Shaping a sustainable energy future

Statoil has created substantial value and contributed to the development of society for almost 50 years. Today we supply energy to millions of people, every day. To be successful in the coming decades, we must be part of the response to the great challenges facing the world.

We believe the world needs more climate-efficient oil and gas production and strong growth in profitable renewable energy. We will develop our business in support of the ambitions of the Paris climate agreement. We are inspired and guided in our activities by the United Nation’s Sustainable Development Goals, and our commitment to long-term sustainable value creation is in line with the principles of the United Nation’s Global Compact.

Statoil’s vision is to shape the future of energy. Our purpose is to turn natural resources into energy for people and progress for society. Sustainability is at the heart of our operations and strategy. 

Shaping a sustainable energy future
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Statoil has captured and stored a total of 22 million tonnes of CO2 to date (accumulated, 2017).

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Statoil developed Hywind, the world’s first full-scale floating wind turbine, which can withstand 19 metre waves. 

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Statoil has set an ambitious target of reducing emissions per barrel by 20% by 2030.

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Sustainability is at the heart of our operations and strategy. We empower our employees to implement our business strategy through sustainable performance. Here are some of our many stories on how we work across the company. 

Our approach to sustainability lies at the core of our corporate strategy, our governance and decision-making – strengthening our resilience and informing our growth opportunities.

The sustainability issues that we prioritise reflect our value chain, the business context we face and the strategy we are pursuing: Always safe, high value, low carbon. Our corporate values, code of conduct and commitments guide our understanding and responses to these. These are outlined in the Statoil Book.

Safe and secure operations, empowered people, and stakeholder engagement have been defined as key enablers for our strategy, along with technology and innovation. Climate change considerations have also been further embedded in our corporate strategy. 

RESPONDING TO CLIMATE CHANGE

SAFEGUARDING PEOPLE, THE ENVIRONMENT AND ASSETS

MANAGING OUR ENVIRONMENTAL IMPACT

CREATING VALUE FOR SOCIETY

RESPECTING HUMAN RIGHTS

CONDUCTING OUR BUSINESS WITH INTERGRITY AND TRANSPARENCY

Our sustainability reports

Statoil reports openly about our sustainability priorities and performance. Our annual sustainability report is externally verified and prepared in accordance with recognised frameworks such as the Global Reporting Initiative (GRI) G4 Guidelines and the UN Global Compact Communication on Progress requirements.

Here you will find our sustainability reports, as well as CDP submissions, UK Modern Slavery statements, Payments to government reports (part of the Annual report and Form 20-F since 2016) and the sustainability data hub. 

Sustainability awards and ratings

Statoil's ambition is to contribute to sustainable development — and we are proud to have received the following recognitions for our sustainability performance.

Modern Slavery Act transparency statement 

We are working continuously to embed human rights and implement adequate human rights due diligence processes into the way we conduct our business. The Statoil group recognises its responsibility to contribute to the global efforts to combat modern slavery. The Board of Directors of Statoil ASA and Statoil UK Ltd have reviewed and approved this statement.