A clear environmental profile and good environmental performance are required for a sustainable operation. In addition to this, we believe it improves the company’s competitive position and protects the value of current and future assets.
We endorse international and country specific environmental obligations relevant to the activities we perform. Continuous development of staff, competence and systems aids us in our effort to achieve our own as well as stakeholder’s expectations.
Our Environmental Policy emphasize that we shall:
- Assess and manage the environmental impact of the operations
- Comply with applicable environmental laws, regulations and other requirements, as a minimum
- Promote resource and energy conservation, waste minimization, and pollution prevention programs and, where applicable, support research within these areas
- Ensure that environmental, energy and resource management considerations are an integral part of the management process for all business activities
- Enhance employee awareness of environmental programs and policies and provide professional environmental support and training
- Recognize and respond to employee and community concerns regarding the environmental aspects of the operations
- Set quantifiable environmental objectives and targets that result in continual improvement
- Continuously monitor, assess and improve our performance
- Consider environmental performance objectives in employee and contractor evaluations, rewards and recognition
- Assess and report on the status of the Company's environmental performance and conformity with the Company's environmental policy
Emissions and Reduction Targets
Greenhouse gas (GHG) emissions pose regulatory and reputational risks to the energy sector, with implications on the financial markets, corporate performance and reputational considerations. The regulatory landscape has changed rapidly during the past few years, and we are continuously adjusting in order to meet the changing requirements and expectations.
Sensible economic measures that improve energy efficiency and reduce emissions are welcomed by DNO. Energy efficiency expectations are integrated into DNO’s daily business operations and facilities. We comply with applicable regulatory emissions limits and pursue reduction opportunities where we can.
We continuously work with our fiscal regime to enable disclosure of performance data to rating agencies like Carbon Disclosure Project (CDP) and the like.
Environmental goals and performances
DNO sets short- and long-term business targets for reducing both CO2 emissions and energy consumption. In addition, the company has a zero tolerance to unplanned discharges into the environment. But in the process of producing oil, it is difficult to avoid all discharges - such as various chemicals and produced water.
If any unplanned discharges occur, the management is immediately notified and the situation is carefully analyzed to prevent future incidents.
We also invest considerable efforts and resources into minimizing and eliminating our environmental footprint through specific restoration projects.
The technical complexity of our operations continuously develops. We take due notice of the rating agencies enhanced focus on reporting, and are adjusting our planning, monitoring and reporting activities in order to comply with international expectations and standards.
Environmental management and organisation
We systematically manage environmental issues in order to improve our performance. Our Business Management System and annual plans govern our activities. All targets and results are made available to government and the public either in separate reports, or on our website. These reports are updated on a continuously.
Our Leaders are made accountable for the full implementation of new requirements. Based on targets set by corporate management, each business unit is responsible for planning, executing, and following up on environmental issues.
We use audits and reporting programs to verify compliance and ensure disclosure of data requested by our stakeholders.
Environmental risk management
The basis for our approach to environmental risk is based on several processes. The companies Risk Management system will address risks at corporate and business unit levels, and will assess the validity and robustness of existing barriers. In addition to this process, mandatory regional assessments (Environmental Impact Assessments, EIA) will address sensitivities subject to follow up and monitoring. The requirements for EIA’s are formalized in our Production Sharing Contracts. The relevant governmental authority governs these contracts.