Corporate Social Responsibility at Aker 2014 Proud Ownership Corporate Social Responsibility at Aker 2014 2

Corporate social responsibility at Aker 2014 Proud ownership Corporate social responsibility at Aker 2014 2

INTRODUCTION 3

AKER’S CSR PRIORITIES AND THE COMPASS 4

AKER’S FOUR PRIORITY AREAS 5

1. People 5 2. The environment 7 3. Integrity 8 4. Society 9

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11 Contents Aker BioMarine AS 12 Fornebuporten AS 13 Introduction 03 Aker’s CSR priorities and the Compass 04 SUMMARY AND POTENTIAL IMPROVEMENTS 14 Aker’s four priority areas 05 CSR in Aker’s wholly-owned subsidiaries 11 ENCLOSURE : CSR IN AKER OWNED COMPANIES 15 Summary and potential improvements 14

Det norske oljeselskap ASA 16 Enclosure: CSR in Aker owned companies 15 Aker Solutions ASA 17 Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25

Design: Tania Goffredo Design | Photo: Aker and Aker-owned companies, and Norwegian Seafood Council/Johan Wildhagen Corporate social responsibility at Aker 2014 3

Introduction

INTRODUCTION 3 Aker ASA (Aker) is an industrial investment company. We exercise active ownership to promote profitable, sustainable In this report, Aker ASA is referred

AKER’S CSR PRIORITIES and responsible businesses, driven by financial objectives and corporate social responsibility (CSR). to as Aker, while companies in AND THE COMPASS 4 which Aker has ownership interests Making deliberate, socially responsible decisions enables us to achieve both in the context of developing sustainable businesses and by AKER’S FOUR greater long-term profitability while also taking care of our environment. gathering examples of best practice and spreading knowledge in all are called Aker-owned companies. PRIORITY AREAS 5 Aker’s most important social contribution is to create value by developing Aker-owned companies. 1. People 5 forward-looking companies that supply products and services in an The following wholly-owned subsidiaries 2. The environment 7 environmentally friendly, ethical and socially responsible manner. In 2014, Aker launched a CSR network for representatives from Aker- are discussed in this report: 3. Integrity 8 owned companies, and organised a seminar attended by both internal 4. Society 9 Aker’s vision is to exercise proud ownership. Our CSR work is based and external participants. The network is designed to facilitate the sharing nn Aker BioMarine AS on our core values — to be results-oriented, opportunity-oriented, of examples of strategies, activities and actions that promote CSR. nn Fornebuporten AS knowledge-oriented and cooperation-oriented — and we aim to be a CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11 role model for the companies in which we exercise ownership through Aker’s guidelines are summarised in its Code of Conduct. The Code of The reports on companies in which Aker our principles and actions. Conduct applies to all employees and other Aker stakeholders. Aker’s is the majority shareholder are attached Aker BioMarine AS 12 anti-corruption policy is outlined in greater detail in chapter 3. to this report; see the links below: Fornebuporten AS 13 Aker’s active ownership is based on its long industrial history, which stretches back to 1841. Ownership is exercised both at board level The CSR report has been prepared in accordance with section 3-3c nn Aker Solutions ASA SUMMARY AND POTENTIAL in Aker and in the operational industrial companies, and entails close of the Accounting Act, which requires large undertakings to report nn Akastor ASA IMPROVEMENTS 14 follow-up by Aker’s investment team and management. Aker’s corporate annually on their CSR work. Aker’s CSR report provides an account of nn Kværner ASA culture is based on good business practices, openness, honesty and the company’s overarching guidelines. In addition, the report provides nn Det norske oljeselskap ASA ENCLOSURE : CSR IN respect for other people. an account of how Aker implements CSR at the parent-company level nn Ocean Yield ASA AKER OWNED COMPANIES 15 and in Aker-owned companies, examples of achieved CSR results and, nn Havfisk ASA Det norske oljeselskap ASA 16 Part of exercising proud ownership is being an active owner in all our finally, a summary of areas where Aker sees potential for improvement, nn Aker Philadelphia Shipyard ASA Aker Solutions ASA 17 companies. Aker’s objective is to be a catalyst for its subsidiaries, and CSR expectations going forward. nn Norway Seafoods AS Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 4

Aker’s CSR priorities and the Compass

INTRODUCTION 3 The four priority areas Aker has defined as the most important for its CSR work

AKER’S CSR PRIORITIES are based on the UN Global Compact. AND THE COMPASS 4 The Global Compact is the world’s largest initiative to promote international CSR standards, and The Compass is a corporate governance tool which builds on Aker’s AKER’S FOUR is based on ten principles addressing human rights, labour standards, the environment and anti- fundamental values and the four priorities listed above. Aker’s values PRIORITY AREAS 5 corruption. Aker is not currently a member/signatory of the Global Compact. Aker’s four priority 1. People 5 areas are: are the foundation for our day-to-day operations. 2. The environment 7 3. Integrity 8 1. People 3. Integrity 4. Society 9 How Aker and Aker-owned companies relate to How Aker and Aker-owned companies address people, human rights and labour rights locally corruption and ethical challenges. and globally. CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11 2. The environment 4. Society Aker BioMarine AS 12 How Aker and Aker-owned companies deal with How the activities of Aker and the Aker-owned Fornebuporten AS 13 environmental and climate-related challenges. companies impact on society.

SUMMARY AND POTENTIAL IMPROVEMENTS 14 The Compass

ENCLOSURE : CSR IN The Compass is a corporate governance tool Aker introduced the Compass in 2013, and it has AKER OWNED COMPANIES 15 which builds on Aker’s fundamental values and been presented to the other Aker-owned compa- Det norske oljeselskap ASA 16 the four priorities listed above. Aker’s values are nies over the past two years. For further details on Aker Solutions ASA 17 the foundation for our day-to-day operations. The the Compass, please visit Aker’s website. Akastor ASA 19 Compass also includes four guiding principles Kværner ASA 20 for Aker’s day-to-day work and the exercise of Ocean Yield ASA 21 ownership in challenging waters. Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 5

