Sustainability
as a strategy

Climate change – one of the greatest challenges of our time

Climate change has become one of the most significant global challenges of our time. The build-up of greenhouse gases in the atmosphere, primarily carbon dioxide (CO₂), has led to dramatic changes in weather patterns, rising temperatures and a range of environmental consequences.
Recognising the need to cut emissions, more and more companies are adopting carbon accounting as a key tool for understanding and managing their environmental impact. 2022 was Head Energy Group’s first reference year for carbon accounting, and 2023 is our first opportunity to measure progress.

Our responsibility for a more sustainable future

Head Energy has long recognised its responsibility to reduce its environmental footprint and contribute to sustainable development. With a focus on holistic energy solutions, the company strives to deliver innovation while reducing its impact on climate and nature.
Through carbon accounting, Head Energy aims to gain better insight into its emissions, identify areas for improvement and implement effective measures that can help limit our impact on climate change.

Carbon accounting methodology

To map and calculate its carbon footprint accurately, Head Energy has used a robust methodology based on internationally recognised standards. Data collection has covered our own operations, supply chains and employee activities.
By calculating emissions from business travel, commuting and steel purchases, among other things, Head Energy obtained a complete overview of its carbon footprint for the base year 2023.

Business travel – important, but emission-intensive

Business travel accounts for a significant share of Head Energy’s carbon footprint. As an international company, travel is a necessary part of everyday work, for collaboration, client contact and project execution. At the same time, it adds to our emissions.
The report provides a thorough analysis of emissions from business travel, including short- and long-haul flights, ground transport and accommodation.

Employee commuting – towards a more sustainable journey to work

Another important source of emissions is employee commuting. With colleagues based in several locations, this brings both challenges and opportunities. The report looks at commuting patterns, alternative modes of transport and the use of remote working, and how these can help reduce Head Energy’s overall carbon footprint.

Steel purchases – building responsibly

Steel is an essential part of Head Energy’s projects, particularly in onshore and offshore EPCIC deliveries. However, steel production is a significant source of CO₂ emissions. The report analyses our purchasing routines and looks at life-cycle emissions from steel deliveries, as well as possible strategies to reduce the impact.

2023 – growth with lower emissions per employee

Head Energy Group achieved record revenue and solid growth in 2023. In absolute terms, this meant a 20.7% increase in CO₂ emissions compared with 2022. At the same time, the number of employees grew by more than 26%, which means we actually reduced CO₂ emissions per employee in 2023.

In addition, emissions from steel purchases were significantly lower in 2023 than in 2022, as several modification projects were postponed.

Overall, the carbon accounts show that Head Energy Group has achieved:

• a 42.9% reduction in CO₂ emissions per employee from 2022 to 2023 (scope 1–2).
• a 4.5% reduction in CO₂ emissions per employee from 2022 to 2023 (scope 1–3).