Verification and certification giant Det Norske Veritas (DNV) has established a sustainability and innovation division, which it expects to generate NOK1.2 billion ($210 million) in revenues by 2014.
The division – comprising some 400 “technical and operations specialists” globally – will incorporate DNV’s current climate change, healthcare and biorisk services, and risk management and corporate responsibility services, the company said.
The number is expected to expand significantly over the next few years, according to Bjorn Haugland, the division’s chief operating officer, referring to expectations that corporate spending on climate change-related issues is set to grow.
“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,” he said.
DNV did not disclose comparable revenues figures for the units making up the new division.
“Our decision to establish the new division shows our strong commitment in the area of sustainability,” said Henrik Madsen, chief executive officer of the Norway-based company.
“DNV has a proven ability to provide independent support to organisations operating in risk sensitive and specialised environments such as maritime, oil and gas. With the new division, we aim to extend our ability by further developing our climate change and sustainability services for industries and sectors where DNV is not yet seen as a global player.”
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