Aker’s four priority areas

INTRODUCTION 3 Aker and Aker-owned companies aim to be in the international Aker-owned companies. Some key figures relating to our people 1. People stimulating workplaces offering an inclusive and In 2008, Aker was among the first Norwegian As at 31 December 2014, Aker had a total of AKER’S CSR PRIORITIES diverse working environment. We do not tolerate companies to sign a global framework agree- 47 employees. 47 per cent of the company’s AND THE COMPASS 4 How Aker and Aker-owned compa- any discrimination, harassment or degrading ment with the Norwegian United Federation of employees were women. The board chairman, treatment of employees. Our Code of Conduct Trade Unions (Fellesforbundet), IndustriALL President and CEO and CFO, who together AKER’S FOUR nies relate to people, human rights PRIORITY AREAS 5 sets out ethical guidelines for our employees Global Union, NITO and TEKNA. The agree- comprise the senior management team, are all and labour rights locally and globally and partners, and principles relating to human ment commits Aker to ensuring decent working men. Aker seeks to facilitate workplace flexibility 1. People 5 rights, workers’ rights and social conditions. We conditions in accordance with the Universal so that employees can enjoy a good work-life 2. The environment 7 expect our staff to be familiar and comply with Declaration of Human Rights, the OECD Guide- balance in all stages of their careers. 3. Integrity 8 our ethical guidelines. lines on Multinational Companies and ILO core 4. Society 9 conventions. Non-compliance with or opposi- Aker gives priority to promoting an open or- Labour rights: the Aker model and the global tion to the agreement is unacceptable, and has ganisational culture, and wants its employees CSR IN AKER’S WHOLLY- framework agreement resulted in consequences when discovered. to give input on potential improvements. We OWNED SUBSIDIARIES 11 Aker and Aker-owned companies have a long regularly carry out working environment sur- Aker BioMarine AS 12 and proud tradition of developing and applying Based on the agreement, company-internal veys. The most recent survey was conducted Fornebuporten AS 13 the Norwegian cooperation model to the work- forums for dialogue and cooperation have, for in 2013, and showed stable, consistently high place and the community, with the cornerstone example, been established in Aker Solutions’ di- employee job satisfaction. A new survey is SUMMARY AND POTENTIAL of the model being the tripartite dialogue be- vision in Port Klang, Malaysia. Company-internal scheduled for April 2015. IMPROVEMENTS 14 tween the authorities and labour and employer bodies are also being set up in Brazil and the organisations. Aker and Aker-owned companies United Kingdom. At the end of 2014, Aker had approximately ENCLOSURE : CSR IN have been shaped by a similar cooperation 40,000 employees in companies where Aker AKER OWNED COMPANIES 15 among employees, owners, management and In 2014, a decision was made to expand Aker’s had a direct or indirect majority shareholding, society since Norway’s post-WWII reconstruc- former European cooperation committee and with around 29,000 of these working in Norway. Det norske oljeselskap ASA 16 tion period. This tradition of dialogue is referred turn it into a global cooperation body. Brazil is Aker also has a large number of contracted Aker Solutions ASA 17 to as the Aker model. the first non-European country to be included workers at any given time. In the group as a Akastor ASA 19 in this work. whole, 22 per cent of employees were women. Kværner ASA 20 Close dialogue between employee represent- Many Aker companies are cornerstones of their Ocean Yield ASA 21 atives, management and the majority stake- Close dialogue with employee representatives local communities, recruiting locally and playing Havfisk ASA 22 holder improves our competitiveness and Developing profitable and forward-looking busi- an important role in integrating workers with a Aker Philadelphia Shipyard ASA 24 enhances the positioning of Aker-owned com- nesses and workplaces is one of Aker’s primary non-Norwegian background. Norway Seafoods ASA 25 panies. Formal representation on boards of social responsibilities. Aker Solutions provides directors and in corporate assemblies and a good example of how Aker has used active Aker complies with legal requirements regard- bipartisan committees ensures that employee ownership to streamline its oil service business. ing gender equality on the company’s board representatives can influence decision-making This development would have been impossible of directors, and seeks to ensure that the processes in Aker-owned companies, and al- without close dialogue with employee represent- companies it owns also do so, through dia- lows them to draw on the collective expertise of atives and productive cooperation with employ- logue with nomination committees and voting at the organisation as a whole. ees, shareholders and customers. Such cooper- general meetings. ation is the key to success, and an intrinsic part The Aker model has also been adapted for use of the Norwegian tripartite model in practice. Corporate social responsibility at Aker 2014 6

INTRODUCTION 3 Efforts are made in Aker and Aker-owned com- CSR and sports cooperation Aker Active In 2011, Aker Active was among the initiators of panies to inspire employees to prioritise their Since 2010, Aker has been the primary sponsor Aker Active promotes physical activity and the Oslo Skishow, and has since been one of AKER’S CSR PRIORITIES personal health. The rate of healthiness in the of the Norwegian Ski Association’s cross-coun- health-enhancing measures for all employees in the event’s organisers. The Oslo Skishow is an AND THE COMPASS 4 group as a whole has risen from 96.6 per cent in try activities. The cooperation covers four areas: Aker and Aker-owned companies. Since it was annual roller ski event in Rådhusplassen square, 2013 to 97 per cent in 2014. set up, more than 25,000 employees have vis- Oslo, featuring the national cross-country skiing AKER’S FOUR nn PRIORITY AREAS 5 Elite level – through Norway’s national teams ited the Aker Active internet portal, which had teams. The money raised through the event goes A total of 97 injuries resulting in absence from nn Local level – through support for clubs more than 10,000 regular visitors in 2014. During to the foundation Aktiv mot kreft, which promotes 1. People 5 work were reported by Aker-owned companies nn Aker employees – through the global lifestyle the course of the year, more than 700 employ- physical activity in the fight against cancer. In 2. The environment 7 in 2014, down from 139 in 2013. More detailed and achievement project Aker Active ees participated in events organised in Norway total, Aker Active has raised more than NOK 2 3. Integrity 8 accounts of work-related injuries are provided in nn Volunteers, children and young people – by Aker Active. million for the foundation. 4. Society 9 the operational companies’ annual reports. through the nationwide Knowledge Tour.

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

Det norske oljeselskap ASA 16 Aker Solutions ASA 17 Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 7

INTRODUCTION 3 Aker aims to act responsibly to reduce direct Aker’s relevant emissions, and explains Aker’s ing and processing krill. The method, known 2. The environment and indirect negative impacts on the external climate strategy and the company’s risk factors as ECO Harvesting™, has minimal environ- AKER’S CSR PRIORITIES environment. Aker’s Code of Conduct states and potential. mental impact and facilitates the production AND THE COMPASS 4 How Aker and Aker-owned compa- that the company must comply with all relevant of nutritious, krill-based marine ingredients. In international and local legislation and standards Our carbon footprint largely derives from the ac- recognition of its work on sustainable indus- AKER’S FOUR nies deal with environmental and PRIORITY AREAS 5 to minimise its environmental impact. tivities of the companies in which we have own- try development, Aker BioMarine received the climate-related challenges ership interests. If we are to succeed, we must Nutrition Business Journal’s “Business Achieve- 1. People 5 Apart from emissions from work-related travel, achieve sustainable development in our primary ments Award for Sustainability” in 2014 (more 2. The environment 7 Aker has minimal negative impact on the exter- areas: oil and gas, fishing activities, marine bi- information is provided in the section on Aker 3. Integrity 8 nal environment. In 2014, Aker submitted an otechnology and finance. Through the exercise BioMarine). 4. Society 9 emissions report to the Carbon Disclosure Pro- of active ownership, we seek to encourage our ject (CDP), showing a significant improvement companies to be leaders in taking responsibility Another example is Aker’s joint project with real CSR IN AKER’S WHOLLY- on the report from 2013. CDP is an independ- for environmental challenges. estate development company Fornebuporten OWNED SUBSIDIARIES 11 ent, non-profit organisation that gathers and to secure a metro connection to Fornebu Aker BioMarine AS 12 publishes information on companies’ green- Aker BioMarine is a case in point. The company (more information is provided in the section Fornebuporten AS 13 house gas emissions. The report lists some of has developed a unique solution for harvest- on Fornebuporten).

