We have consistently been included and received high ratings in several Socially Responsible Investing (SRI) indices.

In September 2007, Statoil was ranked as the best oil and gas company in the world for sustainability by the Dow Jones Sustainability Index for the fourth consecutive year, and Hydro received the same accolade for the basic resources sector for the second year running.

The company has also been highly ranked on other indices, some of which are described below. 

The Dow Jones Sustainability World Index (DJSI World)

This index comprises more than 300 companies selected out of the 2500 companies in the Dow Jones World Index.

Companies are assessed along three main dimensions and in several subcategories:

Economic (codes of conduct, corporate governance, risk and crisis management, and several industry specific criteria including customer relationship management, exploration and production, gas portfolio)

Environmental (environmental performance/eco-efficiency, environmental reporting, and several industry specific criteria including biodiversity, climate strategy, refining/cleaner fuels)

Social (corporate citizenship/philanthropy, labour practice indicators, human capital development, social reporting, talent attraction and retention, and several industry specific criteria including occupational health and safety, social impacts on communities, standards for suppliers)

Following an annual review, the companies representing the top 10 per cent in terms of sustainability performance in their sector are included in the index. The company having the highest total score on the basis of all categories is ranked as “supersector leader”. In 2007 both Statoil and Hydro achieved this rank – Statoil for the fourth consecutive year in the oil and gas industry, and Hydro for the second year running in the basic resources industry.  

The Goldman Sachs’ Environment, Social and Governance (ESG) analysis focuses exclusively on the oil and gas industry.

It assesses management quality and performance based on a total of 28 indicators in five categories. In parallel, it also reviews companies on the basis of increasing cash returns, and on the basis of materiality (access to reserves in particularly promising projects).

Companies scoring highly on all three factors (ESG performance, cash returns and materiality) are included in the “winners circle”.

In 2006 , Statoil was ranked third on the ESG index among 26 companies covered by the survey.  

FTSE4Good

The FTSE4Good has criteria in the areas of environment, social and stakeholder issues (including ethics and corporate governance), and human rights (including labour rights), supply chain labour standards and countering bribery criteria.

The index is designed to reflect a broad consensus on what constitutes good corporate responsibility practice globally, and originates from common sets of principles such as the Universal Declaration of Human Rights , the OECD Guidelines for Multinational Enterprises , the UN Global Compact and the Global Reporting Initiative .

The index works on a “pass the hurdle”, inclusion/non-inclusion basis, and consequently does not rank companies in each sector relative to each other or a maximum score.

Statoil has been an index constituent since 2002 and Hydro since 2001. 

Storebrand’s Socially Responsible Investment (SRI) team performs periodic analyses of companies listed in the Morgan Stanley Capital International World Index.

These analyses cover environmental and social responsibility performance.

Those companies ranking among the top 30 percent of Storebrand’s SRI assessment earn the Storebrand Best in Class qualification.