Integration in strategy and management

HTS Dynamics materiality analysis of topics reveals potential negative impacts in our value chain for all the topics. This is also indicated in GRI 11 Oil and Gas Sector 2021. Due diligence in accordance with the Transparency Act passed by the Norwegian Parliament shows that material purchases constitutes the greatest risk, since our main purchased product is metal. All these risks are potential and are already, or will be integrated in purchase processes, Code of Conduct, T&Cs, vendor evaluations and other strategic documents as we discover new aspects during due diligence processes.

Complexity of our value chain does not settle us to define any topic as non-material, however we will prioritize our efforts where we find opportunity to make a difference

HTS Dynamics has based on the impact and severity on our analysis of internal operations found that our actual adverse impact is emission of greenhouse gases. We have chosen UN Sustainability Goal 13: Take urgent action to combat climate change and its impacts, as the primary material topic. Keeping in mind to contribute positively, and not contribute negatively to any of the other sustainability goals in the process.

HTS Dynamics AS has continued the work with goal 13 by establishing carbon accounting based on the framework specified in GHG-protocol. Based on the climate report, HTS Dynamics has established a climate strategy with carbon budget and action plan. In this work the company have had expert help from Footprint Consulting AS.