Most sustainable for fourth time
“Being ranked highest on the Dow Jones Sustainability Index shows that our systematic approach to environmental and social responsibility gives results and is appreciated by the market”, says Rolf Magne Larsen, Statoil’s senior vice president for country analysis and social responsibility.“Being ranked highest on the Dow Jones Sustainability Index shows that our systematic approach to environmental and social responsibility gives results and is appreciated by the market”, says Rolf Magne Larsen, Statoil’s senior vice president for country analysis and social responsibility.
“It makes us proud that our efforts are recognised – contributing to sustainable development is one of the company’s core values. But we know that we must improve further – the environment and the societies in which we work will require that. This feedback will give further stimuli to continue our striving for improvements."
Twenty companies in the oil and gas sector gained a place on the DJSI World index this year, up from 11 during the previous year, reflecting the increasing attention given by leading companies in the oil and gas industry to their sustainability performance.
The DJSI World Index rates sustainability performance along three dimensions – economic, environmental and social. Statoil takes first place in the main environment dimension, as well as in the subgroups for environmental performance, where it has made great advances compared with 2006. Statoil also ranks first on social impacts on communities as it did last year.
Statoil is also among the leading companies in the subgroups for corporate governance, occupational health and safety, and standards for suppliers. On economic performance Statoil is again ahead of the industry average although with a lesser margin than last year.
Statoil’s leading sustainability performance is also recognised on several other sustainability indices, including the FTSE4Good Index and the Goldman Sachs’ Environment, Social and Governance (ESG) index. Statoil has also been rated as Best in Class by Storebrand’s Socially Responsible Investment (SRI) division.