About us – Sustainability
Sustainability
Eureka’s commitment to sustainability is integral in our mission as a key supplier in the energy transition. We will continue to develop our company through further growth in sustainable markets. We will focus on sustainable practices in our operations and enhanced transparency in our reporting.
Eureka`s ESG Policy
Eureka’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 company. We believe that a focus on environmental, social and governance factors and issues is critical to our long-term success as a company.
We are convinced that in this respect, the interests of Eureka’s owners, align with those of our management, employees, customers, and the communities in which we operate. On this basis Eureka has adopted this ESG policy as an integral part of our operations.
Overall principles
Eureka seeks to ensure that we operate in an environmentally sound manner, as well as ethically, responsibly, and profitably in everything we do. Eureka aims to be transparent regarding all issues covered by these principles.
Environmental
Eureka 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, Eureka is a company that is part of the solution to the climate challenge.
Climate Compensation
Eureka is determined that we will climate compensate 100% of our 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, Eureka 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 Eureka’s scope 1 and scope 2 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.
Social
Eureka 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.
Eureka follows a strict set of ethical guidelines consisting of Anti-corruption procedures with mandatory training, Whistleblowing procedure, and Diversity and Inclusion (D&I) Policy
- EPS-MGM-0008 Values and Ethics
Governance
Eureka 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. Eureka seeks to contribute to high ethical standards being maintained by all our employees and operating entities.
Eureka has ESG practices in place which are reviewed and updated regularly and reported quarterly. Eureka 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.
Eureka is ISO 9001 and ISO 14001 certified.
Suppliers
As part of our ESG focus, we expect our suppliers to also address ESG issues in an appropriate manner. Our requirements are laid out in Eureka Business Principles for Suppliers and in the Supplier Declaration – Eureka.
Eureka Transparency Act
Eureka seeks to ensure that we operate in an environmentally sound manner, as well as ethically, responsibly, and profitably in everything we do. Eureka 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 Eureka 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 2022. The account will also be updated and republished in the case of significant changes to the enterprise risk assessments.
Eureka Group Transparency Act – Due diligence assessment 2022