Sustainability at KAEFER Energy
KAEFER Energy’s services and products have a direct impact on efficiency, effectiveness, availability and serve the long life of industrial plants and therefore help our customers to achieve their sustainability goals.
At KAEFER Energy, sustainability means making responsible business decisions that create value while protecting the environment and contributing to the good of society. Consequently, sustainability is at the core of KAEFER Energy’s strategy.
Sustainability is about meeting our own needs without compromising the ability for future generations to meet their needs. In addition to natural resources, we also require social and economic resources. Our goal of corporate sustainability is to provide long-term value for stakeholders as a company without compromising people, the planet, or the economy.
LIFT2026
Sustainability is embedded into KAEFER Energy’s overall strategy called LIFT2026 and is not a separately developed strategy. The world is constantly changing. To ensure that KAEFER Energy adapts to the changes in our environment and surroundings, and to be sure that we are a part of the future in the years to come, we have implemented a strategy or a path to be prepared for the coming opportunities and changes. We have chosen to call this strategy LIFT26, which means to lift ourselves up, with great ambitions for our customers, for our deliveries and not least for our employees. Together we face the future supported by 3 priorities: People, Operation, and Future.
We encourage our employees to develop and use their potential through training, involvement, and participation. We will help each other perform at our highest level!
We improve our deliveries and increase customer value in the areas of HSE, quality, cost and planning using lean methods and digital solutions!
Together we will strengthen our position further and win new markets, by being a driving force for sustainable development and best technologies and the best methods!
The KAEFER Team Grows with Lean
KAEFER Energy uses Lean methodology and trains our employees in understanding and practicing Lean principles. This results in a safe and healthy working environment, standardized processes, increased efficiency, and competitiveness.
With Lean methodology and digital solutions, we will strengthen our deliveries and add increased customer value (HSE, quality, cost, schedule).
KAEFER Energy has received awards for its Lean work, including the "Lean Award of the Year" in 2019 provided by “Flowit AS" (1)
We support SDGs
We support the Sustainability Development Goals (SDGs) set up in 2015 by the United Nations. We at KAEFER ENERGY see business opportunities in the goals, but we also aim to shoulder our responsibility for our adverse impacts and to prevent them. Based on an impact assessment for all 17 SDGs, KAEFER Energy is prioritizing 8 SDGs where we have the most impact and were we aim to contribute positively.
Contribution to the SDGs
KAEFER Energy’s value chain and main sustainability impacts
Our materiality analysis consider what is important to our stakeholders against important topics reflecting KAEFER Energy’s economic, environmental, and social impacts.
Stakeholder involvement
We base our assessments on KAEFER Groups evaluations, where these top 3 material topics were identified as important to our business units, shareholders, and employees through a:
- State-of-the-art PPE to minimize health risks
- Emission reduction through insulation
- Strong corporate governance and compliance
Value chain analysis and main sustainability impacts
Value chain analysis and identification of the most important sustainability effects was carried out in collaboration with key administrative personnel (Purchasing, HR, HSE, etc.) as well as operative specialists within the ISO disciplines, the IT department, chief safety delegate and others. Our sustainability risk assessment and materiality assessment are based on the most important findings of this analysis
Materiality analysis
The materiality analysis for KAEFER Energy was carried out by the Sustainability Steering Committee. The findings of KAEFER Group's stakeholder report and the interests of our stakeholders in Norway were assessed against our impact on sustainability, with regard ESG-impacts and finances. The results are shown in the figure below.
Materiality assessment, KAEFER Energy 2022
Sustainability priorities and performance 2022 summary
Sustainability ambitions and roadmap 2023 - 2050
KAEFER Energy’s long term sustainability ambitions
Focus areas will be addressed in a Sustainability Action Plan, which will be launched in Q1 2023.
Below we share our environment – roadmap (fig.4) for how we will reach our climate related goals to reduce GHG emissions and engage our supply chain and customers.
Environment-roadmap, KAEFER Energy