Aker is committed to protecting, preserving, and restoring nature and biodiversity on land and in the ocean. With decades of experience in the oil and gas industry, Aker has a unique opportunity to lead the transition to a low-emission economy. Through its investments activities, Aker aims to continue delivering energy while reducing environmental impacts and using its expertise to develop new technologies and solutions that benefit society and the planet.
In conventional energy production, Aker’s position is represented by the Norwegian E&P company, Aker BP - a leader in producing oil with low emissions and low cost. Aker continues to build on the shoulders of its existing capabilities, leveraging industrial expertise, and invest in and develop technology and infrastructure for lower emissions energy production for a sustainable future for all.
Climate change
Aker strives to address its climate impacts and related risks. As a responsible investor in the energy transition, Aker recognizes the potential to create value by investing in sustainable solutions that reduce GHG emissions. Aker is an active owner that engages with its portfolio companies on climate-related risks and opportunities. Over the last years, Aker has taken deliberate steps to diversify its portfolio, resulting in a successful strategic shift that positions the company well to deliver value in the future and within an expanding global energy mix.
Read more about how Aker addresses climate risk in Aker’s TCFD report included in Aker Annual Report, available via the Sustainability Library.
How we are part of the solution
We strive to limit our environmental impact and adapt to climate-related challenges, risks and opportunities. By leveraging new opportunities that arise from our efforts, we work towards a more sustainable future.
First Movers Coalition Founding Member
Alongside some of the world’s largest companies, Aker is a founding member of the First Movers Coalition (FMC), a groundbreaking initiative by the World Economic Forum and the US Special Presidential Envoy for Climate, John Kerry. The coalition aims to drive demand for low-emission solutions. Through FMC, Aker has committed to accelerating the demand for sustainable and low-emission materials and products.
Aker is dedicated to accelerating the transition to zero emissions. As innovators of essential climate solutions, we understand that early adopters of new technology are critical to success. Aker engage its portfolio companies to commit a portion of their purchasing power to clean, green technology.
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 develops green energy and green industry to accelerate the transition to net zero. Its mission is to decarbonize industry on a global scale.
Aker Horizons pursues this through active ownership in companies with a clear planet-positive mandate, and by developing large-scale decarbonization projects. The core areas of Aker Horizons consist of renewable energy, carbon capture and hydrogen – three key levers to achieve net zero by 2050.
As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive global decarbonization. Aker Horizons exercise active ownership, combining industrial, technological and capital markets expertise, to reduce CO2 emissions, while creating value over time.
Industry Capital Partners – a net zero investment platform
Aker has established the investments platform, Industry Capital Partners (ICP), under the management of former head of Norges Bank Investment Management, Yngve Slyngstad. The platform is designed to finance the green shift by bringing industry and capital closer together, enabling effective and high-impact investments.
ICP strategically focuses its portfolio through two investment arms: ICP Asset Management and ICP Infrastructure. ICP Asset Management, led by Petter Johnsen, invests globally in listed companies positioned to benefit from the transition toward a low-carbon world. ICP Infrastructure, led by Christian Rynning-Tønnesen, invests in large-scale energy transition infrastructure, from renewable energy production to industrial decarbonization.
Offshore fish farming – for an environmentally friendly and sustainable fish farming industry
Aker, together with SalMar, a leading Norwegian fish farming company, has established SalMar Aker Ocean. This new venture will farm fish in offshore exposed areas, reducing the environmental footprint and improving fish health.
HUB Ocean – Empowering data-driven decision and collaboration for the ocean
HUB Ocean is an independent, non-profit foundation established in 2019 with the mission to change the fate of the ocean by unleashing the power of data, technology, and collaboration. Its goal is to become the world's ocean data collaboration hub.
The core project of HUB Ocean is the Ocean Data Platform. This open, collaborative tool unlocks and aggregates ocean data to promote scientific collaboration, industry transparency, and regulatory power.