We focus on sustainability within all our fields of business.

Through board representation, Rasmussen participates in the companies’ work within environmental, social and business ethics-related issues (ESG).

Sustainability perspectives are also part of the decision-making basis when evaluating potential new investments.

We carry out our own ESG assessments while also relying on evaluations conducted by selected external parties. For instance, Rasmussengruppen has chosen not to invest in companies excluded from the investment universe of the Norwegian Government Pension Fund Global.

Rasmussengruppen ensures compliance with the Transparency Act, which entered into force on July 1, 2022.

Real Estate

Avantor – Environmentally responsible, then, now, and always

Avantor has prioritized environmental sustainability ever since the company began developing the Nydalen area in the early 1990s.

Environmental Factors

n Nydalen, Oslo, Avantor has built an environmentally-friendly energy plant that supplies district heating and cooling, based on heat pump technology and geothermal wells. The energy plant has been in operation since 2003 and was one of the largest of its kind in Northern Europe at the time.
In 2014, Avantor built another energy plant in Nydalen to meet the growing demand for sustainable energy. Once the area is fully developed, the energy plants built by Avantor are expected to reduce CO2 emissions by approximately 4,500 tons per year, equivalent to the emissions from about 3,300 fossil-fueled cars.

Vertikal Nydalen (address: Gullhaug Torg 2A) is a new commercial and residential project featuring innovative environmental solutions, completed in 2024. The project was developed in collaboration with Snøhetta and Skanska and is part of FutureBuilt, an innovation program and showcase for the most ambitious players in the construction industry. FutureBuilt projects aim to exceed the UN’s Sustainable Development Goals and the Paris Agreement targets, cutting greenhouse gas emissions by at least 50% compared to standard practices.
Vertikal Nydalen is Norway’s first mixed-use building with natural ventilation and has been a pilot in the LowEx research project funded by the Research Council of Norway, testing innovative solutions for ventilation, heating, and cooling. The building is certified under BREEAM NOR, achieving the BREEAM NOR Excellent rating for its office component.
The office space is built according to a “Triple-zero” concept – requiring no purchased energy for heating, cooling, or ventilation – achieved through the use of solar panels and low-temperature heat pump systems with geothermal wells.

More information:
vertikalnydalen.no


In Slemmestad, Asker, environmental and sustainability principles are central to Avantor’s plans to redevelop a former industrial site into residential and commercial areas. A comprehensive environmental strategy has been prepared for the project, which includes approximately 100,000 square meters of residential and 55,000 square meters of commercial space.

More information:
slemmestadbrygge.no

Environmental focus is an ongoing initiative with ever-higher ambitions and forms a central part of Avantor’s property development. Avantor was the first private real estate company in Norway to be certified under ISO 14001 and is an active member of the Green Building Alliance.

 

 

In 2023, Avantor developed a new environmental strategy for 2024–2026, which also encompasses social and governance issues, collectively forming the company’s ESG strategy. Based on the UN Sustainable Development Goals and the EU Corporate Sustainability Reporting Directive (CSRD), the strategy focuses on seven specific goals where Avantor can have the greatest impact.

For each sustainability goal, Avantor has established a specific target to be achieved by the end of 2026 and a longer-term ambition. The company will conduct annual reviews to monitor developments and adjust accordingly, ensuring that it remains up-to-date and aligned with both its own goals and those of the UN.

More information:
avantor.no/baerekraft

 

 

Social Responsibility

Avantor offers equal opportunities to all employees, regardless of background, and has zero tolerance for discrimination. Employees at Avantor and its suppliers represent many nationalities. Avantor is certified as an Inclusive Workplace Company (IA company). Wage differences within the company are based on responsibility, competence, diligence, and performance.

Business Ethics

Avantor’s operations have a visible impact on society, making trust from customers, suppliers, public authorities, and the community at large essential.

The company has adopted and implemented ethical guidelines to safeguard this trust. These are approved annually by the board and apply to all employees and board members of Avantor.

Offshore

Shearwater

Shearwater contributes to reducing greenhouse gas emissions – both their own and those of their partners – through a modern fleet, efficient operations, and advanced technologies. Additionally, Shearwater’s technology plays a key role in developing carbon capture solutions.

Environmental Factors

The Shearwater Group owns and operates modern seismic vessels used for mapping potential natural resources such as oil and gas. The company places strong emphasis on ESG, including alignment with nine of the UN’s Sustainable Development Goals.

 

 

As the owner of the world’s largest and most advanced seismic fleet, Shearwater recognizes its environmental responsibility and works continuously to minimize negative impacts. Its ambitions go beyond compliance with industry regulations.

Shearwater has committed to using only Marine Gas Oil (MGO) instead of the cheaper, more polluting Heavy Fuel Oil (HFO). Modern vessels are more fuel-efficient and thus more environmentally friendly. The size of the fleet allows for optimal job allocation, reducing transit time between assignments and thereby emissions.

Shearwater is a technology leader in seismic exploration. Several of its innovations, such as Monowing – a proprietary technology that reduces water resistance – help cut fuel consumption and emissions. Seismic technology is also increasingly used for carbon storage site mapping and monitoring.

Shearwater has set a clear goal of reducing CO2 emissions per active vessel-month by 35% by 2030 compared to 2019.

 

Social Factors

Shearwater offers equal opportunities to all employees regardless of background and has a zero-tolerance policy for discrimination. Diversity is seen as a strength that drives innovation and better business decisions. The workforce at Shearwater represents around 70 nationalities.

Shearwater supports the UN Universal Declaration of Human Rights, UN Global Compact, and International Labour Organization standards. It ensures compliance with the UK Modern Slavery Act 2015 and Norway’s Transparency Act, and incorporates them into supplier agreements.

Business Ethics

Ethical business practices are critical to Shearwater’s commercial success and long-term value creation. The company has implemented policies and procedures to ensure transparency, accountability, and ethical conduct.

A Code of Conduct has been adopted to guide behavior and business practices. It applies to board members, management, employees, contractors, consultants, and agents.

Investments

Financial investments

Rasmussengruppen invests in a variety of companies, from early-stage ventures to well-established firms, where it is not the majority owner. These companies manage their ESG efforts independently within their respective industries.

Several companies in Rasmussengruppen’s investment portfolio are working on innovative solutions that support multiple UN Sustainable Development Goals. One example is Nordic Aquafarms, which develops land-based fish farming close to consumers in Europe and is exploring the same in the US. Land-based fish farming has a lower environmental impact on marine ecosystems and reduces CO2 emissions due to decreased air freight needs.

Corporate Social Responsibility

Financial Contributions

Rasmussengruppen primarily contributes to society through private risk capital for the establishment and growth of new and existing businesses.
In addition, we provide direct financial support to organizations and projects aligned with several UN Sustainable Development Goals.

We make annual donations to organizations and sports clubs working to include children and youth with limited financial resources in sports and leisure activities.

We also provide ongoing and one-off financial support to organizations that help people in need, both in Norway and abroad.

Examples of Rasmussengruppen’s contributions to civil society include:

Financial support for a number of years to Médecins Sans Frontières (Doctors Without Borders).

NOK 10 million to the COVAX initiative to ensure COVID-19 vaccine access in low-income countries

NOK 7.5 million for the establishment of a neuroscience laboratory and research environment at the University of Agder (UiA)

NOK 10 million to various humanitarian organizations aiding the situation in Ukraine

NOK 10 million for acoustic modeling at Kilden Performing Arts Centre

A significant financial contribution to the construction of Sør Arena in Kristiansand