Aker strives to protect, preserve, and restore the environment and biodiversity on land and in the ocean. For decades, we have been active in the oil and gas industry, which will also continue to be important for Aker going forward. The transition to a low carbon economy needs financing, energy and competence.
In recent years, Aker has invested heavily in the energy transition. We engage our portfolio companies in making fossil fuel production and industries greener through emission reduction, technology development and improvement.
Climate change
Aker is committed to addressing its climate impacts and climate-related risks. As a responsible investor in the low-carbon energy transition, we see opportunities to create value through investment in sustainable solutions that reduce GHG emissions. As an active owner, Aker engages with its portfolio companies on climate-related risks and opportunities
How we are part of the solution
We limit our environmental impact and adapt to climate-related challenges, risks and opportunities. We leverage new opportunities that arise as a result of the work for a more sustainable future and new technologies.
First Movers Coalition Founding Member
The First Movers Coalition is a ground-breaking initiative by the World Economic Forum and US Special Presidential Envoy for Climate John Kerry. Its purpose is to drive demand for decarbonizing solutions.
Aker is joining the First Movers Coalition as a founding member, along with some of the world’s biggest companies, because we have a shared commitment to hasten demand for sustainable and low-carbon materials and products.
Aker wants to accelerate the transition to zero emissions. As innovators of some of the required climate solutions, we know that early adopters of new technology are critical success factors. Aker will engage its portfolio companies to commit some of their purchasing power to clean, green tech.
Learn more about the First Movers Coalition here: First Movers Coalition is tackling the climate crisis | World Economic Forum (weforum.org)
Aker Horizons: Reducing emissions, creating value
Aker Horizons exercises active ownership in companies within renewable energy and green technology to limit and reduce greenhouse gas emission, while providing substantial value creation over time.
Aker Horizons’ portfolio platform includes investments in the listed companies Aker Offshore Wind and Aker Carbon Capture, as well as in Mainstream Renewable Power, Aker Clean Hydrogen and REC Silicon. The sunrise portfolio includes ongoing initiatives and opportunities within solar, transmission technology and other ventures.
Carbon capture: Unique technology to secure a better future
Aker Carbon Capture is a leading carbon capture technology provider. It strives to mitigate the environmental cost of industry for a brighter, more sustainable future.
The carbon capture market potential grows every day. Aker Carbon Capture’s past experience, and current resources, the company is uniquely positioned to become the #1 carbon capture player. Aker supports the company’s work to position itself in the market for low carbon solutions.
Read more at www.akercarboncapture.com.
Offshore wind: Deepwater offshore wind power production
Aker Offshore Wind strives for a sustainable future - driven by clean, green energy. The company plays a leading role in the development of deepwater offshore wind solutions. Its ambition is to make a significant contribution to the industrialization of solutions and the reduction of costs associated with future offshore wind projects with a minimal environmental footprint. Efforts are made to add value to society, stakeholders and create significant value for shareholders. Aker supports the company's ambition to continue to hold a leading role and further develop its offshore wind solutions.
Read more at www.akeroffshorewind.com.
HUB Ocean – Promoting a sustainable ocean
The Centre for the Fourth Industrial Revolution (C4IR) Ocean was jointly established by Aker and the World Economic Forum in 2019.
HUB Ocean is an independent foundation jointly established by Aker and the World Economic Forum in 2019 as an Affiliate Centre for the Fourth Industrial Revolution Network. It changed its name to HUB Ocean from C4IR Ocean early in 2022
HUB Ocean is creating a global ocean data collaboration hub, where date is shared without boundaries to advance ocean health and wealth. HUB Ocean aims to change the fate of the ocean by unleashing the power of data, technology and collaboration. We are proud to have Microsoft as our main partner in HUB Ocean. In addition to WEF and Aker, other partners are Aker BP, Aker BioMarine, Aker Energy, Aker Solutions, Cognite, Ocean Data Foundation and REV Ocean.
Read more about the Ocean Data Platform below.
Increasing ocean knowledge
Ocean Data Platform releases data and makes it available to researchers and decision makers. The platform contains ocean data from 220,000 research cruises since 1890. The goal is to become the largest, most inclusive hub for data and knowledge that helps reduce emissions, solve plastic challenges and stop overfishing.
Aker BP – Optimizing energy
Aker BP continues to be an operator with low carbon emission intensity. In 2019, Aker BP’s CO2 intensity was below 7 kg CO2/boe (equity share), which is less than half the global industry average, and also below the average for Norwegian continental shelf operators.
From 2020 on, Aker BP’s goal is to deliver an emission intensity below 5 kg CO2/boe. Power generation offshore accounts for 80 percent of Aker BP’s CO2 emissions. We believe that great improvements can be achieved through further energy optimization efforts. Aker BP’s Skarv asset is a very good example of this. Skarv has reduced the export pressure and cut energy use in its FPSO gas cleaning process. As a result, CO2 emissions have been cut by 22,000 metric tonnes annually.