Supplier Audits: 60% of Criticality 1 suppliers signed commitment.

Responsible Procurement
  • Supplier Commitment Scheme

Climate-Related Risks & Opportunities

Opportunities
  • Expanding business in renewable energy sector.

Reporting Standards

Frameworks Used: GRI, SASB, GHG Protocol

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 9001:2015

UN Sustainable Development Goals

  • SDG 8: Decent Work and Economic Growth
  • SDG 13: Climate Action
  • SDG 11: Sustainable Cities and Communities

Axess' focus areas are linked to these SDGs.