Norsk Hydro ASA 2016 AR2
The report highlights Hydro's progress in its 'Better, Bigger, Greener' strategy during 2016, delivering NOK 1.4 billion in annual improvements and achieving its best-ever safety record with zero fatalities and a TRI rate of 2.6. The company remained on track to achieve carbon neutrality from a life-cycle perspective by 2020, supported by investments in the Karmøy Technology Pilot and a new automotive line in Germany. Financially, underlying EBIT decreased to NOK 6,425 million due to lower alumina and metal prices, though bauxite and alumina production reached record levels. The report also details Hydro's commitment to the UN Global Compact, the Aluminium Stewardship Initiative, and its first UK Modern Slavery Act transparency statement.
Company: Norsk Hydro ASA
Sector: Manufacturing
Country: Norway
Year: 2016
Type: AR2
Pages: 274
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Norsk Hydro ASA
Annual Report
The report highlights Hydro's progress in its 'Better, Bigger, Greener' strategy during 2016, delivering NOK 1.4 billion in annual improvements and achieving its best-ever safety record with zero fatalities and a TRI rate of 2.6. The company remained on track to achieve carbon neutrality from a life-cycle perspective by 2020, supported by investments in the Karmøy Technology Pilot and a new automotive line in Germany. Financially, underlying EBIT decreased to NOK 6,425 million due to lower alumina and metal prices, though bauxite and alumina production reached record levels. The report also details Hydro's commitment to the UN Global Compact, the Aluminium Stewardship Initiative, and its first UK Modern Slavery Act transparency statement.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees