In September 2007, Statoil was ranked as the best oil and gas company in the world for sustainability by the Dow Jones Sustainability World Index for the fourth consecutive year, and Hydro received the same accolade in the basic resources sector for the second year running.
The company has also been highly ranked on other indices, some of which are described below.
The Dow Jones Sustainability World Index (DJSI World)
This index comprises more than 300 companies selected out of the 2500 companies in the Dow Jones World Index.
Companies are assessed along three main dimensions and in several subcategories:
- Economic (codes of conduct, corporate governance, risk and crisis management, and several industry specific criteria including customer relationship management, exploration and production, gas portfolio)
- Environmental (environmental performance/eco-efficiency, environmental reporting, and several industry specific criteria including biodiversity, climate strategy, refining/cleaner fuels).
- Social (corporate citizenship/philanthropy, labour practice indicators, human capital development, social reporting, talent attraction and retention, and several industry specific criteria including occupational health and safety, social impacts on communities, standards for suppliers).
Following an annual review, the companies representing the top 10 per cent in terms of sustainability performance in their sector are included in the index.
The company having the highest total score on the basis of all categories is ranked as "supersector leader".
In 2007 both Statoil and Hydro achieved this rank - Statoil for the fourth consecutive year in the oil and gas industry, and Hydro for the second year running in the basic resources industry.
SAM Sector Leader 2008
SAM (Sustainable Asset Management) each year invites the 2500 largest companies in the world, as reflected in the Dow Jones Global Index, to participate in SAM's Corporate Sustainability Assessment to gain a spot in SAM's annual Sustainability Yearbook.
Only the top-scoring 15 per cent of those companies in each of the 57 sectors assessed by SAM for the Dow Jones Sustainability World Index (DJSI World) are included.
Based on our performance on the DJSI World, in 2008 StatoilHydro also qualified as a SAM Sector Leader for the oil and gas industry, and in addition receiving the SAM Gold Class distinction.
GS SUSTAIN
The GS SUSTAIN focus list, compiled by Goldman Sachs, is designed to pay maximum attention to companies they believe are best positioned to succeed given the issues arising from a rapidly changing, globalizing world.
It incorporates 21 identified winners from mature industries, which are set to undergo structural change or maintain a leadership position, and 23 attractively valued winners from emergent industries.
GS SUSTAIN draws on Goldman Sachs' proprietary ESG (Environment, Social, Governance) framework to analyse how companues interact with the four pillars of: the economy in general, their industry, society and the environment.
The framework incorporates corporate governance, social issues with regard to leadership, employees and wider stakeholders, and environmental management.
In 2006, Statoil was ranked third on the ESG index among 26 companies in the energy sector covered by the survey.
FTSE4Good
The FTSE4Good has criteria in the areas of environment, social and stakeholder issues (including ethics and corporate governance), and human rights (including labour rights), supply chain labour standards and countering bribery criteria.
The index is designed to reflect a broad consensus on what constitutes good corporate responsibility practice globally, and originates from common sets of principles such as the Universal Declaration of Human Rights , the OECD Guidelines for Multinational Enterprises , the UN Global Compact and the Global Reporting Initiative.
The index works on a "pass the hurdle", inclusion/non-inclusion basis, and consequently does not rank companies in each sector relative to each other or a maximum score.
Statoil has been an index constituent since 2002 and Hydro since 2001.
Storebrand Best in Class
We have also been ranked as 'Best in Class' for our leading environmental and social performance by the Storebrand Group, a leading player in the Nordic markets for pensions, life and health insurance, banking and asset management.
The 'Best in Class' distinction is awarded to those companies ranking in the top 30 percentile of Storebrand's corporate responsibility performance analyses.