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3 Aker has a zero tolerance policy towards all where Aker has ownership interests. In drawing The Compass is intended to make it easier for 3. Integrity forms of corruption, and the Code of Conduct up its anti-corruption policy, Aker has worked Aker to navigate challenging waters, including AKER’S CSR PRIORITIES and anti-corruption policy contain principles in close dialogue with its companies to ensure activities in countries in which the risk of corrup- AND THE COMPASS 4 How Aker and Aker-owned com- on relevant topics such as insider trading, that the policy adds value in their day-to-day tion is considered to be high. bribery, gifts and services, and other forms of work. A procedure has been put in place to AKER’S FOUR panies address corruption and PRIORITY AREAS 5 corruption. Everything we do must be based ensure that the policy is implemented, and One important tool for Aker’s anti-corruption ethical challenges on ethical principles we are willing to uphold. that the companies are familiar with it. Follow- efforts is its anonymous whistleblowing channel. 1. People 5 We expect all our employees to be familiar with up procedures have also been implemented. Reportable conduct may include breaches of 2. The environment 7 the principles in our Code of Conduct, which Although each company’s board of directors environment, health and safety (EHS) legislation, 3. Integrity 8 are easily accessible via the company intranet carries formal responsibility for implementation harassment, insider trading, money laundering, 4. Society 9 and website. of the anti-corruption policy, Aker plays an fraud, bribery and kickback schemes and other important supporting role in this process. breaches of Aker’s ethical guidelines. All such CSR IN AKER’S WHOLLY- Aker’s anti-corruption policy directly governs reports are processed in accordance with a OWNED SUBSIDIARIES 11 the activities of most Aker subsidiaries, and Aker promotes a culture of open dialogue, where special policy adopted for this channel. Aker BioMarine AS 12 expresses expectations of other companies any potential dilemmas can be discussed openly. Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3 By utilising local resources and local expertise Norsk Industri (the Federation of Norwegian and coaches, across the country access to the 4. Society wherever we operate, we want to actively Industries) national team’s knowledge and expertise. AKER’S CSR PRIORITIES contribute to building communities and creating In 2014, Aker director Sylvia Brustad joined AND THE COMPASS 4 How the activities of Aker and value locally. Several Aker-owned companies the board of directors of Norsk Industri (the Conservation of Norwegian industrial heritage have global operations, and while we respect Federation of Norwegian Industries). In this Aker constitutes an important part of Norwegian AKER’S FOUR the Aker-owned companies im- PRIORITY AREAS 5 other cultures and diverse work practices, we capacity, Brustad acts as an industry spokes- industrial heritage, and has therefore wished pact on society will never compromise on fundamental human person when discussing labour issues, the to make its historical materials available 1. People 5 rights or our own values. environment and the need for predictable to the public. In 2012, pensioners from 2. The environment 7 framework conditions. former Kvaerner companies began work on 3. Integrity 8 Local workplaces cataloguing and organising historical materials 4. Society 9 Aker is the largest private sector employer in The Knowledge Tour 2014 from the Kvaerner Brug, Myrens Verksted Norway, and Aker-owned companies operate The Knowledge Tour is Aker’s campaign and Thune Mek Værksted businesses. The CSR IN AKER’S WHOLLY- in many local communities. Communication focusing on volunteers, children and young documents were handed over to the National OWNED SUBSIDIARIES 11 between the companies, employee representa- people in the context of the cooperation between Archives of Norway in 2014. Aker BioMarine AS 12 tives and local municipalities is essential to en- Aker and the national cross-country skiing Fornebuporten AS 13 sure that our operational development reflects team. In 2014, the Tour gave 4,000 local skiers wider social and industry changes. and school children, as well as 600 parents SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3

AKER’S CSR PRIORITIES AND THE COMPASS 4 By utilising local resources and local expertise wherever AKER’S FOUR we operate, we want to actively contribute to building PRIORITY AREAS 5 communities and creating value locally. 1. People 5 2. The environment 7 3. Integrity 8 4. Society 9

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

CSR in Aker’s wholly-owned subsidiaries

INTRODUCTION 3

AKER’S CSR PRIORITIES On the following pages, we have provided an overview of the CSR work done by Aker’s subsidiaries Aker BioMarine and Fornebuporten, two companies in which Aker AND THE COMPASS 4 has 99 per cent ownership interests. The aim is to showcase relevant examples illustrating Aker’s commitment to exercising active ownership within the four priority AKER’S FOUR areas: people, the environment, integrity and society. For further details, please see the reports on companies in which Aker holds majority interests, here: PRIORITY AREAS 5 nn nn 1. People 5 Aker BioMarine AS Fornebuporten AS 2. The environment 7 3. Integrity 8 4. Society 9

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3 Aker BioMarine AS Aker BioMarine make continuous efforts high-quality data on krill resources essential. Fol- remarks. In order to be MSC-certified, compa- to improve harvesting and processing lowing several years of talks, Aker BioMarine and nies must be able to document a sustainable AKER’S CSR PRIORITIES Aker BioMarine is the world’s technology to ensure that its operations are the organisations Antarctic and Southern Ocean stock and that they have a robust governance AND THE COMPASS 4 sound and efficient, while also minimising Coalition (ASOC), the Pew Charitable Trusts and system and minimal impact on the ecosystem. leading supplier of krill. With a the impact on the ecosystem. In 2014, the WWF Norway set up the foundation «The Antarc- AKER’S FOUR PRIORITY AREAS 5 view to ensuring long-term sus- company made considerable investments in tic Wildlife Research Fund (AWR)» in 2014, with Aker BioMarine’s operations affect, and are its two krill vessels to increase the efficiency of solid backing and commitment from Aker. The affected by, numerous stakeholders. Among tainability, the company has had 1. People 5 their harvesting and processing facilities and foundation will collaborate with Aker BioMarine’s other things, the company has implemented 2. The environment 7 an ongoing focus on sustainable improve operational safety. customers to support research in the Antarctic. the following measures: 3. Integrity 8 A number of leading researchers have agreed krill harvesting since its launch in 4. Society 9 Further, Aker BioMarine implemented the to serve on the foundation’s scientific committee. nn In the future, fisheries management will re- 2003. Responsible harvesting will Compass as a CSR governance tool in 2014. Aker BioMarine has undertaken both to make quire data from fishing fleets. A meeting was CSR IN AKER’S WHOLLY- staff resources available and to provide funding therefore organised in 2014 for scientists ensure greater profitability while OWNED SUBSIDIARIES 11 People of USD 500,000 for AWR. and the captains of Aker BioMarine’s trawl- Aker BioMarine AS 12 also protecting the environment. The primary asset promoting innovation and ers, giving them an opportunity to exchange Fornebuporten AS 13 improvement in the company is the company’s Aker BioMarine’s employees have developed knowledge on krill, the ecosystem and fish- employees. Aker BioMarine has more than 200 Eco Harvesting®, a catch technology that ing fleet operations. nn SUMMARY AND POTENTIAL employees from more than 15 different nations. ensures a high quality of krill and prevents by- Aker BioMarine participated at the Com- IMPROVEMENTS 14 The working environment on board Aker catch, making krill harvesting sustainable. The mission for the Conservation of Antarctic BioMarine’s ships is considered to be good, company has independent inspectors on board Marine Living Resources 2014 (CCAMLR). ENCLOSURE : CSR IN and crew turnover is very low. In 2014, Aker its catch vessels, who report catch volumes The company is also a member of the As- AKER OWNED COMPANIES 15 BioMarine honoured more than 70 employees and the geographical position of the vessels sociation of Responsible Krill Harvesting on its ships Saga Sea and Antarctic Sea for to the relevant authorities on an ongoing basis. Companies (ARK). Det norske oljeselskap ASA 16 their long and faithful service. The rate of sick nn Aker BioMarine participated at the stake- Aker Solutions ASA 17 leave is low, and only one work-related injury Integrity holder conference «Bridging the krill di- Akastor ASA 19 akerbiomarine.com was reported in 2014. Aker BioMarine is a global company that vide», which was attended by scientists, Kværner ASA 20 is expanding. During 2014, the company NGOs and industry representatives. Ocean Yield ASA 21 To promote employee health, Aker BioMarine updated its Code of Conduct and engaged in Havfisk ASA 22 facilitates exercise during work hours and pro- extensive staff training in all the regions where Aker Philadelphia Shipyard ASA 24 vides dietary, physical exercise and motivation- it has operations. To ensure that regulations are Norway Seafoods ASA 25 al advice via the Aker Active internet portal. perceived as relevant, the training was based on the discussion of practical issues relating to anti- The environment corruption, discrimination and ethical conduct. Aker BioMarine’s business is based on natural resources, and long-term, sustainable develop- Society ment is therefore crucial to the company’s exist- In 2014, Aker BioMarine underwent a rigorous ence. Although krill harvesting is sustainable, the sustainability certification process under the sound, high-quality management of krill resourc- Marine Stewardship Council (MSC). The com- es is critical. This in turn makes the collection of pany was re-certified for 2015–2020 with no Corporate social responsibility at Aker 2014 13

