Sustainability reporting
Statkraft communicates with its stakeholders in an open, accurate and timely manner. Our sustainability reporting is based on the recommendations of the Global Reporting Initiative.
Dialogue with stakeholders
Statkraft's Code of conduct mandates that we communicate with our stakeholders in an open, accurate and timely manner. The Group principles specify that environmental and social consequences of the activities must be communicated. Sustainability reporting therefore represents an important and integral part of the company’s annual report.
Statkraft is engaged in dialogue with many stakeholders, including employees, owners, customers, suppliers, local and regional authorities, voluntary organisations and media. Such dialogue may include:
hearings and information meetings in connection with development projects
regular meetings with local stakeholders in areas where Statkraft is active
project co-operation with voluntary organisations and R&D environments
various questionnaire surveys
internal information meetings and cooperation with trade unions
Using GRI as a basis
Statkraft's sustainability reporting is based on GRI's recommendations for voluntary sustainability reporting, including GRI's ten reporting principles. The principles describe a process to clarify what should be reported and how this reporting should be carried out.
Statkraft has developed guidelines for the company's sustainability reporting which highlight all important sustainability aspects in the Group and take into account the requirements and expectations of our most important stakeholders.
Statkraft's sustainability report reflects the most important sustainability issues on the Group level. More detailed information about individual projects and local issues and activities can be found on our website.
Verification of sustainability information
Statkraft's information relating to sustainability is to be transparent, relevant and reliable. The company’s external auditor has therefore reviewed the company’s sustainability reporting for 2009, and the management systems and processes on which the reporting is based.
The auditor's work is based on the attestation standards SA 3000 and the AA1000 Assurance Standard (version 2008), where the latter in particular has been developed for attestation of sustainability reporting. The standard not only focuses on the actual report, but also includes an analysis of the management systems and processes which are of key importance to the company’s management of sustainability issues, and which underpin the report.
AA1000 Accountability Principles Standard (2008 version) describes principles related to materiality, completeness and involvement of stakeholders. We believe that the reporting practice used in Statkraft fulfils these principles.
Result of the verification
The auditor's conclusion from the verification work is set out in the auditor's statement. In addition, the auditor makes comments and recommendations regarding Statkraft's further work on sustainability reporting.
