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Odin IR team
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Sustainability

Our future goal is clear: Achieve 100% carbon neutrality by 2035.

- Bhasker Kaushal, Chief Executive Officer

ESG and corporate performance intertwined

At Nekkar, we have chosen a business strategy where ESG and corporate performance are intertwined. In addition, we are taking a proactive approach to manage ESG risks and opportunities. Being a sustainable company means that we are never satisfied with the status quo, but continuously improving. That is why we started developing sustainability reports in 2019, mapping our direct and indirect impact, areas of improvement and the road ahead.

Sustainability performance highlights in 2024

Climate impact
100%
of Kempower’s revenue generating activites are Taxonomy-aligned
SBTI
In 2024, we undertook the work to join the Science Based Targetd initiative
Responsible products
Improved transparancy of GHG emissions of our products utilizing the cradle-to-grave methodology.
Carbon footprint (cradle-to-grave) for single Power Unit: 27.0 tCO2eq and Satellite 0.9 tCO2eq
The best workplace for future professionals
Safety LTIF:
3.8 in 2024
In 2024, we undertook the work to join the Science Based Targetd initiative

Our focus areas

Decent work and economic growth
Nekkar promotes equal opportunities for employees regardless of their gender, age, ethnic or cultural background. Nekkar’s employees should be treated with respect and the company shall ensure a safe and healthy working environment for everyone.
Industry innovation & infrastructure
Designing and adapting our products to foster innovation and the development of sustainable technology is a key consideration in Nekkar’s product development.
Life below water
The ocean represents a highly significant resource in terms of food, energy and value creation and has a high priority in our efforts to ensure a sustainable future.
Peace, justice & strong institutions
Nekkar aims to promote and maintain the highest ethical standards to create a trust-based relationship with our stakeholders. The company shall comply with laws and regulations, act in an ethical, sustainable and socially responsible manner and otherwise

"Being a sustainable company means that we are never satisfied with the status quo, but continuously improving."

— Ole Falk Hansen, Chief Executive Officer

Our approach

Integrated ESG reporting
Nekkar’s sustainability efforts are fully integrated into our annual reporting, following the Global Reporting Initiative (GRI) Standards, Euronext ESG guidance, and the Norwegian Transparency Act.
Stakeholder engagement
In 2024, we conducted a double materiality assessment, including dialogue with investors, employees, customers, suppliers, and authorities, to ensure that our sustainability strategy reflects both impact and financial materiality.
Global standards
We align with OECD Guidelines for Multinational Enterprises, the UN Universal Declaration of Human Rights, and ILO core conventions.