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KONGSBERG receives top sustainability rating

In 2022, KONGSBERG has been identified as an ESG industry Top Rated company by market leading ESG-analysis company Sustainalytics.

Sustainalytics, a Morningstar company, is a leading independent ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. Sustainalytics is globally acknowledged by investors and other stakeholders as an important source of information and it assesses risks on a broad scale including amongst other companies’ exposure and management of areas such as pollution, governance, ethics, human capital and data privacy.

Compared with peers of equal size based on revenue KONGSBERG has been rated number one and compared with all companies in its industrial category, KONGSBERG is rated sixth, placing KONGSBERG in the top five percentile.

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“Sustainability forms an integral part of KONGSBERG’s strategy. Being a knowledge-driven company and a technology and innovation powerhouse, we have an opportunity-driven mindset towards sustainability in our entire operations. At the same time, it is critical to understand and manage the risk we face everywhere we operate”, says Even Aas, Executive vice president public affairs, communication and sustainability of KONGSBERG.

“We are putting strong efforts into running our business in a sustainable and transparent way which this rating proves. The results achieved so far are due to great efforts by all involved, and this motivates us to continue the diligent work. We aim towards delivering more sustainable solutions to our customers, as well as taking considerable measures to improve our own operations”, says Aas.

In its report, Sustainalytics concludes that KONGSBERG follows best practice and that the company’s ESG issues are overseen by the corporate executive management team entailing the issues are integrated in core business. On specific points Sustainalytics amongst other highlights how KONGSBERG’s Environmental Management System is certified to the ISO standards, how greenhouse gas emissions are monitored and the company’s strong ethics policies.

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Even Aas, Executive vice president public affairs, communication and sustainability of KONGSBERG.

“This rating covers most aspects of our operations, and our products and solutions and the acknowledgement confirms that we are developing in the right direction. Going forward we plan to take considerable measures in lifting our value chain to further deepen our positive impact. KONGSBERG has more than nine thousand sub-suppliers, many small and medium-sized specialised businesses, and we can really make a difference by collaborating and helping each other in developing sustainable and green solutions,” says Aas.  

KONGSBERG (OSE-ticker: KOG) is a leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.

Copyright ©2022 Sustainalytics. All rights reserved. This article contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.