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At Endúr, sustainability means creating value through responsible business practices that safeguard the environment and contribute to the good of society. Sustainability is embedded in our operations with rehabilitation and maintenance of infrastructure and marine vessels and ships as a core of our Marine Infrastructure segment and Maritime operations and enabling sustainable food production through our Aquaculture segment.

Social

Environmental

Ethics and compliance

Social

Endúr highly values its workforce, recognizing them as the key driver of value creation. Consequently, ensuring the safety and health of our employees is our foremost priority. Given the diverse nature of our divisions operations, our subsidiaries are responsible for implementing effective quality management systems to safeguard employee well-being and address the employees’ needs while simultaneously reflecting the broader values and policies of the group.

Safe

Safety is a cornerstone of Endúr’s core values, and we are committed to maintaining safety throughout all operations for our people, sub-contractors, and clients. The Group, along with our subsidiaries, continuously monitor and enhance our systems, skills, and learning processes to effectively manage and minimize safety-related risks in all our activities. Our ultimate objective is zero injuries, ensuring a safe environment for everyone involved.

Health and work environment

At Endúr, the health and well-being of our employees is paramount. Our subsidiaries are committed to fostering a healthy working environment that promotes both physical and mental well-being, as we believe this is essential for sustainable business practices over the long term. Our objective is to reduce sick leave rates to below industry averages, demonstrating our commitment to the health and productivity of our workforce.

Sickness absence rate 2022: 4,3 %

Inclusiveness and diversity

Diversity in our workforce enhances decision-making, innovation, and growth. We believe in equal opportunities for all, regardless of ethnicity, nationality, gender, age, religion, sexual orientation as well as cultural or social background. We continuously strive to recruit and develop individuals from various backgrounds and ensure adaptable working conditions for all. While operating in a male-dominated industry, we have made strides in promoting gender equality, in alignment with the Gender Equality Act, and are actively working to increase female representation across all levels of our organization.

Environmental

We believe that climate change will have an increasing impact on everything we do in Endúr, involving both risks and opportunities. Extreme weather and ocean pollution are only a few examples of how this directly relates to our operations and may alter the criteria for how we work and operate. We will continue to identify how climate risk will impact Endúr and how we impact our surroundings to ensure that our business model and strategy are compatible with the objectives of the Paris Agreement and achieving climate neutrality by 2050.
More specifically, our strategy entails the following for our divisions:

Marine infrastructure

As a leading supplier in rehabilitation of critical infrastructure, Endúr will be a facilitator for circular economy through rehabilitations and maintenance, emission reduction, use of renewable energy and secure responsibility in our supply chains.

Aquaculture

We aim to provide Aquaculture Solutions that enable a sustainable use of marine resources in meeting an increased demand for fish and fish proteins with a focus on production and distribution efficiency, environmental footprint, fish welfare, health and mortality and sustainable technologies

Maritime technologies

Through our range of maintenance and repair services for ships, marine vessels and related equipment we seek to continuously reduce our environmental impact using sustainable technologies, minimize hazardous waste and reduce energy and water consumption.

Ethics and compliance

Ethical business practice is a key factor in our operations and is considered a “license to operate” by Endúr and we are committed to our work on anticorruption, ant-bribery, fair competition and integrity in our supply chain. This has also been a part of a compliance project in 2023 to unify ethical business practice and principles across the Group’s subsidiaries.

Whistleblowing

In 2023 we implemented a formal whistleblowing directive across the Group to elevate the work against ethical breaches in our operations. Our whistleblowing channel is designed to ensure transparency and integrity within our operations and is managed by an external entity to maintain impartiality and confidentiality. It is readily accessible to all stakeholders, including employees, clients, and partners, providing them with a secure and anonymous avenue to report any concerns or suspicions of misconduct or breach of regulations. This system is an integral part of our commitment to uphold the highest standards of ethical conduct and compliance with laws, ensuring that all reported issues are investigated thoroughly and addressed appropriately. You can find the link to our whistleblowing channel here.

Norwegian Transparency Act

The Norwegian Transparency Act (Åpenhetsloven) came into force 1 July 2022, increasing the focus and transparency of human rights and decent working conditions throughout the supply chain of businesses.
Our work with the Norwegian Transparency Act is integrated into our corporate governance and operational procedures. We recognize the importance of this Act in promoting responsible business practices that prioritize human rights and environmental sustainability. Our compliance efforts are part of a broader strategy that aligns with our human resources policies and the overarching values of our operations. Our approach to working with the Act is grounded in the principle of continuous improvement. We are committed to regularly reviewing and enhancing our policies, procedures, and practices to better protect human rights and ensure decent working conditions.

Risk Assessment and Management

With operations and majority of our supply chain centered in the Nordics, we believe that our direct workforce is generally at a low risk of human rights violations, due to local labor laws and regulations, we nevertheless remain vigilant. We conduct regular and thorough risk assessments to identify and mitigate any potential indirect impacts within our supply chain. These assessments are an essential part of our due diligence processes, enabling us to pinpoint areas where the risk of human rights violations might be more significant, especially in geographies or sectors known for higher risks.

Transparency and Reporting

We have established transparent reporting mechanisms through our whistleblowing channel and our management systems throughout the group. We actively disclose our findings, the measures we have taken, and our ongoing initiatives to meet identified risks and challenges in our annual due diligence assessment.

2022 Annual due diligence assessment (in Norwegian)

Requests for information related to Endúr’s due diligence work should be sent to post@endurasa.no. Please use “Transparency Act” as the email’s subject line.