Sustainable project developement

Statkraft participates in a number of power development projects, mainly outside of Norway. Statkraft seeks to develop profitable power plants which will generate lasting economic, social and environmental value to the local communities.

Project planning and implementation

All power developments impact the environment and local communities, and the potential negative consequences must be weighed against the positive in all such projects. Power development projects in Statkraft are planned in cooperation with local authorities and experts within areas such as environment, health and safety and social impact. The International Finance Corporation's performance standards relating to sustainable conduct. are emphasised and set as requirements for several of our projects. The requirements of the standards include carrying out social and environmental impact assessments.

In the development of hydropower projects, we also apply the International Hydropower Association’s Sustainability Guidelines and Assessment Protocol to measure the projects’ sustainability performance.