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
Mandatory for all, these define the principles of reporting, general disclosures (governance, strategy), and the process for determining material topics. These are the mandatory universal standards accounted for in Solvang's ESG report 2025. For omitted topics, see below.
General disclosures: GRI 2
1. Organization and its reporting practices
- 2-1 Organizational details
- 2-2 Entities included in the organization’s sustainability reporting
- 2-3 Reporting period, frequency and contact point
- 2-4 Restatements of information
- 2-5 External assurance
2. Activities & workers
- 2-6 Activities, value chain and other business relationships
- 2-7 Employees
3. Governance
- 2-9 Governance structure and composition
- 2-10 Nomination and selection of the highest governance body
- 2-11 Chair of the highest governance body
- 2-12 Role of the highest governance body in overseeing the management of impacts
- 2-13 Delegation of responsibility for managing impacts
- 2-14 Role of the highest governance body in sustainability reporting
- 2-15 Conflicts of interest
- 2-16 Communication of critical concerns
- 2-17 Collective knowledge of the highest governance body
4. Strategies, policies and practises
- 2-22 Statement on sustainable development strategy
- 2-23 Policy commitments
- 2-24 Embedding policy commitments
- 2-26 Mechanisms for seeking advice and raising concerns
- 2-28 Membership associations
5. Stakeholder engagement
- 2-29 Approach to stakeholder engagement
- 2-30 Collective bargaining agreements
2. Oil & Gas sector standard
Solvang applies relevant chapters of the GRI template 11: Sector standard for oil and gas, with the following topics:
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
11.3 Air emissions
GRI 305: Emissions
- 305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other
significant air emissions
11.4 Biodiversity
GRI 101: Biodiversity
- 101-1 Policies to halt and reverse biodiversity loss
- 101-2 Management of biodiversity impacts
- 101-4 Identification of biodiversity impacts
11.5 Waste
GRI 306: Waste
- 306-1 Waste generation and significant waste-related impacts
- 306-2 Management of significant waste-related impacts
- 306-3 Waste generated
- 306-4 Waste diverted from disposal
- 306-5 Waste directed to disposal
11.6 Water and effluents
GRI 303: Water and effluents
- 303-2 Management of water discharge-related impacts
11.9 Occupational health and safety
GRI 403: Occupational Health and Safety
- 403-1 Occupational health and safety management system
- 403-2 Hazard identification, risk assessment, and incident
investigation - 403-3 Occupational health services
- 403-4 Worker participation, consultation, and communication
on occupational health and safety - 403-5 Worker training on occupational health and safety
- 403-6 Promotion of worker health
- 403-8 Workers covered by an occupational health and safety
management system - 403-9 Work-related injuries
- 403-10 Work-related ill health
11.10 Employment practices
GRI 401: Employment
- 401-1 New employee hires and employee turnover
- 401-2 Benefits provided to full-time employees that are not
provided to temporary or part-time employees - 401-3 Parental leave
GRI 402: Labor/Management Relations
- 402-1 Minimum notice periods regarding operational changes
- GRI 404: Training and education
- 404-1 Average hours of training per year per employee
- 404-2 Programs for upgrading employee skills and transition
assistance programs - 404-3 Percentage of employees receiving regular performance
and career development reviews
GRI 414: Supplier social assessment (2016)
- 414-1 New suppliers that were screened using social criteria
- 414-2 Negative social impacts in the supply chain and actions
taken
11.11 Non-discrimination and equal opportunity
GRI 202: Market presence
- 202-2 Proportion of senior management hired from the
local community - GRI 405: Diversity and equal opportunity 2016
- 405-1 Diversity of governance bodies and employees
- 405-2 Ratio of basic salary and remuneration of women to
men.
11.12 Forced labor and modern slavery
GRI 414: Supplier social assessment
- 414-1 New suppliers that were screened using social
criteria - 414-2 Negative social impacts in the supply chain and
actions taken
11.14 Economic impacts
GRI 203: Indirect Economic Impacts
- 202-2 Proportion of senior management hired from the
local community - 203-1 Infrastructure investments and services supported
- 203-2 Significant indirect economic impacts
11.15 Local communities
GRI 413: Local Communities
- 413-1 Operations with local community engagement,
impact assessments, and development programs - 413-2 Operations with significant actual and potential
negative impacts on local communities
11.19 Anti-competitive behavior
GRI 206: Anti-competitive behaviour
- 206-1 Legal actions for anti-competitive behavior, anti-
trust, and monopoly practices
11.20 Anti-corruption
GRI 205: Anti-corruption
- 205-1 Operations assessed for risks related to corruption
- 205-2 Communication and training about anti-corruption
policies and procedures - 205-3 Confirmed incidents of corruption and actions taken
List of omitted topics from Sector Standard 11 Oil & Gas
- 11.7 Closure and rehabilitation (n/a, no relevant sites)
- 11.8 Asset integrity and critical incident management (n/a,
no relevant assets) - 11.13 Freedom of association and collective bargaining
(n/a, no risk perceived) - 11.16 Land and resource rights (n/a, no relevant land or
resources) - 11.17 Rights of indigenous peoples (n/a, no relevant
activities) - 11.18 Conflict and security (n/a, no relevant contact points
with stakeholders) - 11.21 Payments to governments
- 11.22 Public policy (n/a, no PR operations)
2. Oil & Gas sector standard
Solvang applies relevant chapters of the GRI template 11: Sector standard for oil and gas, with the following topics:
