In 2023, DNV delivered operating revenues of NOK 31,594 million – representing growth of 26.2% compared to 2022. Alongside significant organic growth, acquisitions in the strategic focus areas of cyber security, aquaculture, and energy contributed 2.8% of the growth in 2023. DNV has significantly strengthened its position as a trusted voice to help its customers manage the risks and opportunities that come with accelerated decarbonization and digitalization.
DNV Annual Report 2023
Our Annual Report 2023 reviews our key business achievements and our financial and sustainability performance.
While instability and uncertainty continued to weigh on global markets and geopolitical conditions in 2023, resilience and growth were key features of DNV and our people.
Remi Eriksen
Group President and CEO
DNV
Highlights
A year of growth
In 2023, DNV experienced significant financial growth and welcomed more than 2,000 new employees, many of them through strategic acquisitions. Spanning acquisitions within the fields of cyber security, energy, and aquaculture, these new investments contributed to DNV’s record-breaking growth in 2023 while also expanding our service offering, talent base, and digital capabilities.
Building one of Europe’s fastest-growing cyber security services businesses
In 2023, DNV took a major next step in our cyber security growth journey by acquiring Nixu, a market-leading cyber security services company serving Northern Europe. The EUR 98 million deal created one of Europe’s fastest-growing cyber security services businesses.
Enabling reliable emissions reporting for shipping
Emissions reporting is set to become one of the most impactful changes to the maritime industry. Under the EU Emissions Trading System, the responsible shipping company will be required to surrender EU Allowances based on a vessel’s annual level of emissions. To ensure these agreements can proceed on a trusted basis, DNV launched Emissions Connect, an emissions-data verification engine and data management platform designed to help the maritime industry accurately assess and work with emissions data.
Sustainability
How we create value
Our purpose is to safeguard life, property, and the environment and we aim to live up to this purpose by delivering our vision – to be a trusted voice to help our customers tackle global transformations.
These are the core tenets of our business. We activate our purpose and vision through our business strategy to 2025; a strategy that targets business growth supported by a dedicated focus on our customers, our people, and sustainability.
Environment and climate
Addressing the pressing issues of climate change and a swift energy transition is paramount to our customers and the core industries we serve. Our strategy to 2025 sets the ambition for DNV to become climate positive. This is an ambition backed up by specific near-term targets, including a 50% reduction in our carbon footprint between 2019 and 2025. Our long-term goal is to reach net zero well before 2050.
DNV’s cyber-security services are growing as we look to support our customers to protect their assets and operations. Our focus on cyber security is therefore as strong as our focus on the opportunities presented by digital technology.
Helping our customers and partners achieve their sustainability and safety goals and delivering services to support them in being at the forefront of the energy transition are the areas where we can have the biggest impact. And in doing so, we further our own commitments and deliver on our purpose.
DNV is a people business that relies on the skills and expertise of our employees. One of our strategic goals is to be THE place for our people to grow and make a difference. In practice, this means allowing our employees to develop their careers, build their skillsets, and share in DNV’s success. In addition to our values, WE CARE, WE DARE, WE SHARE, these are the fundamentals that underpin our behaviour and performance as an organization and define what is expected from our people.
