Environmental and social strategies in a time of recovery and changing expectations

The COVID 19 pandemic has had significant impacts on the global energy industry in relation to the various prevention and lockdown measures to contain the disease, difficulties in supply and labour for construction, and dealing with lower energy demands and volatile electricity markets. The situation has been dynamic, with frequent starts and stops, delays and cancellations affecting profitability and increasing risks. This crisis has occurred on top of an even larger crisis: climate change. The paper examines how Statkraft, Europe’s largest renewable energy company, has adapted to changing demands and expectations during the pandemic and how new strategies have emerged as we recover and continue to address the issue of climate change.