Sustainability

BW Ideol seeks to be a good corporate citizen and places due respect on the impact its business activities may have on employees, partners, suppliers, investors and the societies in which the Company is present.

As project developer and technology provider of renewable energy production solutions, sustainability is at the core of BW Ideol's mission and integrated in the company long-term value creation.


Mission & values

BW Ideol is guided by its mission and values, which distil the Company’s ambition to contribute positively to the well-being of people, sustainable development of our planet as well as value creation and prosperity for all.

Our core values

Social responsability

BW Ideol seeks to be an inclusive employer and believes that equality and diversity among employees and management contributes positively to the work environment and strengthens competitiveness and performance. There is no discrimination due to gender, nationality, culture or religion with respect to remuneration, promotion or recruitment. The Group is committed to recognise diversity and ensure equal opportunities, including fair employment conditions.

Our 2021 key figures

In 2022, BW Ideol has defined several priorities, including : 

  • A strong investment in employees training and competencies to promote well-being at work and maintain a low turnover rate
  • The promotion of diversity and launching of an internal women network to improve the gender balance

Environmental impact

BW Ideol is about supporting the transition to a net zero society and creating long-term value for its stakeholders with positive impacts for society at large. BW Ideol develops renewable energy solutions in a responsible manner. By leveraging its experienced organisation, capabilities and unique technology, the Company enables a transition to green electricity and the elimination of greenhouse gas emissions in the areas the Company operates.

Moreover, compared to other technologies, floating offshore wind has inherent environmental advantages, such as:

  • access to better wind conditions resulting in higher production of electricity and lower intermittence, and therefore a reduction in production cost per MWh,
  • reduced impact on the surrounding environment, including visual, noise, fishing and commercial shipping.

The Company seeks to minimise negative impacts of its operating activities and asset investments, while creating material positive effects through responsible development of local value chains.

Within the frame of our Management system, we intend to reconcile the achievement of our strategic objectives while carry out a process of continuous improvement on the
quality of our products and our environmental performance. BW Ideol's Quality & Environment policy (in French) summarizes our commitment in this area. 

 

Governance, ethics & business conduct

The Management and the Board are responsible for ensuring that the Company conducts its business with integrity and with due focus on sustainable and responsible operations and that it applies principles for sound corporate governance. The Board holds the highest authority in the Company’s decision-making hierarchy to approve matters of significance. BW Ideol has adopted a Corporate Governance (CG) policy aligned with the Norwegian Code of Practice for Corporate Governance and provides a separate CG report in the Annual Report.

The Company is committed to conduct business in a fair, ethical and transparent manner by adhering to the principles and guidelines stated in :

The Company strives to be a good corporate citizen and uphold the highest ethical and responsibility standards. In 2022-2023, BW Ideol intends to develop a more comprehensive structure for management and monitoring of ESG objectives by defining a chain of command and proper policies and guidelines.

Certificates

ISO 9001

 

BW Ideol’s Management System is ISO 9001 v2015 certified since 2017.

BW Ideol is also progressing on the ISO 14001 certification process ; the certification is targeted in mid-2023.

 

 

Read the 2021 Sustainability report

Our technology

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Our projects

Ideol floating offshore wind

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Our news

Corporate and projects updates

Floatgen BW ideol

Floatgen achieves continuous capacity factor of nearly 60%

BW Ideol is pleased to announce continuously strong operational results from its 5-year-old Floatgen demonstrator, showing a capacity factor of nearly 60% over the last three months and a production of 25GWh since its 2018 commissioning.

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BW Ideol DR

BW Ideol teams up with Taiya Renewable Energy for both pilot and commercial-scale projects in Taiwan

BW Ideol has signed a partnership agreement with Taiya Renewable Energy for the joint development, subject to further due diligence and negotiation of the final agreements among the Parties, of a floating offshore wind pipeline including a 50 MW floating wind pilot-project and commercial-scale projects off Taiwan.

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Tohoku

BW Ideol and Tohoku Electric Power start first stage of commercial-scale floating wind project in Iwate prefecture, Japan

BW Ideol and Tohoku Electric Power Co., Inc. (President: Kojiro HIGUCHI) are pleased to announce that both companies have signed a formal agreement and initiated the feasibility studies necessary to jointly develop a commercial-scale floating offshore wind farm off the coast of Kuji city, Iwate prefecture; project based on BW Ideol’s proven and patented Damping Pool® technology. The two companies intend to collaborate very closely to contribute to the early commercialization of cost-competitive floating offshore wind power in Japan through this Iwate prefecture project.

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