Embedding sustainability firmly into our strategyThe Annual Sustainability Report offers an overview of ambitions, policies and performance on a wide range of sustainability related themes, including UN Sustainable Development Goals and the Paris agreement. In 2016 Statoil's total payment to governments was 6.5 billion USD. Statoil's total purchases of goods and services was 18 billion USD. Statoil reduced its total CO2 emissions with 600 000 tonnes from 2015 to 2016. The report also shows the robustness of Statoil's portfolio in a low carbon world, illustrated by a resilience test of Statoil's value in a low carbon scenario (using the International Energy Agency 450 scenario). On March 9 Statoil launched a climate roadmap. The roadmap details targets for CO2 emission reductions and improved carbon intensity performance, energy efficiency as well as growth in renewables and low carbon solutions. This will further strengthen Statoil's industry leadership in climate performance. "'High value, low carbon' is at the core of our sharpened strategy. We believe the winners in the energy transition will be the producers which can deliver at low cost and with low carbon emissions," writes Sætre. "We believe a low carbon footprint will make us more competitive in the future. We also believe there are attractive business opportunities in the transition to a low carbon economy. Statoil intends to be part of this transformation in order to fulfill our purpose of turning natural resources into energy for people and progress for society. Our climate roadmap explains how we plan to achieve this and how we will develop our business, supporting the ambitions of the Paris climate agreement," writes president and CEO Sætre. Statoil's annual report on Form 20-F will be filed today with the U.S. Securities and Exchange Commission or SEC. A PDF copy of the annual report, which includes the annual report on Form 20-F, may be downloaded from Statoil's website, www.statoil.com, where shareholders may also request a hard copy of the annual report free of charge. Cautionary Note regarding Forward Looking Statements This press release contains forward-looking statements, particularly regarding Statoil's cost, cost improvement and safety, security and sustainability outlook and ambition. Forward-looking statements reflect current views with respect to future events and are, by their nature, subject to significant risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by the forward-looking statements. Additional information, including information on factors which may affect Statoil's business, is contained in Statoil's annual report and annual report on Form 20-F filed with the SEC.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.2016 Annual Report and Form 20F 2016 Sustainability report
ContactsInvestor relationsPeter Hutton, senior vice president+44 7881 918 792 (mobile)PressBård Glad Pedersen, vice president Media relations+47 918 01 791 (mobile)