DNV sets up sustainability and innovation division

25 Aug 2010

Det Norske Veritas (DNV) in Norway has formed a new division called DNV Sustainability and Innovation. The new division has been set up to steer DNV towards green service growth and sustainability services.

The new division currently employs over 400 technical and operations specialists and experts working out of 17 countries around the globe. Chief operating officer for the new division Bjorn K. Haugland expects the division to expand significantly over the next few years in response to changing markets and customer needs.

“We aim to be innovative, business-oriented and build up new service platforms within the sustainability domain,” he explains. “We have high growth ambitions and expect to achieve 1.3bill NOK in revenues by 2014. To achieve this, we will expand our climate change, healthcare & biorisk services, and our risk management & corporate responsibility services. We will also leverage on the rising global demand for innovation by further developing DNV’s strategic research unit and the DNV Sustainability Centre in China.”

Recognising the need for collaborative business models, DNV works closely with industry groups, public authorities, universities, the EU Commission and sustainability organisations such as the World Business Council for Sustainable Development and the UN Global Compact.

Referring to a recent study, Haugland says seventy percent of firms with revenue of $1 billion or more say they plan to increase spending on climate change initiatives in the next two years. “Despite regulatory uncertainty companies are taking action because it makes business sense. A business’s long-term competitiveness will increasingly depend on how it embraces societal challenges.

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