As an industrial company, Servi Group recognises that we have an impact on the environment. However, by using our values (responsibility, innovation, robustness and flexibility) as a compass, and combine these with our extensive experience, we have excellent opportunities to make a positive contribution. Servi Group has selected four of the UN Sustainable Development Goals which we want to help achieve.
, which is about responsible consumption and production, forms a key element of Servi Group’s sustainability work. This is about Servi Group’s production methods and the products we offer. Many of Servi’s products help customers to reduce their ecological footprint, for example by reducing energy consumption and oil volumes, and producing less noise. Servi’s products also have long lifespans, can usually be repaired and upgraded, and have a high level of recyclability.
In order to deliver what the market wants, both now and in the future, while keeping our impact on the environment as low as possible, Servi Group has a high focus on development and technological solutions. This helps to achieve Sustainable Development Goal no. 9, which is about industry, innovation and infrastructure. As well as developing new products and services, Servi Group’s deliveries to the renewable energy segment is an important contributor here.
The third Sustainable Development Goal that Servi Group has selected is Goal no. 10, which is about reducing inequalities. To Servi Group, this is about more than simply gender equality. We want an inclusive working environment and society, where there is a place for everyone, and where diversity gives us a wide range of perspectives. This improves job satisfaction and makes us better equipped to face the challenges of the future.
The final Sustainable Development Goal which Servi Group is contributing to is Sustainable Development Goal no. 13, which is about stopping climate change. Although Servi Group’s emissions are small in the greater context, also we must strive to reduce the greenhouse gas emissions generated both by our own production and from our value chain. Reducing greenhouse gas emissions is closely related to Sustainable Development Goals 9 and 12.
Servi Group has identified five focus areas for our sustainability strategy is closely integrated with Servi Group's overall company strategy.
Reduce greenhouse gas emissions by reducing energy consumption and emissions from our own operations, as well as reducing Scope 3 emissions.
Contribute to the green transition through innovative and technological solutions.
Deliver products, systems, and services with reduced environmental footprint, such as products with reduced energy consumption, oil consumption and noise, as well as environmentally acceptable lubricants, anti-corrosion products, and products that promote sustainable aquaculture.
Contribute to the green transition through deliveries to the renewable energy sector, including offshore wind and hydropower.
Contribute to a circular economy by designing and producing products of high quality that can be repaired, as well as handling scrapped products from customers, and by recycling materials and reusable parts.
Contribute to reducing inequality and creating opportunities for employees through skills development and focus on equality, inclusion, and diversity.
As an industrial company, we have a significant impact throughout our entire value chain, from the raw materials being extracted until our products are disposed of many years later. However, we have also identified opportunities related to climate and the environment.
Here you can see our most important measures:
Our goal is to reduce greenhouse gas emissions in line with the Paris Agreement. The objective is to reduce emissions in scope 1 and scope 2 by 48% by 2030 (compared to 2022 figures).
The majority of our emissions are, however, in scope 3, particularly related to the purchase of goods and services. We are in the process of mapping several of the categories in scope 3.
Read more about our measures and objectives to reduce greenhouse gas emissions in the sustainability report.
The products and systems which Servi Group delivers represent a significant part of our value chain. A significant part of their environmental impact occurs in the customer use phase. Delivering products and systems which reduce the customer’s environmental impact is therefore a very important focus area for Servi Group. This is an area where we see that Servi Group can make a big difference, compared to the rest of the market.
The environmental impact from customer use occurs in several areas. Two significant impacts are hydraulic systems’ consumption of energy and mineral oils. Servi Group can deliver a range of different solutions to enable the customer to reduce their energy consumption. As well as reducing the environmental impact, the energy saving also means that customers have reduced their costs. Servi Group also delivers systems which are designed to use biodegradable hydraulic oil.
The transition to renewable energy sources is one of the biggest challenges facing the global community today. It is not just about a transition from fossil energy to renewable energy, but also about increasing total energy production. The additional factor of an energy crisis in Europe further reinforces the importance of this.
Servi Group has many years of experience in the hydropower industry, delivering hydraulic controls for sluice gates and turbines. In recent years, Servi Group has also delivered increasing volumes of equipment to major offshore wind projects. In 2022, deliveries to hydropower and offshore wind accounted for 3.7% and 6.5% respectively of Servi Group’s total sales. Servi Group has ambitions to grow in both hydropower and offshore wind in the years ahead. As well as making an important contribution to society, helping to increase the supply of renewable energy, this also represents significant growth opportunities for Servi Group. Ensuring that the company is well established in multiple segments also makes it more robust.
