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4 Sustainability Lessons Statoil Can Teach Any Oil and Gas Corporation

I was super surprised to hear that 10 oil and gas companies made it into the 2015 Global 100 Most Sustainable Corporations In The World Index this year (Global 100 index). This included Statoil, a Norwegian multinational oil and gas company headquartered in Stavanger, Norway.
So what did these oil and gas companies do to make the list?
Well according to the authors of the list, Toronto-based media and investment research firm Corporate Knights, the top 100 were analysed based on a bunch of pretty awesome key performance indicators.
Companies were evaluated based on:

  • Energy productivity
  • Carbon productivity
  • Water productivity
  • Waste productivity
  • Innovation capacity
  • Percentage tax paid
  • CEO to average worker pay
  • Pension fund status
  • Safety performance
  • Employee turnover
  • Leadership diversity
  • Clean capitalism pay link

Modelling on success
Statoil made it to number 27 on the 2015 Global 100 index this year beating the other 9 oil and gas corporations on the list. So what can Statoil teach other corporations about sustainability? It turns out a lot.
Here is a list of 4 sustainability lessons Statoil can teach any oil and gas corporation:
1. Be authentic and transparent
Check out Statoil’s sustainability report and you will think they have been given a dose of truth serum. They declare everything they’ve done – the good and the bad.
The corporation’s transparency shows it takes responsibility for its actions and is taking steps to clear up any mistakes. This creates trust between a corporation and the public.
2. Ask people for help
Statoil recently partnered with GE to launch a global Open Innovation Challenge to develop new approaches to create efficient, low-cost technologies for oil and shale gas production while also reducing emissions. The Challenge will encourage worldwide innovators beyond the oil and gas industry to invent potential solutions to make energy production more sustainable. Sometimes being innovative means asking other people and organizations for help.
3. Set sustainable goals and achieve them
Statoil have set two main goals:

i. To be recognised as the most carbon efficient oil and gas producer – because it believes fighting the risk of climate change is crucial.

ii. To commit to creating lasting value for communities – because producing finite resources can only be considered sustainable if opportunities are created for future generations as a result of their use.

Statoil is working towards these goals by preventing harm to local communities, respecting human and labor rights, creating local opportunities, increasing resource efficiency, and balancing energy supply and climate impact. They’ve managed to do a great job considering they reached a high score of 65.20% on the 2015 Global 100 index. If oil and gas corporations want to be sustainable it’s important to set goals that they actually aim to fulfill.
4. Make a fabulous website
Well, this won’t really help with sustainability scores, but it sure does help non-engineering folk like me understand what an oil and gas company is doing to be sustainable and why. Statoil definitely has the most beautiful and interactive oil and gas landing pages I have ever seen. I really respect the way it presents its information as it doesn’t try and hide behind technical terms or vague language.

0ba8618 Aisha Tejani
Aisha Tejani is a contributing writer of Castagra Products, a storage tank and wastewater coatings manufacturing company that is highly acclaimed for its sustainable coatings, cold weather tank and secondary containment coating applications. Castagra products are NSF-61 certified and are used by the world’s top water and wastewater contractors.