INTRODUCTION 3 Fornebuporten AS Through the construction of Fornebuporten land use and ecology, management, operations In response to an invitation from the municipal- Boliger, Fornebuporten is helping to build in- and maintenance, and public transport. These ity of Bærum, Fornebuporten has also submit- AKER’S CSR PRIORITIES Fornebuporten is an important frastructure for schools, day-care centres and environmental targets are to be incorporated ted a feasibility study showing that Fornebu’s AND THE COMPASS 4 other municipal infrastructure under the area’s into the construction process and the build- development potential exceeds that currently player in its local area, Fornebu, in zoning plan. ings’ operation. One example of the company’s provided for by zoning plans. The company AKER’S FOUR PRIORITY AREAS 5 the vicinity of Oslo. The company goal-oriented environmental work is that it has has also indicated that it is willing to make a People achieved a source separation percentage of 94 substantial contribution to the metro provided is now in the process of transform- 1. People 5 Fornebuporten supports and promotes interna- per cent at Fornebu. that the identified development potential can 2. The environment 7 ing a large part of what used to be tionally recognised human rights and workers’ be realised. 3. Integrity 8 rights in connection with all its activities. The Furthermore, Fornebuporten is close to finalising Oslo’s main airport into a modern 4. Society 9 company makes sure that it does not contribute construction of a major building at Aberdeen In- Society residential and business district. In to any breaches of these rights and standards, ternational Business Park. The building has been Fornebuporten is focused on creating an in- CSR IN AKER’S WHOLLY- including rights under ILO core conventions. built in accordance with the world’s strictest envi- clusive and pleasant community for residents time, the area will house close to OWNED SUBSIDIARIES 11 ronmental standards, and will be classified as a and people working at Fornebu. Among other Aker BioMarine AS 12 10,000 residents. The ongoing construction projects at Aberdeen BREEAM Excellent Building. things, a new green area has been created, Fornebuporten AS 13 and Fornebu have accounted for more than one connected to the rest of the Fornebu green area. million man hours thus far, with zero days’ sick Together with SmartCity, the municipality of A sculpture park open to the public will also SUMMARY AND POTENTIAL leave due to injuries. Bærum and other players at Fornebu, Fornebu- be installed. IMPROVEMENTS 14 porten has been an active contributor to the The environment project «Integrated Transport solutions». The Fornebuporten will have an open, welcoming ENCLOSURE : CSR IN As project owner, Fornebuporten imposes strict project aims to increase the share of people us- ground floor offering a range of activities to AKER OWNED COMPANIES 15 environmental requirements on its projects. The ing public transport and other environmentally everybody in the local community. The compa- design and build contractor is certified under en- friendly solutions on their way to or from work, ny also gives financial support to several local Det norske oljeselskap ASA 16 vironmental standard ISO 14001. The company not least by connecting Fornebu to the metro clubs and associations. Aker Solutions ASA 17 has decided to define environmental targets in network. Access to the metro is an important Akastor ASA 19 the following areas: energy, choice of materials, environmental policy measure for the almost Integrity Kværner ASA 20 waste handling, health and indoor environment, 50,000 people who will, within a few years, be In 2014, Fornebuporten implemented the anti- Ocean Yield ASA 21 universal design, water consumption, transport, living or working at Fornebu. corruption policy developed by Aker. Havfisk ASA 22 fornebuporten.no Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 14

Summary and potential improvements

INTRODUCTION 3

AKER’S CSR PRIORITIES Aker wishes to practise full disclosure regarding its work on CSR measures. Not least, the company wishes to be open about the exercise of active ownership in the AND THE COMPASS 4 context of CSR.

AKER’S FOUR PRIORITY AREAS 5

1. People 5 The Compass is an operational tool intended to help familiarise all employees with Aker’s CSR company’s CSR work. This involves specifying further, concrete actions in the four priority areas 2. The environment 7 principles and guidelines, including normative documents such as the Code of Conduct, Aker’s anti- — people, the environment, integrity and society — and defining how these impact our business, 3. Integrity 8 corruption policy and the international framework agreement. The Compass will stress identification and environment, stakeholders and owners. In particular, we want to see how Aker can enhance its 4. Society 9 implementation of more practical examples to enhance employees’ understanding of CSR dilemmas. strategic work for a better environment.

Taking the initiative to create a CSR network for all Aker-owned companies is an important element of Although Aker currently has minimal negative impact on the environment, as owners we are focused CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11 Aker’s work as an active owner and as a driving force for knowledge sharing. The network has been on following up Aker-owned companies operating in industries where there is a risk of great created to facilitate the sharing of examples of strategy, activities and actions that promote CSR, and environmental damage. Not least, this is an area with great potential for product innovation and new Aker BioMarine AS 12 regular meetings are planned for 2015. business opportunities. Fornebuporten AS 13 Aker has submitted its 2014 CDP report, and will continually consider other internationally standardised The Aker companies have access to group resources, specifically state-of-the-art technological SUMMARY AND POTENTIAL reporting systems or initiatives in the CSR field. development. This is key to the sustainable development of energy-intensive industries. IMPROVEMENTS 14 The oil and gas sector has the potential to become part of the solution to the challenges of the Aker will continue to further refine the strategic guiding principles which have been defined for the future. We have the people, the expertise and the technology to make a contribution in this regard. ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

Det norske oljeselskap ASA 16 Aker Solutions ASA 17 www.akerasa.com Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 15

Enclosure : CSR in Aker owned companies

INTRODUCTION 3

AKER’S CSR PRIORITIES Reports from companies in which Aker has a controlling shareholding are appended to this report, see the links below: AND THE COMPASS 4 nn Det norske oljeselskap ASA nn Akastor ASA nn Ocean Yield ASA nn Aker Philadelphia Shipyard ASA AKER’S FOUR nn nn nn nn PRIORITY AREAS 5 Aker Solutions ASA Kværner ASA Havfisk ASA Norway Seafoods AS

