Our unique position
Playing our part in the creation of clean and secure energy is integral to our existence and benefits our stakeholders, wider society and the planet.
Turning the notion of sustainability into an operational reality
Sustainability is central to the framing of our corporate purpose, our vision, and our values
A commitment to sustainability is designed into the way Venterra functions
The Board of Directors sets the overall direction, together with Group targets and timelines; delivery is delegated to a Sustainability & ESG Committee comprised of executive team members and ESG Champions from each member company; and performance is publicly reported via our annual Sustainability Report.
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Venterra Board of Directors
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Venterra Sustainability & ESG Committee
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Sustainability & ESG Committee representatives
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We make a determined effort to understand the issues that are of most interest to our stakeholders, as well as those issues that have the greatest impact on the long-term success of the business.
In 2022, we worked with our executive team and our Board of Directors to identify the issues that should form the basis of our sustainability programme. In doing so, we considered the risks and the likely negative impacts of poor ESG management compared to the opportunities and likely positive impact of robust ESG management. We also considered the material issues identified by analogous businesses, as well as drawing on the perspectives of our member companies and their front-line knowledge of customer and partner attitudes to ESG.
Based on this exercise, we identified five ESG focus areas, which are further broken down into 12 sustainability challenges.
| Our focus areas | Our sustainability challenges |
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In developing our sustainability programme, we also took account of the United Nations Sustainable Development Goals (SDGs), aligning activity with the goals that are most relevant to Venterra’s business.
Our sustainability strategy
We support. Venterra is working hard to align its strategy and operations with the 10 universal principles related to human rights, labor, environment and anti-corruption and is taking actions that advance societal goals and the implementation of the SDGs
Access to Clean Energy and Climate Action
To provide services to the offshore wind industry to achieve large scale capacity in the timeframe planned by policy makers and developers to achieve the Paris Agreement goals and a secure source of energy supply. In line with UN SDGs 7 and 13 we aim to help support the growth of wind energy to provide access to affordable and clean energy and in turn taking action to combat climate change.
Protect and Enhance the Environment
To help developers across the ‘Engineer, Build and Support’ stages of the windfarm lifecycle by providing low carbon alternatives through the supply chain to create clean energy in the most sustainable way, reducing developers’ GHG emissions and minimising environmental impacts. We predominantly work in the seas and oceans and aim to protect and enhance the marine environment in support of UN SDG 14.
The Skills Transition
To tackle the skills shortage that is the offshore wind sector’s greatest limiting factor, finding ways to attract and train new talent in an industry that must multiply at unprecedented speed. This goal is aligned with UN SDG 8 - promoting high value jobs and sustainable economic growth.
Corporate Responsibility
To operate in a socially responsible way, conduct our operations in accordance with robust ESG targets that reflect our mission and role in the new energy system. Venterra published its first annual ESG report in spring 2023 using 2022 as its baseline year. We have reviewed areas of materiality to Venterra’s business and started to collect data for the relevant KPIs. This data enables us to report in accordance with GRI, SASB and TCFD. Venterra’s leadership understands that sustainability must be present in all areas of the business on every organisational level across the Group. We aim to work with work with clients, suppliers and partners who share our values.
UN Global Compact
Venterra is working hard to align its strategy and operations with the 10 universal principles related to human rights, labor, environment and anti-corruption and is taking actions that advance societal goals and the implementation of the SDGs.