Mime Petroleum is fully committed to a fair and sustainable future. Mime’s policy states our commitments within the areas of environment, social and governance.

ENVIRONMENTAL

Norway is a leader in low emissions production. The NCS average carbon intensity  (~8 kg CO2e/boe)[1] is half of world average[2].

Mime is committed to the emissions targets from production on the NCS announced by NOROG:

• 40% reduction by 2030
• 70% reduction by 2040
• Net zero by 2050

The company has put in place actions to reach these targets, such as:

• The refurbishment of Jotun FPSO include preparation to import power from shore or offshore wind
• Reducing environmental footprint on Balder Future by re-using existing infrastructure
• Implement and promote new, low-carbon technologies in operations and business activities

SOCIAL

• Safety for employees, contractors and other stakeholders is the top priority for Mime
• Mission to build a long-term and sustainable business through a risk-based management approach in all planning, execution and monitoring activities
• Strong stakeholder focus in our decision making, with balance towards shareholders, employees and the Norwegian society
• Core of Mime’s strategy is to maximise resource recovery and value creation from our fields in line with Norwegian Authorities’ expectations

GOVERNANCE

• Determined to adhere to high standards of governance, business conduct and corporate social responsibility
• Ensuring full compliance with all statutory laws and regulations as well as best industry practice in all our activities
• Diversified board of directors with employee and independent representation
• Utmost focus on anti-corruption, anti-bribery, and transparent reporting

[1] Source: NOROG Environmental Report 2019

[2] Source: IOGP Environmental Performance Indicators report (October 2018)