Sustainability is at the core of Aker Horizons’ investments, decisions and operations

Sustainability at Aker Horizons

Aker Horizons is an owner of industry-leading companies driving decarbonization and sustainable development, and a developer of projects converting renewable energy into clean hydrogen and its derivatives. Sustainability at Aker Horizons encompasses the investments we make, the projects we develop, and our engagement with the companies we own. We are committed to develop a portfolio of companies and projects that are planet-positive.

What is planet-positive

The concept of planet-positive recognizes that climate action and sustainable development cannot be reduced to a simple, one-dimensional approach.

To qualify as planet-positive, the activity must have a significant positive impact on one environmental objective, without causing serious adverse impact on another environmental objective or have an adverse social impact. Environmental objectives may include for instance climate mitigation, pollution reduction, circular business models or biodiversity impact.

Our sustainability ambition is anchored in our strategy and embedded in the highest level of governance in our organization. Aker Horizons’ sustainability policy summarizes our commitments across four key pillars:

 

Earth
Planet-positive impact

  • Our investment thesis is grounded in a desire to be planet-positive
  • We commit to accelerating net zero

People

Respect for people

  • We are dedicated to respect for human and labor rights
  • We ensure diversity, inclusion and a secure working environment

Heart

Prosperity for all

  • We strive for our solutions to contribute to reduced economic inequality
  • We engage in science, technology and innovation to support our sustainability agenda

Governance

Good governance

  • We ensure good corporate governance throughout our organization
  • Planet-positive impact is a top strategic priority

Sustainability targets

Aker Horizons has set ambitious and time-bound strategic targets for our positive impact through the expansion of planet-positive activities.

 

Our 2025 ambitions

1 Measuring total capital investments, projects in operation and construction and annual emissions reduction from projects in operation and construction respectively (as defined by Aker Horizons’ accounting policy), originated by Aker Horizons and platform companies, before sell-downs. For other projects, Aker Horizons’ or platform companies’ pro rata share of projects has been applied.

SDGs

Aker Horizons supports the Sustainable Development Goals, and has identified eight priority SDGs on which we believe we can exert the greatest planet-positive impact.

Business development and investments

Aker Horizons is committed to undertaking planet-positive investments necessary to restore climate, the environment and biodiversity and to do so by developing sustainable, responsible and profitable companies and workplaces. Sustainability considerations are incorporated in the early-stage processes for both investments and project development, through initial screenings, impact analyses and due diligence.

Active ownership

As an active owner of companies, Aker Horizons engages directly with our portfolio companies on sustainability topics, and supports their journey to become best-in-class on sustainability. Our involvement takes place at various levels – from corporate dialogue, through direct board and/or nomination committee positions and through general meetings.

Transparency and reporting

Aker Horizons believes in tracking, assessing and transparently reporting our sustainability performance. Transparent reporting contributes to maintaining accountability and internal focus on sustainability topics, understanding progress towards our own targets as well as fulfilling emerging reporting requirements and meeting investor expectations. By using recognized frameworks, we can contribute to a broader industry movement of comparability and across-the-board transparency.

“Sustainability underpins all our actions and drives our long-term value creation. It shapes our strategy, business development, investments and ambitions. It sets out specific commitments and requirements in relation to our planet-positive impact, respect for planet and people, good governance and prosperity for all. It also defines how Aker Horizons exerts active ownership.”

Selma Skov Høye

Sustainability Director

Since 2021 Aker Horizons has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment and anti-corruption. Aker Horizons is a signatory to the Principles for Responsible Investments, and a partner of the Net Zero Asset Managers initiative of the Institutional Investor Group on Climate Change. Aker Horizons was for the first time in 2022 a disclosing company to the Carbon Disclosure Project, and has committed to set a science-based target through the Science-Based Targets initiative.

Results and ratings

All figures presented are taken from the 2021 Annual and Sustainability Report, and will be updated for 2022

 

Greenhouse gas emissions

Aker Horizons’ carbon accounting methodology will be adapted for 2022

 

Sustainability ratings

Sustainability ratings

 

Taxonomy status

Main KPIs – determined in accordance with Annex 1 og the Art 8 Delegated Act

Voluntary KPIs – equity share of all investments

 

Other key figures

 

1 Market-based, the location-based proportion was 98.56%

2 The number of employees working for companies where Aker Horizons is the main shareholder, directly or indirectly, increased from 862 to 1,177

Sustainability library

Policies and guidelines

Sustainability Policy

Business Partner Code of Conduct

Guidelines for Equality, Diversity and Inclusion in Governing Bodies and Executive Management

Reports

Green Financing Report 2021

Annual and Sustainability Report 2021

Reporting concerns

Aker Horizons welcomes feedback on how we manage sustainability, including but not limited to human and labor rights. If you, as an individual, community or company, have questions or concerns regarding our activities, our feedback channel is open to anyone. All grievances are taken seriously. It is possible to report anonymously, and the mechanism is available in many languages. Please select the category “other” if the concern is not related to compliance and integrity, but relates to the topics described above – including human rights.

If you seek information about Aker Horizons’ work on sustainability, including requests associated with the duty to provide information under the Norwegian Transparency Act, please contact our Sustainability Director.

Whistleblower and feedback channel

Report a concern through our whistleblower and feedback channel
akerhorizons.portal.speeki.com

General enquiries or other requests

Selma Skov Høye
Email: selma.hoye@akerhorizons.com
+47 48 27 72 07