ESG – response
We cut emissions, invest in people and society, and protect what matters. That’s how we earn our license to operate.
OKEA’s goal is to ensure safe and responsible operations, minimising the impact on the natural environment, and upholding the highest standards of corporate governance and business ethics. Effectively utilising existing resources is a key part of this goal.
E: Reducing emissions and protecting the environment
OKEA actively works to reduce emissions and environmental impact while maintaining safe and efficient operations. Reusing existing infrastructure and improving energy performance are key to our low-carbon strategy. The Power from Shore project at Draugen, developed with Equinor, will cut CO₂ emissions by around 330,000 tonnes annually. Our Energy and Environment Policies guide actions aimed at reducing emissions, preventing spills, and protecting biodiversity. We also promote circular economy principles by reusing materials and reducing waste across the value chain, ensuring responsible resource use and contributing to a more sustainable Norwegian continental shelf.
S: Safety and well-being at work
Ensuring safe and reliable operations is OKEA’s top priority. Continuous improvements to our QHSSE framework, emergency preparedness, and risk management are key parts of this work. In 2024, we strengthened our strategic emergency response, expanded training on psychosocial work environment and conflict management, and enhanced collaboration with contractors through dedicated safety days. Our “Always Safe” program and focus on psychological safety support a culture where everyone contributes to preventing incidents and promoting health, openness, and inclusion.
G: Governance and ethical conduct
OKEA operates responsibly, transparently, and in full compliance with laws and regulations. Our Code of Conduct defines clear ethical standards for everyone representing the company and is reviewed annually by the board. We have zero tolerance for corruption, anti-competitive behaviour, and breaches of our policies. Accessible whistleblowing channels, including an independent third-party service, ensure that concerns can be reported safely and confidentially. Robust systems for compliance, tax transparency, and environmental reporting underpin our commitment to accountability, integrity, and good corporate governance across all parts of our business.
