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 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.
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
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 and Safety policy 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’s code of conduct (“Règlement intérieur”),
- The Anti-Bribery and Corruption policy
- The Whistleblowing policy
- The Investor relations policy including disclosure and social media guidelines
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.
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.