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Sustainability is an integrated part of our strategy and operations. Our Vision, Mission and Values are the base of our sustainability strategy and targets and they define the framework for our process and product development and responsible business practices. It has a growing importance for our business in the future.

In order to meet and exceed our customers and other stakeholders’ expectations and requirements with our sustainable products and services, we have established a Sustainability Group. The main task for the Group is to define sustainability targets and actions plans as well as make sure our policies and procedures meet our stakeholders’ expectations.


VEO has a Sustainability Group, which is responsible for VEO’s sustainability issues and is accountable for VEO’s sustainability program. The Group also defines necessary processes, policies and statements as well as instructions.

Our sustainability work enhances our strategic competitiveness and as a result, we can support our customers to reach their sustainability goals. We also want to meet our other stakeholders requirements and expectations.


Our long-term sustainability objectives are in line with UN Sustainable Development Goals (2030). We support all 17 UN Sustainable Development Goals, and we have identified the goals that our own focus areas and objectives support.

VEO_Sustainability_EN 1
VEO Sustainability EN 2
VEO Sustainability EN 3

The focus areas contain defined strategic objectives and actions, which are measured, followed-up and reported to the top management on a regular basis.

Financial responsibility

Our mission is to create well-being for our customers, ourselves and other stakeholders. We want to achieve this in a sustainable and ethical way through our energy sector expertise and by executing our work with highest safety standards. A strong economic basis secures the continuity of our business and enables us to meet our social and environmental responsibilities.

We recognize our shareholders’ goal of return on their long-term investments. We create added value for our customers by delivering solutions that meet their expectations. Our objective is to provide our key suppliers with favourable conditions for long-term and mutually beneficial co-operation. We want to provide our employees with an enjoyable and safe working environment, competitive pay and opportunities for self-development. We fulfil our tax obligations in all of the countries in which we operate and condemn all forms of corruption or fraudulent practice.

Environmental responsibility

Our objective is to offer energy and material efficient solutions and processes. We are continuously working to reduce our greenhouse gas emissions in order to achieve carbon neutrality in the long term. We strive to minimise the amount of waste generated by our activities and to maximise waste recycling. In addition to waste management, the most significant environmental considerations related to our operations are energy consumption and the management and control of isolated incidents. We are committed to recognising and observing all environmental laws and regulations related to our operations. We monitor the environmental impact of our activities and implement actions aimed at reducing negative environmental effects.

Our environmental management system has been certified to ISO 14001.

Social responsibility

We strive to minimise any potential negative effects of our operations or products on health and safety. We promote the physical, mental and social welfare of our employees through preventive health care and measures aimed at maintaining workability. We also encourage healthy lifestyles among our employees. We value our personnel and invest to their competence and wellbeing so they can offer the latest solutions and services to our customers.

Our objective is to improve the safety culture and preventive and proactive occupational health and safety operations. We have a zero vision regarding work related accidents for our personnel as well as for our contractors.


Ethics & compliance

Code of Conduct

Our Code of Conduct, which is based on our values, is a set of ethical rules and norms that describes how we operate. These commonly agreed principles are a guide for our daily work and decision making. These principles apply to all our employees and co-operation partners.

Code of Conduct  Code of Conduct for suppliers


We want to do what is right – Our whistleblowing service

Our long-term success is built on making business in a fair and ethical way. This is described in our Code of Conduct. Whistleblowing provides an opportunity to report suspicions of misconduct. You have an important role in raising your concern if suspecting a serious misconduct, that should be prevented or corrected. You do not need proof of your suspicions, but all messages must be made in good faith.

The whistleblowing service can be used to alert us about serious risks affecting individuals, our company/organisation, the society or the environment.

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The processing may only refer to data about serious improprieties concerning

  • accounting, internal accounting controls, auditing matters, fight against bribery, banking- and financial crime, or
  • other serious improprieties concerning the company’s or the group’s vital interests or the life or health of individual persons, as for instance serious environmental crimes, major deficiencies that regard the security at the place of work and very serious forms of discrimination or harassments.

Employees are asked to contact their supervisor or manager for issues relating to dissatisfaction in the workplace or related matters, as these issues cannot be investigated in the scope of the whistleblowing.

A person who blows the whistle does not need to have firm evidence for expressing a suspicion. However, deliberate reporting of false or malicious information is forbidden. Abuse of the whistleblowing service is a serious disciplinary offence.

You can raise your concern externally to a public supervisory authority or other public authority or anonymously by using our Reporting channel, managed by a third-party, WhistleB.

Reporting channel, allowing anonymous messaging and dialogue:

The Reporting channel can be reached on any device, including smart phones. We recommend employees to access the channel from a devise not connected to our intranet.

For more information, please see:


How to send a message – check a short introduction film

“WhistleB ensures the anonymity of the whistleblower. The service is separate from the organisation´s IT environment. WhistleB does not track IP addresses or other data that could identify a person sending a message. Messages are encrypted and can only be decrypted by designated individuals. WhistleB cannot decrypt and read messages.”

– WhistleB