Equinor ASA

About Equinor

Formerly known as Statoil, Equinor ASA is a Norwegian energy company developing oil, gas, wind and solar energy in more than 30 countries. 

Engagement with the EITI

Equinor has been on the MSG in Norway since the country became an EITI country. 

Equinor is very active in the Norwegian MGS. The company has also been active in Indonesia in the past.

Equinor is active at Board level through Erik I. Nürnberg, who also is a member of the Governance and Oversight Committee. Equinor is also active in the working group “Transparency in Commodity Trading”.
 
Equinor has hosted EITI arrangements on a number of occasions, e.g. in Oslo and in London. The company also supports the International Secretariat on an ad-hoc basis in connection with meetings and visits.
 

Financial contribution to the EITI

Equinor contributed USD 60,000 in 2019. Equinor has also contributed with USD 25,000 towards EITI's 2019 Global Conference. 

Contact

Erik I. Nürnberg

Siri Farstad

Other information

Equinor is committed to transparency and has supported the EITI since inception.

Equinor has disclosed payments to governments for well over a decade; on a voluntary basis from 2004, and under Norwegian rule, on a project-by-project basis, since 2014.

Link to 2017 report:

https://www.equinor.com/content/dam/statoil/documents/sustainability-reports/Transparency/statoil-payment-to-governments-report-2017.pdf

Being open is one of Equinor’s core values and this embodies our approach to business. The Equinor Group is committed to being a responsible corporate citizen worldwide, based on professionally executed tax compliance and tax planning, aligned with valid business purposes. Equinor’s global tax strategy is published here: https://www.equinor.com/content/dam/statoil/documents/sustainability-reports/equinor-group-tax-strategy-document-050618.pdf 

Stakeholder Statement: 

Equinor's Statement of Support:

"We have supported the Extractive Industries Transparency Initiative (EITI) since its inception, and we respect and promote the EITI principles. The EITI is a coalition of governments, companies, civil society groups, investors and international organisations working together to promote globally developed standards for revenue transparency. The EITI standard implies that companies report what they pay to governments, and governments disclose receipts of payments. Tax and other relevant payments are reconciled in an EITI country report by an independent third party."