1. People 5 2. The environment 7 3. Integrity 8 4. Society 9

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3 Det norske oljeselskap ASA People Integrity The protection of persons, the environment and Norwegian continental shelf. All known contin- The company’s vision and values have been AKER’S CSR PRIORITIES Det norske oljeselskap (Det norske) financial assets is an integral part of Det norske’s gency measures are implemented. revitalised. In connection with the acquisition AND THE COMPASS 4 day-to-day operations. The company holds reg- of Marathon Norway, ethical guidelines were has put CSR at the heart of its corpo- ular EHS conferences at which emphasis is giv- Det norske is continuing to develop its stand-by revised and reviewed at open meetings. Det AKER’S FOUR PRIORITY AREAS 5 rate governance work. The company en to safe, sustainable project implementation. capacity for dealing with undesirable incidents. norske has also decided to establish an external It played a central role in the establishment of a whistleblowing channel, and Aker’s anti- amended its vision and values in 2014. 1. People 5 A substantial part of the platform for the Ivar joint stand-by centre for the oil industry through corruption policy was made applicable in 2014. 2. The environment 7 All employees were actively involved Aasen field, for which Det norske is the operator, the OFFB (Operatørenes forening for beredskap). 3. Integrity 8 is being fabricated abroad. Det norske has Det norske has in-house oil protection expertise, Society in the development and implementa- 4. Society 9 communicated clear EHS and CSR requirements and is an active member of the Norwegian Clean Det norske is engaged in productive cooperation process, in which the company’s to its external suppliers. No serious incidents Seas Association for Operating Companies tion with schools, educational institutions and a CSR IN AKER’S WHOLLY- have been reported during the project thus far. (NOFO), which is specifically trained to handle range of research institutes, both directly and CSR was a major element. The values OWNED SUBSIDIARIES 11 oil-pollution responses. through the Norwegian Oil and Gas Association. Aker BioMarine AS 12 and the link with CSR have been incor- Environment In 2014, the company participated actively in ba- All offshore activity presents a risk of oil spills, In 2014, Det norske’s office in Harstad provided sic science teaching for pupils from grade 4 up Fornebuporten AS 13 porated into governance documents and Det norske is therefore highly focused on financial support to the Research Centre for Arc- to and including upper secondary level, not least SUMMARY AND POTENTIAL and procedures. The implementation its environmental responsibility. The company is tic Petroleum Exploration (ARCEx) and NORUT through its Harstad office. committed to operating its business in a trans- Northern Research Institute’s ColdTech — Sus- IMPROVEMENTS 14 process was particularly important parent and responsible manner, and prepares tainable Cold Climate Technology programme, The company also makes annual financial ENCLOSURE : CSR IN in view of Det norske’s acquisition of detailed environmental impact and contingency and collaborated with the universities of Trond- contributions to Det norske teatret, sports teams, AKER OWNED COMPANIES 15 analyses in connection with operations on the heim and Tromsø. festivals and associations, among others. Marathon Oil Norway in 2014. Det norske oljeselskap ASA 16 Aker Solutions ASA 17 detnor.no Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 17

INTRODUCTION 3 Aker Solutions ASA The main focus in 2014 has been on introducing product and service innovations. Nineteen Integrity regional CSR strategies to ensure that social «Certified Idea Creators» were rewarded for Aker Solutions’ robust integrity procedures AKER’S CSR PRIORITIES In 2014, Aker Solutions proceed- responsibility efforts are adapted to local their suggestions in 2014. benefit its staff, the communities in which it AND THE COMPASS 4 contexts and cultures. The regional management nn Aker Solutions is engaged in two important operates and the external environment. An ed with the implementation of a in Norway has made the most progress, employee-health initiatives: Aker Care and example in this regard is the company’s analysis AKER’S FOUR PRIORITY AREAS 5 new corporate social responsi- approving a dedicated, long-term CSR strategy Aker Aktiv (described previously). Aker Care is of potential projects in high-risk countries. for Norway at the beginning of the year. The an occupational health service encompassing The risk of involvement in corruption, possible bility (CSR) strategy approved 1. People 5 network has since worked on defining short- doctors, nurses and psychologists. Several environmental harm, the potential for human 2. The environment 7 by the board in 2013. The com- term aims. Further, the company’s subsidiaries new clinics were opened in Norway in 2014. rights violations and employee security are all 3. Integrity 8 in India have developed a separate CSR policy nn Aker Solutions has renewed its agree- taken into consideration, and Aker Solutions pany’s internal CSR network is 4. Society 9 to address new statutory requirements issued ment with the Norwegian Church Abroad does not engage in projects if the risks are managing this project, support- by the Indian authorities. (Sjømannskirken). The agreement provides deemed too high. CSR IN AKER’S WHOLLY- a social network for employees posted ed by the Corporate Business OWNED SUBSIDIARIES 11 People abroad, as well as care and crisis support All office staff receive business ethics training Aker BioMarine AS 12 Integrity and Compliance team. Aker Solutions is dependent on the knowledge when required. to ensure that they are familiar with internal and Fornebuporten AS 13 of its 20,000 employees, which facilitates the external guidelines, international and national technological innovations that shape and Environment legislation, and the consequences of breaching SUMMARY AND POTENTIAL influence Aker Solutions’ identity and services. Aker Solutions’ most significant environmental these. Topics covered in the courses include IMPROVEMENTS 14 impact results from the products and services anti-corruption legislation, human and workers’ The steps taken by the company in 2014 it delivers. These are often influenced by rights, environmental and reputational risk, and ENCLOSURE : CSR IN included the following: requirements set by customers, authorities and guidelines and principles in the company’s code AKER OWNED COMPANIES 15 international standards. of conduct. nn Cooperation between management and Det norske oljeselskap ASA 16 trade unions is crucial for the development Aker Solutions’ long-term aim is to conduct Various measures relevant to integrity have Aker Solutions ASA 17 of the working environment and employee lifecycle analyses for its most important products, been implemented in 2014: Akastor ASA 19 akersolutions.com rights. Aker Solutions has given priority to and to undertake best available technology Kværner ASA 20 establishing a global collaboration model for (BAT) analyses early on during projects to nn At Aker’s urging, Aker Solutions initiated Ocean Yield ASA 21 management and employees, and in 2014 ensure that the best and most environmentally work on a new business integrity policy Havfisk ASA 22 employee representatives were elected to friendly technology is used. (code of conduct) in 2014. Aker has Aker Philadelphia Shipyard ASA 24 participate in various cooperation forums in contributed to important processes and Norway Seafoods ASA 25 both the United Kingdom and Brazil. One important measure to protect the discussions within Aker Solutions in its nn Aker Solutions developed a framework for environment is a new initiative, launched in capacity as owner. The policy now states a shared global career model under which December 2014, to survey energy emissions even more clearly who is responsible for common definitions of roles and responsibilities in connection with travel. Aker Solutions following up internal processes relating are applied to all staff. A visualisation tool has also monitors and compiles data on energy, to integrity, ethics and anti-corruption, also been developed to give employees easy emissions and waste management at several and for the implementation of measures. access to career opportunities. levels within the company. The aim is to secure The policy also clarifies the company’s nn Innovative ideas are rewarded. The MyIdea a better overview of environmental efforts and to responsibilities to its stakeholders and the portal allows employees to propose technical compare the efforts made at different locations. communities in which it operates. Corporate social responsibility at Aker 2014 18

Society INTRODUCTION 3 nn Aker Solutions has developed a new ethics nn Aker Solutions is constantly seeking to re- One of Aker Solutions’ greatest social contri- it is also an important issue in other parts of and integrity e-learning programme, to be duce the use of agents. As at 2014, the com- butions is the use of local content in projects. the world. One example is Norway, where Aker AKER’S CSR PRIORITIES launched in 2015. The programme will be pany had only one agent. Among other things, the company transfers Solutions has opened offices in locations- in AND THE COMPASS 4 obligatory for all office staff. The programme nn The company has established a whistle- knowledge to and provides training for local cluding Tromsø, Sandnessjøen and Hammer- cover topics such as human and workers’ blowing channel. suppliers and their employees. While the use fest. This has helped to create new jobs and AKER’S FOUR PRIORITY AREAS 5 rights, corruption, conflicts of interest and of local resources is mandated by strict re- boosted activity levels and cooperation with guidelines on gifts and hospitality. quirements in countries like Brazil and Angola, the company’s suppliers. 1. People 5 2. The environment 7 3. Integrity 8 4. Society 9

