GRI reporting by Solvang
THE GLOBAL REPORTING INITIATIVE
The third framework for Solvang’s sustainability reporting is the GRI standards, which enable us to define and report on
impacts on the economy, environment and people in a transparent way.
The GRI framework covers governance, strategy, policies and practices, climate change mitigation and adaptation,
emissions, waste and water management, and social responsibility related to health, safety, and non-discrimination.
The 2025 ESG report includes references to GRI topics on all major reporting issues. As part of Solvang’s GRI reporting,
the company has assessed and determined impacts in line with the revised GRI sector standards as from 2023.
The assessment is being conducted on a continuous basis, in dialogue with our stakeholders.
The process of determining material topics is documented in Solvang’s materiality assessment.
Structure of the GRI STANDARD
1. Universal standards
- Organization and reporting choices
- Activities and workers
- Governance
- Strategies, policies and practises
- Stakeholders
2. Oil & Gas sector standard
Solvang applies relevant chapters of the GRI template 11: Sector standard for oil and gas, with the following adjustments.
11.1 GHG emissions
GRI 103 Energy, disclosures
- 103-1 Energy policies and commitments
- 103-2 Energy consumption and self-generation within the
organization - 103-4 Energy intensity
- 103-5 Reduction in energy consumption
GRI 102: Climate change
- 102-4 GHG emissions reduction targets and progress
- 102-5 Scope 1 GHG emissions
- 102-8 GHG emissions intensity
11.2 Climate adaptation, resilience, and
transition
GRI 102: Climate change 2025
- 102-1 Transition plan for climate change mitigation
- 102-2 Climate change adaptation plan
- 102-9 GHG removals in the value chain
- 102-10 Carbon credits
GRI 201: Economic performance 2016
- 201-1 Direct economic value generated and distributed
- 201-3 Defined benefit plan obligations and other
retirement plans - 201-4 Financial assistance received from government
