The Human Development Index (HDI) is an index in the UN’s global sustainability goals which measures the prosperity of the world annually in terms of a long and healthy life, being knowledgeable, and having a decent standard of living. The health dimensions are assessed based on life expectancy at birth. Knowledge is measured through mean years of schooling for adults aged 25 years and older, as well as expected years of schooling for children of school age. Standard of living is measured as gross national income per capita. Decent working conditions promote sustainable economic growth globally. Good conditions for innovation and entrepreneurship and safe, decent working conditions support sustainable economic growth.
Sustainability
OUR THOUGHTS ON SUSTAINABILITY AND FUTURE DEVELOPMENT
Every individual, organization, and community have a responsibility to contribute to sustainable development without jeopardizing the ability of future generations to enjoy equal or better conditions for the same quality of life.
For Northern Offshore Services (N-O-S), sustainable development includes three different components. By integrating these components into our strategic and operational work, we contribute to sustainable development.
The first is social sustainability, which means working over the long term to strengthen the social conditions for future generations. This means ensuring that current and future social and economic situations meet fundamental human needs with regard to livelihoods, justice, health, education, culture, religion, peace, and human rights.
The second — ecological sustainability — means long-term preservation of the production capacity of water, soil, and ecosystems, as well as bringing the human impact on the environment and human health down to a level that is sustainable and allows the environment to recover at the same rate.
Lastly, financial sustainability means using, nurturing, and managing human and
material resources for the long term by conserving our finite resources and avoiding having a negative impact on future generations.
As part of Northern Offshore Group, we are part of Northern Offshore Group’s sustainability reporting, and it is inspired by the GRI (Global Reporting Initiative) reporting framework. This report aims to summarise and outline our sustainability work and has been divided into three focus areas: The Environment, The Employee, and Responsible Business.
Our Code of Conduct is the framework that explains the behaviour we expect from every employee and stakeholder around the world. This policy lays out the company’s principles, standards, and the moral and ethical expectations that employees and third parties are held to as they interact with the organization.
AGENDA 2030
WORKING WITH THE 2030 AGENDA AND THE GLOBAL SUSTAINABLE DEVELOPMENT GOALS
The 2030 Agenda for sustainable development, which was adopted by all UN member states in 2015, provides a common plan for peace and prosperity for people and the planet, now and in the future.
At its heart are the 17 Sustainable Development Goals (SDGs), which present an acute challenge for all nations. In order to produce relevant environmental goals, we have taken into account the company’s significant environmental considerations in relation to the 2030 Agenda. The goals that Northern Offshore Group is best able to influence are SDGs 8, 12, 13, and 14.
SDG 8: DECENT WORK AND ECONOMIC GROWTH
SDG 12: RESPONSIBLE CONSUMPTION AND PRODUCTION
Many of the world’s natural resources are finite. We are currently using up more natural resources than the Earth can replenish, for example in the form of fresh water and forests. Non-renewable raw materials such as metals and chemical elements such as phosphorus are in danger of running out. Goods and services affect the environment throughout their entire lifecycle, including manufacture, use, reuse, material recycling, treatment of waste, and all stages of transport. Purchasing goods and services is a significant environmental consideration for us, for which we have created environmental targets.
SDG 13: CLIMATE ACTION
The combustion of fossil fuels generates carbon dioxide, sulfur dioxide, and nitrogen oxide emissions. The release of emissions results in the formation of ground-level ozone, which prevents photosynthesis, which in turn can result in smaller harvests. It also has a negative impact on human respiratory organs. Emissions of greenhouse gases such as carbon dioxide and dinitrogen monoxide drive the greenhouse effect. The greenhouse effect is a natural phenomenon whereby greenhouse gases can absorb certain wavelengths of thermal radiation as they leave the Earth’s surface. When the concentration of greenhouse gases increases in the atmosphere, the greenhouse effect is amplified, resulting in a temperature increase referred to as “global warming”. Emissions from the combustion of fossil fuels are one of our most significant environmental considerations, for which we have created environmental targets.
SDG 14: LIFE BELOW WATER
Since we operate in a marine environment, we have a strong focus on ensuring that SDG 14 (Life below water) is met. Ocean acidification can be caused by the uptake of atmospheric carbon dioxide. A third of the carbon dioxide emissions in the air are absorbed by the oceans. The carbon dioxide reacts with the water and is converted into carbonic acid, which lowers the pH level. Acidification affects sensitive biotopes such as coral reefs, which support almost a fourth of all species of fish. Because this is a significant environmental consideration for us, we have created environmental targets to reduce our emissions.
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SUSTAINABILITY REPORT
We strive for long-lasting relationships and good collaboration with our stakeholders, whose opinions help guide our business.
Below is the download link for the Northern Offshore Group Sustainability Report.