Integrated Wind Wind Solutions ASA was established with the ambition of contributing to the ramp-up of offshore wind power as a part of the transition to renewable energy sources. The Company aims to take a leading role in this transition by providing a suite of services ranging from operation of service vessels, engineering, construction and maintenance services as well as consultancy for different stages of windfarm construction and operations.
Integrated Wind Solutions ASA was established with the ambition of contributing to the ramp-up of offshore wind power as a part of the transition to renewable energy sources. The Company aims to take a leading role in this transition by providing a suite of services ranging from operation of service vessels, engineering, construction, and maintenance services as well as consultancy for different stages of windfarm construction and operations.
To a large degree the services are supplied through the Company’s subsidiaries IWS Fleet, IWS Services and the associated company PEAK Wind. This means that the largest opportunity for IWS to have a significant impact on environmental, social and governance issues is through the influence and the requirements provided to these companies.
As a step towards structuring and focusing the work on social responsibility across all companies in the group, IWS has implemented a common set of KPIs that is reported by each group company on a quarterly basis, starting from the first quarter of 2022. The KPIs include information on Social, Environmental, Quality, and Governance, and will allow comparison and aggregation to evaluate the status and progress of the Group in each area. The reporting from 2022 will be used for setting targets and benchmarking for the following years.
IWS’ main stakeholders are our employees, customers, suppliers, regulators, and investors. An assessment of the issues that are important to our stakeholders is guiding where we focus our efforts and are considered most material for the Company. These areas also outline where we believe IWS can make a meaningful contribution toward solving the global challenges summarised in UN’s Sustainable Development Goals (SDGs).
Based on the assessment, the primary material issues for IWS are still the environmental impact of our operations, in particular greenhouse gas emissions, and health and safety of personnel employed in the group companies and working on group vessels and sites.
These primary issues mentioned aligning with the UN SDG No. 7 – Affordable and clean energy, 13 – Climate action and 14 – Life below water.
In addition, we will strive to contribute toward SDG’s 8 – Decent work and economic growth.
Finally, IWS will focus on upholding high ethical standards and potential issues of human trafficking, modern slavery and human rights both within the Group and in our supply chain.
