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DNV Annual Report 2004

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DNV Annual Report 2004 Det Norske V Content eritas annual report 2004 DNV in brief 02 President’s introduction 04 Report of the Board of Directors 06 BUSINESS AREAS 00 DNV Maritime 14 DNV Certification 18 DNV Technology Services 22 DNV Consulting 26 DNV annual report 2004 CORPORATE 00 Information Technology 30 DNV Research 32 The DNV people 36 Safety, Health, and the Environment 40 Det Norske Veritas Corporate Social Responsibility 42 Red Cross partnership 44 Council, Board of Directors, Committees 46 Management teams and senior managers 50 FINANCIAL 00 Financial review 51 Notes to the financial statements 57 Auditor’s report 66 Global Reporting Initiative index 70 Det Norske V Content eritas annual report 2004 DNV in brief 02 President’s introduction 04 Report of the Board of Directors 06 BUSINESS AREAS 00 DNV Maritime 14 DNV Certification 18 DNV Technology Services 22 DNV Consulting 26 DNV annual report 2004 CORPORATE 00 Information Technology 30 DNV Research 32 The DNV people 36 Safety, Health, and the Environment 40 Det Norske Veritas Corporate Social Responsibility 42 Red Cross partnership 44 Council, Board of Directors, Committees 46 Management teams and senior managers 50 FINANCIAL 00 Financial review 51 Notes to the financial statements 57 Auditor’s report 66 Global Reporting Initiative index 70 Highlights Highlights from 2004 The international community’s focus on risk and the increasing tendency towards zero tolerance of STATUS accidents has resulted in a high level of demand for safety and quality services, which are DNV’s core areas. With the objective of safeguarding life, property, and the environment, 2004 was a year of considerable activity in all DNV’s four business areas; DNV Maritime, DNV Certification, DNV Technology Services and DNV Consulting. DNV MARITIME DNV TECHNOLOGY SERVICES The total DNV-classed fleet: DNV-classed rigs: 5,083 ships and offshore installations (5,100 in 2003), 158 offshore installations (147 in 2003), including mobile rigs, 16,6 per cent of the world fleet (16,4 percent in 2003). jack-ups, floating production ships and drill ships, representing 17 per cent of the total number of units. DNV CERTIFICATION ISO 9001: 39,634 certificates DNV CONSULTING ISO 14001: 6,033 certificates High level of impact on client's business performance Other certificates: 12,767 in delivering DNV's objective. Total certificates: 58,434 (45,542 in 2003). Det Norske Veritas DNV Maritime DNV Certification DNV Technology Services DNV Consulting Head office Main support and service centres Local offices 6,200 people in 300 offices in 100 countries. MILESTONES KEY FIGURES 26 MARCH 13 SEPTEMBER DNV was the first company to be accredited by the UN DNV Research celebrated its 50th anniversary. Operating revenue Profit for the year Framework Convention on Climate Change to validate 99 99 climate change mitigation projects where companies in 00 00 industrialised countries invest in greenhouse gas abatement 1 OCTOBER 01 01 in the developing world (CDM projects). DNV Certification launched Risk Based Certification™, 02 02 its exclusive approach to all management system certification. 03 03 1 APRIL 04 04 DNV passed the 100 million-gross tons mark by taking Danaos Shipping’s container ship P&O Nedlloyd Caracas into 4 DECEMBER > Operating revenue for the > Profit for the year 2004 class on delivery from Korea’s Samsung Heavy Industry yard. DNV celebrated its 140th anniversary. year 2004 NOK 5,957 million NOK 148 million Highlights Highlights from 2004 The international community’s focus on risk and the increasing tendency towards zero tolerance of STATUS accidents has resulted in a high level of demand for safety and quality services, which are DNV’s core areas. With the objective of safeguarding life, property, and the environment, 2004 was a year of considerable activity in all DNV’s four business areas; DNV Maritime, DNV Certification, DNV Technology Services and DNV Consulting. DNV MARITIME DNV TECHNOLOGY SERVICES The total DNV-classed fleet: DNV-classed rigs: 5,083 ships and offshore installations (5,100 in 2003), 158 offshore installations (147 in 2003), including mobile rigs, 16,6 per cent of the world fleet (16,4 percent in 2003). jack-ups, floating production ships and drill ships, representing 17 per cent of the total number of units. DNV CERTIFICATION ISO 9001: 39,634 certificates DNV CONSULTING ISO 14001: 6,033 certificates High level of impact on client's business performance Other certificates: 12,767 in delivering DNV's objective. Total certificates: 58,434 (45,542 in 2003). Det Norske Veritas DNV Maritime DNV Certification DNV Technology Services DNV Consulting Head office Main support and service centres Local offices 6,200 people in 300 offices in 100 countries. MILESTONES KEY FIGURES 26 MARCH 13 SEPTEMBER DNV was the first company to be accredited by the UN DNV Research celebrated its 50th anniversary. Operating revenue Profit for the year Framework Convention on Climate Change to validate 99 99 climate change mitigation projects where companies in 00 00 industrialised countries invest in greenhouse gas abatement 1 OCTOBER 01 01 in the developing world (CDM projects). DNV Certification launched Risk Based Certification™, 02 02 its exclusive approach to all management system certification. 03 03 1 APRIL 04 04 DNV passed the 100 million-gross tons mark by taking Danaos Shipping’s container ship P&O Nedlloyd Caracas into 4 DECEMBER > Operating revenue for the > Profit for the year 2004 class on delivery from Korea’s Samsung Heavy Industry yard. DNV celebrated its 140th anniversary. year 2004 NOK 5,957 million NOK 148 million DNV in brief DNV in brief Taking pride in managing risk Established in 1864, Det Norske Veritas (DNV) has the objective of safeguarding life, property, and the environment. Our core competence is to identify, assess, and advise on how to manage risk. Managing risk is at the core of everything we global network. We help our customers create do, all over the world. Whether we classify a confidence and enhance performance in all ship, certify an automotive company’s man- phases of their assets’ lifetimes through tech- agement system, or advise on how to best nology qualification, risk-based verification, take care of an aging oil platform, manag- offshore classification, and asset-operation ing risk is our main focus and priority. services. DNV Technology Services makes DNV is an independent, autonomous R&D results and recent industry experience foundation. This means that we can balance available through the DNV Offshore Codes, the needs of business and society, based on thus establishing an industry standard. our independence and integrity. DNV CERTIFICATION GLOBAL REACH DNV Certification is a world-leading certifi- DNV is an international company with 300 cation body in verification, assessment, and offices in 100 different countries. Head- certification, providing trust and confidence quartered in Oslo, Norway, DNV’s global to customers and stakeholders. Our customer network is linked together by state-of-the-art base includes small and large companies in information technology that enables us to most industries. Key industries are food, create value for our customers in a consis- automotive, aviation, and finance. tent manner worldwide. Our prime assets are the creativity, know- DNV CONSULTING ledge, and expertise of our 6,200 employees DNV Consulting is a different type of con- from more then 80 different nations, most sulting firm, combining business risk and of them highly qualified. technical competence with genuine industry knowledge and a strong business orienta- OUR BUSINESS AREAS tion. DNV Consulting helps clients to safely DNV operates in multiple industries inter- and responsibly improve their business per- nationally, and is organised into four busi- formance by providing state-of-the-art solu- ness areas. tions to a wide range of issues involving safe- ty, security, environmental and business DNV MARITIME risks. The primary market sectors include DNV Maritime is a world-leading classifica- upstream oil and gas, the process industries, tion society, helping the maritime industry transportation, utilities, ICT, food and bev- to manage risk in all phases of a ship’s life, erage and the public sector. through ship classification, statutory certifica- tion, fuel testing, and a range of technical, LOOKING TO THE FUTURE business risk and other competence-based DNV invests in research to develop future services. DNV Maritime develops rules and services that will safeguard life, property establishes requirements to ships, and our and the environment. Through exploring surveyors ensure that these requirements new technologies and building knowledge, are met. our customers are provided with the best possible value over a long-term perspective. DNV TECHNOLOGY SERVICES Wherever we are, and whatever we do – DNV Technology Services is a leading suppli- 6,200 DNV colleagues take pride in working er of services to the oil, gas, energy, and for a knowledge based organisation with a process industries, leveraging our cutting- broad range and depth of competence. edge technologies, industry knowledge, and 3 President’s introduction THE DNV MANAGEMENT TEAM, from left: > Chief Technology Officer Wiggo Smeby > COO DNV Technology Services > Chief Human Resource and Organisation > President and Chief Executive Officer Elisabeth Harstad Officer Paul S. Campbell Miklos Konkoly-Thege > Chief Relations and Communications > COO DNV Maritime Tor E. Svensen > Chief Legal Officer Amund W. Skou Officer Tom Virik > COO DNV Consulting Iain M. Light > Chief Financial Officer Torolf Aadnesen > COO DNV Certification Henrik O. Madsen to safeguard life, “ property, and the environment ” President’s introduction A more complete picture Increased transparency is a growing expec- The Global Reporting Initiative (GRI) is a tation regarding all aspects of society – not multi-stakeholder process and independent least the business community. Business per- institution, whose mission is to develop and formance is today far more than a compa- disseminate globally applicable sustainability- ny’s financial bottom line, and needs to be reporting guidelines.
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