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3 Akastor ASA Following the demerger from Aker Solutions, an HIV programme for orphans and vulnerable policy. There has also been positive dialogue with Akastor has worked on introducing a governance children from Matabeleland. The programme both Aker and Aker Solutions on the organisation AKER’S CSR PRIORITIES Akastor was formed on 29 September model and guidelines. A natural aspect of these assisted 139 children in 2014. of integrity-related work and the ongoing project AND THE COMPASS 4 efforts has been to define the correct approach to establish a whistleblowing channel. 2014 through the demerger of certain to SCR and compliance issues, in terms of Environment AKER’S FOUR PRIORITY AREAS 5 companies from Aker Solutions and both control procedures and being proactive. One of Akastor’s portfolio companies, Fjords Society Akastor has defined its social responsibilities as Processing, has a subsidiary dedicated Several of Akastor’s portfolio companies have the definition of Akastor as a holding 1. People 5 combating corruption, respecting human rights, to environmental protection and emission undertaken to support growth and development 2. The environment 7 company. Akastor owns companies safeguarding the environment, health and safety abatement (Aker Cool Sorption). The company in the local communities in which they operate. 3. Integrity 8 at its workplaces and in the supply chain, and supplies hydrocarbon vapour recovery As well as seeking to create local jobs and in the oil service sector, and currently 4. Society 9 minimising threats to the environment, health and technology, which effectively reduces emissions develop local expertise, the companies support has five wholly-owned subsidiaries — safety from its products, services and operations. from operations such as crude oil loading and a broad variety of organisations ranging from CSR IN AKER’S WHOLLY- Akastor’s code of conduct defines ethical fuel transfer from reservoirs to trucks and railway educational institutions to local charities. MHWirth, Frontica, AKOFS Offshore, OWNED SUBSIDIARIES 11 guidelines for all of its portfolio companies, cars and from coastal depots to coastal tankers. Aker BioMarine AS 12 KOP Surface products and Fjords and an internal whistleblowing channel and The Akastor companies’ efforts to comply with whistleblowing poster have been developed. Integrity contractual local-content requirements is a Fornebuporten AS 13 Processing—as well as ownership Akastor’s most important initiative thus far has further example of their contribution to growth SUMMARY AND POTENTIAL interests in a number of smaller and People been to introduce robust procedures, routines and development. Brazil applies very stringent Several of Akastor’s portfolio companies involve and guidelines. The company’s code of conduct requirements regarding local content, with IMPROVEMENTS 14 partly-owned companies. their employees in SCR work. Frontica staff was published in October 2014, while its integrity some contracts specifying that 60 per cent of ENCLOSURE : CSR IN are asked to choose a charitable project to policy — a common policy for all portfolio all project materials must be produced in Brazil. AKER OWNED COMPANIES 15 support. Employees can then register personal companies — was finalised in January 2015. This in turn helps to develop expertise and boost exercise achievements to increase the size of The requirements communicated by Aker in growth in the Brazilian supply chain. Det norske oljeselskap ASA 16 the donation. In 2014, Frontica made donations its capacity as owner have been important in Aker Solutions ASA 17 akastor.com to the Red Cross in Zimbabwe and supported Akastor’s efforts to quality-assure the integrity Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 20

INTRODUCTION 3 Kværner ASA CSR key performance indicators (KPIs) are de- serious near-accidents resulting in investigations. methodology for integrity due diligence in the fined annually. These provide measures for the One of these was a serious lost time incident supply chain. AKER’S CSR PRIORITIES Kvaerner supports sustainable, so- different business areas. In 2014, Kvaerner em- involving the amputation of three toes. AND THE COMPASS 4 phasised reinforcement of CSR risk assessment Kvaerner encourages all employees (permanent cial development by employing re- processes in all parts of its business. Environment and temporary), partners, suppliers and custom- AKER’S FOUR PRIORITY AREAS 5 sponsible business practices. Cor- Kvaerner constantly seeks to reduce its en- ers to report concerns or suspicions regarding Since it has offices in Norway, Canada, the vironmental impact, and has reported its en- legal or ethical breaches. In 2014, 13 whistle- porate social responsibility (CSR) is 1. People 5 UK, the USA, Kazakhstan, Russia, China and ergy consumption in its annual CSR report blowing reports were registered, compared to 12 2. The environment 7 an integral aspect of management Finland, local value creation is important to for the last three years. The CSR report also in 2013. The majority of these reports concerned 3. Integrity 8 Kvaerner, and the company promotes skills- contains figures on CO2 emissions, waste working conditions, and all were followed up in responsibility. Kvaerner has a global 4. Society 9 building among local employees and suppliers. and recycling. accordance with the company’s procedures. code of conduct and global policies CSR IN AKER’S WHOLLY- Robust EHS procedures lie at the heart of Kvaerner’s Norwegian yards and the Concrete Society for each CSR area. OWNED SUBSIDIARIES 11 Kvaerner’s activities, and the company is Solutions business area are certified under the Kvaerner makes extensive use of local Aker BioMarine AS 12 constantly focused on improving its EHS culture. ISO 14001 environmental standard. Clear envi- employees, thus contributing to value creation Fornebuporten AS 13 Kvaerner has a zero-harm vision with regard ronmental protection requirements have been through skills-building among local staff and to people, the environment, property and incorporated into the company’s management suppliers. Local content is an important feature SUMMARY AND POTENTIAL intangible assets. handbooks, EHS management training and of and requirement in many oil and gas projects. IMPROVEMENTS 14 e-learning programmes for staff. People As in previous years, Kvaerner made financial ENCLOSURE : CSR IN Kvaerner’s first employee survey was conduct- Integrity contributions to projects run by local communities AKER OWNED COMPANIES 15 ed in 2014, and included a number of questions In 2014, Kvaerner emphasised the reinforcement and charities in 2014. The main areas in which relating to SCR. The results showed that the of risk assessment processes in the area of Kvaerner made donations are education, health, Det norske oljeselskap ASA 16 company’s values are well known to staff. The CSR. No processes should compromise ethical sport and culture. Kvaerner was the main Aker Solutions ASA 17 kvaerner.com survey also revealed that transparency can be guidelines or the company’s integrity. sponsor of the Oslo Skishow event from 2011 to Akastor ASA 19 improved, and that the threshold for reporting 2014, the profits of which go to the cancer charity Kværner ASA 20 undesirable conduct is somewhat high. The re- Human rights and anti-corruption have been Aktiv mot kreft. Ocean Yield ASA 21 sults have made an important contribution to ef- integrated into a single training programme. In Havfisk ASA 22 forts to improve staff satisfaction and motivation. 2014, 95 per cent of all new employees in at- Aker Philadelphia Shipyard ASA 24 risk positions completed a mandatory training Norway Seafoods ASA 25 Altered market conditions have required programme, while 98 per cent of all new staff Kvaerner to examine its human resource profile. completed an introductory course. Some 76 per In 2014, one of the main tasks in this context was cent of all employees have now completed the to retain employees with core expertise while e-learning programme. also strengthening and developing expertise in new, in-demand areas. Kvaerner works with a range of partners and many suppliers around the world, with a typical In 2014, almost 20 million working hours were project involving around 300 suppliers. In invested in Kvaerner. The company registered 18 2014, Kvaerner focused on strengthening its Corporate social responsibility at Aker 2014 21

INTRODUCTION 3 Ocean Yield ASA In 2014, Ocean Yield concentrated on projects Environment such as improving the contractual conditions Operational targets have been set for the vessel In 2014, Ocean Yield began work on introducing AKER’S CSR PRIORITIES The ship-owning company Ocean under its long-term charters to clarify responsi- Dhirubhai-1. These include environmental indian external whistleblowing service, and imple- AND THE COMPASS 4 bility for environmental and safety matters in the cators relating to oil leaks and fuel consumption. mented Aker’s anti-corruption policy. Yield is proactive in handling risk and context of ship operation. All targets were achieved in 2014, and there AKER’S FOUR PRIORITY AREAS 5 identifying opportunities to promote were no reports of accidents or injuries involving Society People personnel or the environment on Dhirubhai-1. Maintaining good relations with local commu- CSR and sustainability. The com- 1. People 5 Ocean Yield registered no serious accidents nities is important to Ocean Yield. Through its 2. The environment 7 pany is focused on complying with or injuries (lost time incidents) in 2014, and Ocean Yield’s subsidiary Aker Floating Produc- subsidiary Aker Floating Production, Ocean 3. Integrity 8 the company’s sick leave rate was 0.73%. The tion (AFP) is ISO 14001 certified, and works con- Yield has a presence in Kakinada, India. The and influencing best practice in its 4. Society 9 company seeks to maintain an approximately tinuously to reduce its environmental footprint. company has made annual donations to the industry. Environmental, health and equal balance of male and female employees. AFP’s environmental policy and ISO 14001 cer- Maharshi Sambamurty Institute of Social and CSR IN AKER’S WHOLLY- tification set expected standards for its internal Development Studies in Kakinada, a school for safety (EHS) efforts and the compa- OWNED SUBSIDIARIES 11 Discrimination and harassment are not tolerat- and external environmental performance. girls with physical disabilities and the Associ- Aker BioMarine AS 12 ny’s ethical guidelines are integrated ed, and the company’s code of conduct con- ation for the Care of the Aged-Kakinada since tains clear principles on human rights, workers’ Integrity 2011. In 2014, the company also made a contri- Fornebuporten AS 13 into day-to-day procedures. Ocean rights and social conditions. All employees are Ocean Yield’s value base incorporates EHS bution to the UMA Technical & Educational So- SUMMARY AND POTENTIAL Yield is also currently developing an expected to be familiar and comply with the and ethical business conduct into day-to-day ciety, an organisation which primarily cares for code, and breaches have consequences for operations. The company’s code of conduct children from families with little money and chil- IMPROVEMENTS 14 overarching CSR strategy specifying those involved. has been communicated to all employees, and dren suffering from physical or mental illnesses. ENCLOSURE : CSR IN priority areas and commitments. compliance is monitored by management and AKER OWNED COMPANIES 15 All suppliers are expected to have EHS pro- through quality audits. grammes in place covering all persons aboard Det norske oljeselskap ASA 16 oceanyield.no their ships. Aker Solutions ASA 17 Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 22

INTRODUCTION 3 Havfisk ASA People a day in waters which at times are highly likely to solutions. The newest trawlers also have fishmeal Havfisk gives high priority to environment, health feature poor weather. Havfisk is therefore always factories on board to ensure maximum utilisation AKER’S CSR PRIORITIES Havfisk is Norway’s leading wild and safety work. Any harm to persons, the en- focused on preventive measures. The company’s of raw materials. Moreover, several vessels have AND THE COMPASS 4 vironment or physical facilities can and must newest trawlers feature cutting-edge, highly been converted into combined-function boats white fish (cod, saithe and- had be avoided wherever possible, in line with the automated factories which reduce the likelihood delivering both frozen and fresh fish. This has AKER’S FOUR PRIORITY AREAS 5 dock) harvesting company, and a company’s zero-harm vision. In 2014, the sick of injuries. Moreover, various measures have boosted flexibility and cut fuel consumption leave rate totalled 7.3%, compared to 7.6% the been implemented aboard the vessels to limit compared to delivering fresh fish alone. major supplier of important marine 1. People 5 previous year. The sick leave rate is unsatisfac- strains and wear-and-tear injuries, and to improve 2. The environment 7 proteins. Havfisk harvests Norwe- torily high and steps have been taken to address working conditions on board. The company’s trawler fleet is fuelled by gas oil, 3. Integrity 8 this. Havfisk reported 24 instances of personal and emits NOx and CO2 as a result. In 2014, gian fisheries resources under -pub 4. Society 9 injury in 2014. Havfisk encourages its employees to safeguard the trawlers emitted 81,897 tonnes of CO2 lic licences, which also require the their health by logging on the Aker Aktiv portal, equivalents, equating to 98.5% of the company’s CSR IN AKER’S WHOLLY- In recent years, substantial resources have which invites employees to engage in physical total CO2 emissions. All waste oil is collected company to manage resources sus- OWNED SUBSIDIARIES 11 been invested in communicating the company’s activity and offers expert advice on exercise and taken ashore for delivery to a depot. Aker BioMarine AS 12 tainably. Havfisk has summed up its objectives, vision, values and ethical guidelines and nutrition. within the organisation. Havfisk aims to be Havfisk is focused on the sustainable develop- Fornebuporten AS 13 responsibilities in the phrase «Proud Norway’s best trawler company. One step Environment ment of fisheries resources, and monitors- em SUMMARY AND POTENTIAL manager», which communicates the towards achieving this aim is the establishment Havfisk continuously invests in environmental- ployee and management compliance with appli- of the Havfisk school, which organises training efficiency projects. The three new trawlers cable regulations and quota rules. The company IMPROVEMENTS 14 company’s focus on promoting eco- courses and attitude-forming projects targeting launched in 2013 and 2014 feature modern has also collaborated with the authorities, trade ENCLOSURE : CSR IN logically and financially sustainable Havfisk employees. technology that benefits the environment associations and non-governmental organisa- AKER OWNED COMPANIES 15 (including fuel-efficient engines, diesel-electric tions to combat illegal fishing. value creation for Norwegian society. Traditionally, the crews of fishing trawlers have propulsion and «clean class» notation from Det Det norske oljeselskap ASA 16 experienced high injury rates. This is due, not Norske Veritas). The existing fleet has been Aker Solutions ASA 17 havfisk.no least, to the fact that trawlers operate 24 hours upgraded with more environmentally friendly Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 23

INTRODUCTION 3 Havfisk works with various stakeholders to Havfisk is an industrial partner in the international, climate accounts are an important tool in efforts Society promote sustainable harvesting: inter-disciplinary GreenMar research project, to reduce emissions. Havfisk is an important factor in the- manage AKER’S CSR PRIORITIES which is examining the impact of climate change ment of Norway’s resources, and aims to sup- AND THE COMPASS 4 nn WWF‑Norway: cooperation to register ille- on marine ecosystems. The project incorporates Integrity port ecologically and financially sustainable gal bycatch research institutions in the ecology, climate Havfisk adopted an updated code of conduct development on behalf of Norwegian society. In AKER’S FOUR nn PRIORITY AREAS 5 Directorate of Fisheries: pilot project em- and marine resource fields, and is designed and new core values in 2013, which were im- addition to the initiatives described in the «Envi- ploying new fishing gear technology to improve knowledge about «green growth» plemented and communicated to employees in ronment» section above, Havfisk also supports 1. People 5 nn Institute of Marine Research: project to through sustainable management and use of 2014. Aker’s anti-corruption policy also applies the development of fisheries regulations through 2. The environment 7 test more environmentally friendly fishing marine areas. to Havfisk. its involvement in the Norwegian Fishing Vessel 3. Integrity 8 gear technology. Owners Association (Fiskebåt). 4. Society 9 Havfisk’s greenhouse gas emissions are reg- A dedicated whistleblowing channel has been istered by an external service provider as part established on the company’s website. CSR IN AKER’S WHOLLY- of the company’s overall climate strategy. The OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

