Moreld’s commitment to sustainability is integral in our mission as a key ambassador of the energy transition. We will continue to develop through further investment and expansion in sustainable markets, focus on sustainable practices in our operations, and heightened transparency in our reporting.
Moreld`s ESG Policy
Moreld’s objective is to create value by supporting our customers in the transition towards a sustainable future and on this basis further develop a profitable industrial group. We believe that a strong focus on environmental, social and governance factors and issues is critical to our long-term success as an industrial group.
We are convinced that in this respect, the interests of Moreld’s owners, align with those of our management, employees, customers, and the communities in which we operate. On this basis Moreld has adopted this ESG policy as an integral part of our operations.
The Moreld industrial group seeks to ensure that we operate in an environmentally sound manner, as well as ethically, responsibly, and profitably in everything we do. In the assessment and selection of new and existing business lines, Moreld integrates consideration of environmental, social, and ethical issues, including climate issues. Moreld aims to be transparent regarding all issues covered by these principles.
Moreld’s operating entities strives to operate in an environmentally responsible manner and aim to follow best industry practice. By ensuring our own environmentally sustainable operations and by providing services and products that allow our customers to be sustainable, Moreld is an industrial group that is part of the solution to the climate challenge.
Moreld group is determined that it will be climate compensating 100% of its Scope 1 and Scope 2 emissions from own operations through a carbon capture initiative by Trefadder.
This is a significant move which not only highlights our commitment to reducing our carbon footprint, but also demonstrates our willingness to take responsibility for our own emissions. By putting a price on these emissions, Moreld is incentivizing itself to focus on lowering its carbon footprint and making tangible efforts towards sustainability.
The carbon capture initiative by Trefadder involves planting trees that will fully capture Moreld’s emissions. Trees absorb carbon dioxide (CO2) during photosynthesis, effectively removing it from the atmosphere. By planting trees, we as a company will be supporting reforestation efforts and contributing to the fight against climate change.
Moreld seeks to offer equal opportunities to all employees, respect fundamental human rights, labor rights and union engagement, and provide our employees with good, healthy, and safe working conditions. Furthermore, Moreld seeks to ensure that our operating entities contribute positively to the communities in which they operate by developing businesses, encouraging innovation, and enhancing international competitiveness.
Each company follows a strict set of ethical guidelines consisting of Anti-corruption procedures with mandatory training, the established Whisteblowing procedures and Diversity and Inclusion (D&I) Policy.
Moreld strives to professionalize the governance models of our industrial group through our board work and aims to follow Invest Europe’s Corporate Governance Guidelines. Moreld seeks to ensure that we comply with all applicable laws, rules, and regulations in the markets in which we operate, including environmental, labor, anti-corruption and anti-money laundering laws, rules, and regulations. Moreld seeks to contribute to high ethical standards being maintained by all our employees and operating entities.
Moreld has ESG practices in place which are reviewed and updated regularly and reported quarterly. Each Moreld company tracks and reports the amount of waste it produces, how much is recycled, and the amount of greenhouse gas emissions they produce, broken down into scope 1, 2 and 3 categories, as defined by the Greenhouse Gas Protocol.
The Moreld companies are ISO 9001 certified, and the majority hold further HSE-related certifications such as ISO 14001, ISO 45001/OHSAS 18001.
Suppliers and partners
As part of our ESG focus, we expect our suppliers and other business relations to also address ESG issues in an appropriate manner.
Moreld Group Transparency Act
Moreld group seeks to ensure that we operate in an environmentally sound manner, as well as ethically, responsibly, and profitably in everything we do. Moreld aims to be transparent regarding all issues covered by these principles. Our governance system is based on the principles from the OECD guidelines for multinational enterprises and other relevant international guidelines.
From 2023 Moreld Group will publish an annual account of our due diligence assessment to comply with the Norwegian Transparency act that entered into force on 1 July 2023. The account will also be updated and republished in the case of significant changes to the enterprise risk assessments.