Read more about our deliveries to offshore wind and hydro power.
The world’s natural resources are under enormous pressure, and the production of virgin materials also generates high greenhouse gas emissions. A circular economy in which materials are used efficiently, products have a long lifespan, and components are recycled and reused, is therefore one of the most important measures towards succeeding with the green transition.
Servi Group offers a service and maintenance function that take care of the products throughout their life cycle. This ensures that equipment benefits from maximum uptime and a longer service life. Servi Group’s products are robust and have a long service life and are designed to be easy to repair and overhaul. At their end of life, most of the products can be disassembled and the materials recycled. As most of the products are made mainly from steel, they have a high degree of recyclability. Some components can occasionally also be used in new products.
In recent years, we have seen an increase in repairs and overhauls compared with previous years. It is obvious that customers are seeing the value of this, from both sustainability and cost perspectives. Besides, it is often faster for customers to have equipment repaired, rather than ordering production of new systems. Servi Group also offers customers the option of returning decommissioned products. This allows Servi Group to take an increased producer responsibility, and thereby responsibility for the entire lifecycle of its products.
Read more about our approaches and targets for circular products and services in the sustainability report.
You can read about some of the contracts we have performed for our customers here:
Servi Group is certified with ISO 14001. The ISO 14001 certification means that Servi Group has a good environmental management system. This ensures that we work continuously to reduce our impact on the environment, and it makes us able to respond to changes. ISO 14001 facilitates continuous improvements and addresses risks and opportunities.
As the employer to more than 300 people, Servi Group believes in the importance of ensuring that all the employees are happy at work. Some of the prerequisites for this are ensuring that employees feel a sense of development and achievement and that they are a part of a diverse and inclusive environment. An inclusive working environment creates job satisfaction and confidence, and a diverse working environment brings a range of approaches, experiences and perspectives into the work processes.
Read about our approaches and targets for work with equality, inclusion and diversity in the Sustainability Report.
Servi Group has zero tolerance for corruption and other illegal or unethical business conduct. Servi Group’s ethical guidelines represent our commitment to complying with applicable laws and regulations in the countries in which we operate, including internationally recognised human rights, as well as our commitment to conducting business in an ethical manner.
Servi Group’s ethical guidelines are based on the UN Global Compact principles, OECD guidelines for multinational companies, and relevant conventions and recommendations from the International Labour Organisation (ILO), as well as Norwegian and international anti-corruption laws in every country in which we have a commercial operation (such as the US Foreign Corrupt Practices Act (FCPA) and UK Bribery Act). The ethical guidelines apply to Servi Group’s board members, managers and all its employees. While the ethical guidelines provide detailed guidance, Servi Group’s compliance policy summarises our commitments at a general level.
Servi Group has zero tolerance for corruption. Servi Group has all its operations in Norway. In Transparency International's Corruption Perception Index 2022, Norway is ranked as the fourth best country in the world in relation to corruption. In other words, the standard for ethical business conduct is very high. There will, however, always be a possible risk that some employees may have unethical intentions or be deceived. Therefore, anti-corruption is always an important topic. Training in ethical guidelines and compliance policy is an important measure to prevent corruption.
When dealing with potential new suppliers and customers who are located in countries with a low corruption score, we always make a thorough assessment before entering into an agreement.
Servi Group's ambition is that no objectionable conditions should occur in the business and emphasizes having a culture where there is room to speak out about conditions that break the ethical guidelines.
In accordance with the Working Environment Act, Servi Group has a good notification system which ensures that employees can anonymously and safely report any objectionable conditions. Any notification case handled by Servi Group takes care of the basic considerations of confidentiality, impartiality and contradiction. The notification routines apply to all our employees, both permanent employees and temporary employees. The same applies to hired workers and apprentices. The guidelines also provide clear information on the protection of whistleblowers.
Servi Group AS is a proud participant of the UN Global Compact, which is the United Nations organization for responsible business.
Through this commitment,
we commit ourselves to the UN Global Compact’s 10 principles for human rights, labor rights, environment, and anti-corruption.
Servi Group falls under the scope of the Norwegian Transparency Act. This means that Servi Group must conduct due diligence assessments and publish a statement once a year.
Servi Group expects its suppliers to support and respect regulations which protect internationally recognised human rights, such as the UN Universal Declaration of Human Rights and the ILO Declaration on Fundamental Principles and Rights at Work. All suppliers are required to sign Servi’s supplier declaration.
