3. CSR’s reporting: 3.1. Standards and initiatives: To serve the purpose of producing low-carbon energy and attain sustainability, Equinor has been a participant of the United Nations Global Compact for almost 18 years, since July 2000. Their sustainability reports are prepared concerning the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines, including the Oil and Gas Sector Supplement (equinor.com). In their 2017 Sustainability Report, Equinor state that they support the Sustainable Development Goals (SDGs). As a global energy provider, they make contribution to the delivery of three of the 17 SDGs: • SDG 7: Ensure access to affordable, reliable, sustainable modern energy for all. • SDG 8: Promote sustained, inclusive …show more content…
Equinor’s CSR reporting assessment Transparency and good sides Transparency International gave Equinor a score of 6.6 out of 10 in their study on transparency in reporting done on the 124 biggest publicly traded companies in the world (Transparency International, 2014). With this score, Equinor was ranked 3 out of 124 companies. The report evaluated the revelation practices of companies according to three different categories; anti-corruption programs, organizational transparency and country-by-country reporting. As can be seen from the report, Equinor scored high on the anti-corruption programs, good on the organizational transparency and country-by-country reporting. The company’s reports are externally assured by EY in the past and by KPMG since 2011. The external assurance concludes that the reports are presented in all material respects, in accordance with the GRI G4 Sustainability Reporting Guidelines ‘’core’’ reporting level. Furthermore, their reports also meet the requirements for the UNGC advanced reporting level, as stated on the UNGC …show more content…
In 2012, Equinor was rewarded as best Corporate Social Responsibility publication (Ragan’s PR Daily Awards, 2012). The firm recognized that it breached the Alberta, Canada’s Water Act by exceeding the water usage allowed in their operating process in 2011. Equinor proactively revealed the problem and announced that, despite being the only oil sands exploration organization with numeric green goals standards, it was necessary for the company to react rapidly to guarantee obedience to the law. Finally, Equinor amazed researchers by its readiness to show company records in public archives and make early records available to everyone (Fintland, Martin & Braut, 2013). Investigations exposed that company announcements, company ethics and company actions are