Magnora ASAMagnora ASA - ESG Rating & Company Profile powered by AI

Industry Group:Oil Related Services and Equipment

The page is a zero-cost Environmental, Social and Governance analysis for Magnora ASA. Jump to the bottom of the webpage for potential risks for Magnora ASA based on sector, geography and size. If you are employed by Magnora ASA and you wish to licence your Sustainability rating, please get in touch.

Magnora ASA in the Oil Related Services and Equipment industry gained a UN SDG ESG Transparency Score of 4.0; made up of an environmental score of 5.7, social score of 4.0 and governance score of 2.3.

SDG Transparency Score for Magnora ASA 
Low
0 - 3

4.0

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2023-07-01
What drives the score for Magnora ASA 
5.7

Environmental

4.0

Social

2.3

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Technip Energies NV
8.7
High
2John Wood Group PLC
8.3
High
192Total Energy Services Inc
4.1
High
192Oil Country Tubular Ltd
4.1
High
195Magnora ASA
4.0
High
195Archrock Partners LP
4.0
High
195Enservco Corp
4.0
High
.........
296Winalta Inc
0.0
Low
296Wah Seong Corporation Bhd
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Magnora ASA have an accelerator or VC vehicle to help deliver innovation?

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Does Magnora ASA disclose current and historical energy intensity?

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Does Magnora ASA report the average age of the workforce?

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Does Magnora ASA reference operational or capital allocation in relation to climate change?

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Does Magnora ASA disclose its ethnicity pay gap?

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Does Magnora ASA disclose cybersecurity risks?

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Does Magnora ASA offer flexible work?

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Does Magnora ASA have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Magnora ASA disclose the number of employees in R&D functions?

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Does Magnora ASA conduct supply chain audits?

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Does Magnora ASA disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Magnora ASA conduct 360 degree staff reviews?

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Does Magnora ASA disclose the individual responsible for D&I?

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Does Magnora ASA disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Magnora ASA disclose current and / or historical scope 2 emissions?

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Does Magnora ASA disclose water use targets?

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Does Magnora ASA have careers partnerships with academic institutions?

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Did Magnora ASA have a product recall in the last two years?

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Does Magnora ASA disclose incidents of discrimination?

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Does Magnora ASA allow for Work Councils/Collective Agreements to be formed?

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Has Magnora ASA issued a profit warning in the past 24 months?

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Does Magnora ASA disclose parental leave metrics?

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Does Magnora ASA disclose climate scenario or pathway analysis?

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Does Magnora ASA disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Magnora ASA disclose the pay ratio of women to men?

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Does Magnora ASA support suppliers with sustainability related research and development?

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Does Magnora ASA disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Magnora ASA reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Magnora ASA involved in embryonic stem cell research?

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Does Magnora ASA disclose GHG and Air Emissions intensity?

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Does Magnora ASA disclose its waste policy?

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Does Magnora ASA report according to TCFD requirements?

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Does Magnora ASA disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Magnora ASA disclose energy use targets?

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Does Magnora ASA disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Magnora ASA have a policy relating to cyber security?

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Potential Risks for Magnora ASA
These potential risks are based on the size, segment and geographies of the company.

Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar PV projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.

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