The aim of Hydro’s sustainability reporting is to ensure accountability and transparency on our opportunities and challenges related to sustainable development.

In 2023, we have changed and restructured our sustainability disclosures based on the EU Corporate Sustainability Reporting Directive (CSRD) and the applicable European Sustainability Reporting Standards (ESRS).

The reporting is also based on other relevant frameworks and standards, such as GRI Standards for Sustainability reporting including a materiality assessment, UN Global Compact, International Council of Mining and Metals 10 principles, and UN Guiding Principles on Business and Human Rights. We have an integrated approach to our reporting, and you can read more about our reporting approach and what we are basing it on in Hydro’s annual reports.

Our reporting approach

We have based our environmental, social and governance reporting on The Hydro Way since 2004. Together with risk analysis and extensive stakeholder dialogue, we have defined the main elements of our reporting:

• Climate change
• Pollution 
• Water Resources
• Biodiversity and ecosystems
• Resource use and circular economy
• EU taxonomy
• Legacy impact
• Human rights
• Own workforce
• Workers in the value chain
• Affected communities
• Consumers and end users
• Business conduct