VEO’s role in driving the Green Transition

Sustainability is integrated into VEO’s mission, vision, values, and strategy. As an energy expert, we also have a pivotal role in accelerating the Green Transition. More than half of our revenue comes from renewable energy solutions and most of our projects support the Green Transition.

“Our vision is to become one of the leading integrators of sustainable energy solutions, thereby supporting the Green Transition and contributing to a climate-neutral future for the energy industry. Also, our values reflect our goals to create safe and sustainable energy solutions and make the world a better place to live in ”, says Kim Råholm, Development and HSEQ Director of VEO.

All VEO’s long- and mid-term sustainability objectives are based on risk- and relevance analysis and our stakeholder requirements.

“Our challenging and ambitious long-term environmental objective is to achieve carbon-neutral operations by 2030. We want to support the Green Transition with new innovative solutions, and we are also focused on waste management to minimize the negative environmental impacts of our own operations”, Råholm states.

“At VEO, we firmly believe that investing in the Green Transition not only addresses pressing environmental concerns but also offers economic, health, and social benefits for the environment, society, and our company”, Råholm continues.

Technology – the key to accelerating the Green Transition in the energy sector

Råholm sees technology as a key enabler of the Green Transition in the energy sector. It drives innovation, increases efficiency, and supports the integration of clean and sustainable energy sources into energy systems:

• Renewable energy sources like solar, wind, and hydropower are efficient and cost-effective solutions. When energy storage technologies are included the solutions become even more sustainable.
• Smart grids enable efficient distribution of energy and reduce the transmission losses. IoT on the other hand enables control systems to optimize energy production and use.
• Circular economy and product life-cycle management will reduce the amount of waste and increase recycling.

Accelerating the Green Transition is only one of VEO’s key sustainability objectives.
Read more about our sustainability objects related to social and governance aspects.

At VEO, we firmly believe that investing in the Green Transition not only addresses pressing environmental concerns but also offers economic, health, and social benefits for the environment, society, and our company.