Introduction

How we build matters to us, and we are committed to operate safely, while developing human capital and protecting the environment.

Anders Gustafsson
CEO NRC Group

We are converting our sustainability credentials into a contract-winning competitive advantage.

Building a low-carbon future is at the core of our business. We are working on projects across the Nordics that have a real and positive impact, helping to decarbonise society. At the same time, we are converting our sustainability credentials into a contract-winning competitive advantage. An example of this is our UNB10 project, where NRC Group is building a new double track on the Vestfold line. Here, decisions made early in the project have had considerable impact in reducing total emissions. Identifying and modelling best-practice sustainability solutions across our business, together with our partners, are fundamental to our success.

How we build matters to us, and we are committed to operating safely, while developing human capital and protecting the environment. By setting targets and transparently disclosing our performance via our sustainability report, we aim to credibly demonstrate our progress on sustainability issues and build trust amongst our stakeholders. Our target to reduce our greenhouse gas emissions is minimum 30% by 2025.

Targeted action for a sustainable business model

To foster a successful business model, we actively manage areas where we have material impacts on people or the environment, while at the same time being mindful of risks and opportunities affecting our operations. Regarding environmental impacts, we are both focused on reducing our own greenhouse gas emissions and working to create infrastructure that enables others to do the same. This involves constant growth of our institutional maturity regarding these issues, as well as being open to new technological solutions. We are also cognisant of the climate risks facing our business and these are disclosed in this report, in line with the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD).

Our employees are our greatest asset and form a key part of our sustainability impact at NRC Group. They act both as a driver of positive impact for the company with education on sustainability issues through our sustainability certification programme, which currently has a completion rate of 95%. We are proud to see the efforts made by all our employees in this field in 2023. In line with our values caring, credible and entrepreneurial, we are building a strong safety culture and an attractive place to work. By emphasising both diversity and health & safety, we want to be able to create a safe, inclusive and innovative workplace where our employees can prosper.

On the topic of ethical business practices, if we are to continue to be seen as a credible operator in the market then it is paramount for us to have our own house in order. We updated our Code of Conduct in 2023 and are continuously working to uphold our target of zero breaches, which was achieved in 2023. Anticipating the evolving landscape, we look forward to sharing our new strategy during our Capital Market Update in May, setting the stage for our next period of activity leading towards 2028. This strategic roadmap will encapsulate our vision, priorities, and the path we chart to capitalise on emerging opportunities in building sustainable societies.

I want to take this opportunity to thank our dedicated team for their strong commitment to achieving our shared goals and for continued efforts to deliver safe operations in our projects.