- Author: Per Busk Christiansen
- Keywords: Group
Contraction and investments for the future
In terms of financial performance, 2016 was a challenging year for DNV GL because of the continued downturn in the maritime and upstream oil and gas markets. Despite this, DNV GL retained a strong position in these core markets while growing in the assurance, software and energy businesses. Through downsizing and efficiency programmes, the company has managed to reduce costs, and maintained investments in research and innovation of 5% of revenues.
DNV GL achieved revenues of NOK 20,834 million and earnings before interest and tax of NOK 154 million.
The annual report reviews developments in the most important markets in 2016 and presents key results, risks, solutions and strategy.
Integrated sustainability reporting
DNV GL reports according to the GRI Standards and the reporting is assured by a third party. DNV GL has been a signatory to the United Nations Global Compact since 2003, and is certified according to the ISO 9001, ISO 14001 and OHSAS 18001 standards. DNV GL’s commitment to customers and society is driven by its purpose of safeguarding life, property and the environment. New in this year’s report is an emphasis on how DNV GL contributes to the UN Sustainable Development Goals through customer solutions, in its own operations and in partnership activities.
Digitalization and decarbonization
Digitalization, efficiency and decarbonization are defining themes of the business environment for DNV GL’s customers and its own organization and this is widely covered in this year’s report.
Digital report for easy access and sharing
A dedicated website has been developed for the 2016 annual report with a thorough review of the year, including highlights, cases, illustrations and videos. It also includes a download centre, and an invitation to engage with DNV GL on the report content.
View the DNV GL Annual Report 2016 online by visiting the new micro site. Also, you can go directly to the download centre to download the PDF version.