INTRODUCTION 3 Aker Philadelphia Shipyard ASA People sumption of considerable volumes of energy, Integrity Maintaining a healthy, safe workplace is an in the form of both electricity and gas, as well In 2014, APSI both implemented an anti-corrup- AKER’S CSR PRIORITIES In 2014, Aker Philadelphia Shipyard important part of Aker Philadelphia Shipyard as particle emissions and volatile organic com- tion policy in line with Aker’s and established a AND THE COMPASS 4 (APSI)’s strategy. pound (VOC) emissions. whistleblowing service. introduced an anonymous whis- AKER’S FOUR PRIORITY AREAS 5 tleblowing service for reporting At APSI, employee representatives and manage- APSI aims to comply with or exceed require- Society ment liaise through a joint environment, health ments in relevant environmental laws and reg- APSI has been built in collaboration with local breaches of ethical guidelines. 1. People 5 and safety (EHS) committee, which reviews the ulations. Environmental reporting is an integral experts, the authorities and Philadelphia’s 2. The environment 7 various EHS programmes and makes recom- part of the company’s reporting system, and is and Aker’s industry knowledge and financial 3. Integrity 8 mendations on guidelines and procedures. In considered as important as financial and oper- strength. With the robust assistance of the trade 4. Society 9 2014, the company focused on training and the ational reporting. As part of these efforts, APSI unions, this collaboration has produced results further development of robust EHS procedures. evaluates and implements environmental im- in the form of jobs, financial ripple effects on the CSR IN AKER’S WHOLLY- provement measures linked to production pro- local community and a positive reputation for OWNED SUBSIDIARIES 11 During the course of 2014, the company reached cesses, alternative materials and services. APSI the yard in the context of winning contracts and Aker BioMarine AS 12 the milestone of one million working hours with- promotes open communication on environmen- operating sustainably. Fornebuporten AS 13 out a serious injury (lost time incident). tal issues with employees, local communities, public authorities and other stakeholders. The The company has participated in various social SUMMARY AND POTENTIAL Environment company has adopted systems for staff to report projects, and in 2014 supported an event IMPROVEMENTS 14 APSI takes its environmental responsibility se- observations and proposals regarding APSI’s aiming to improve awareness of and knowledge riously, and interaction with the external envi- environmental performance. No breaches of the about leukaemia. In this connection, 136 staff ENCLOSURE : CSR IN ronment is an important part of its strategy. The guidelines were registered in 2014. registered as bone marrow donors. AKER OWNED COMPANIES 15 phillyshipyard.com company’s business naturally entails the con-

INTRODUCTION 3 Norway Seafoods ASA In 2014, Norway Seafoods established an exter- a decline in the number of injuries resulting in Integrity nal whistleblowing channel and a whistleblow- absence from work. In 2014, Norway Seafoods improved its system AKER’S CSR PRIORITIES Norway Seafoods is one of Europe’s ing team. It also revised its ethical guidelines for the reporting of censurable matters by both AND THE COMPASS 4 and quality policy, and adopted more stringent Environment internal and external parties. Received reports are largest fish-processing companies. requirements and ambitions in the environmen- The company’s activities do not impact the processed by an external third party before being AKER’S FOUR PRIORITY AREAS 5 Its most important corporate social tal and anti-corruption areas in particular. external environmental more than what is normal sent to Norway Seafoods’ whistleblowing team. for the fish-processing industry. The company The system is the same as that used by Aker. responsibility is its role as a major 1. People 5 People primarily consumes energy in the form of 2. The environment 7 employer in several municipalities Norway Seafoods’ Code of Business Conduct electricity. Large amounts of seawater are used Norway Seafoods’ Code of Business Conduct 3. Integrity 8 states that the company will act fairly towards during processing, and emissions requirements sets out the company’s clear policy to be honest, in northern Norway. The company 4. Society 9 all employees, and promote an open compa- applicable to water discharged after fish fair and reliable. This entails that no services or has long had excess production ny culture in which all staff may form or join processing are monitored by the environmental gifts may be accepted or made with the aim of CSR IN AKER’S WHOLLY- trade unions. protection department of each county authority. securing an advantage. Norway Seafoods has capacity compared to the available OWNED SUBSIDIARIES 11 also revised its ethical guidelines to bring them Aker BioMarine AS 12 supply of raw materials and market Management and the employees meet in Although no material changes were made into line with Aker’s anti-corruption policy. various cooperation forums, as well as through to Norway Seafoods’ factories in 2014, the Fornebuporten AS 13 demand, and steps taken in 2014 the appointment of employee representatives to company did revise its quality policy and Society SUMMARY AND POTENTIAL included downscaling the operation the company’s board of directors. introduce more stringent environmental Norway Seafoods engages in the processing of monitoring requirements and ambitions. In white fish, primarily in the Norwegian counties IMPROVEMENTS 14 in Hammerfest. Norway Seafoods’ sick leave rate is stable, but addition, Norway Seafoods in Norway has joined of Finnmark, Nordland and Troms, as well as ENCLOSURE : CSR IN higher than desirable in some areas. Steps are Green Dot Norway, and is now obliged to help in Denmark. The company is a large, important AKER OWNED COMPANIES 15 taken continuously to reduce the rate of sick collect and recycle packaging and pay fees to employer in many municipalities, particularly leave. In Norway, the company is involved in the materials companies Plastretur AS (plastics) in northern Norway. The processing industry is Det norske oljeselskap ASA 16 projects such as the “inclusive working life” and Norsk Returkartong AS (cardboard). Norway global, with competitors in China, Poland and Aker Solutions ASA 17 initiative. It also has an explicit policy on older Seafoods is also a member of Norsk Lastbærer Russia. Financial sustainability is crucial to the Akastor ASA 19 staff, and the proportion of employees aged Pool (NLP). NLP provides its members with continuation of the business and the preservation Kværner ASA 20 over 62 has increased as intended. Further, in reusable pallets, which are used for deliveries to of jobs in local communities in Norway. Ocean Yield ASA 21 recent years Norway Seafoods has experienced Norwegian retailers. Havfisk ASA 22 norwayseafoods.com Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25 Corporate social responsibility at Aker 2014 26

INTRODUCTION 3

AKER’S CSR PRIORITIES AND THE COMPASS 4

AKER’S FOUR PRIORITY AREAS 5

1. People 5 2. The environment 7 3. Integrity 8 4. Society 9

CSR IN AKER’S WHOLLY- OWNED SUBSIDIARIES 11

Aker BioMarine AS 12 Fornebuporten AS 13

SUMMARY AND POTENTIAL IMPROVEMENTS 14

ENCLOSURE : CSR IN AKER OWNED COMPANIES 15

Det norske oljeselskap ASA 16 Aker Solutions ASA 17 Akastor ASA 19 Kværner ASA 20 Ocean Yield ASA 21 Havfisk ASA 22 Aker Philadelphia Shipyard ASA 24 Norway Seafoods ASA 25