Company profile

Det Norske Veritas (DNV) is a global provider of services for managing risk. An independent foundation with the objective of safeguarding life, property and the environment, DNV comprises 300 offices in 100 countries, with more than 10,000 employees.

Serving global industries through a global network

DNV's unique risk management approach to services provides us with the possibility to offer innovative services that meet customers' needs across industries and countries. DNV is recognised as a trusted partner for improved quality, safety and efficient operations in high risk global industries. The foundation was established in Norway in 1864, and has its headquarters outside Oslo.

Purpose Values Vision

Purpose

To Safeguard Life, Property, and the Environment.

Values

  • We build trust and confidence
  • We never compromise on quality or integrity
  • We care for our customers and each other
  • We are committed to teamwork and innovation

Vision

Global impact for a safe and sustainable future.

Henrik O. Madsen, President and Chief Executive Officer

Safeguarding life, property and the environment

DNV (Det Norske Veritas) is an independent foundation with the purpose of safeguarding life, property, and the environment. Our history goes back to 1864, when the foundation was established in Norway to inspect and evaluate the technical condition of Norwegian merchant vessels.

Since then, our core competence has been to identify, assess, and advise on how to manage risk. Whether we classify a ship, certify an automotive company’s management system, or advise on how to best maintain an aging oil platform, our focus is to safely and responsibly improve business performance.

Managing risk

The point of managing risk is not necessarily to eliminate risk, but to have an overview of the most critical risks and manage them professionally. DNV’s independence blended with technology and business understanding used to assess, evaluate and manage the risks involved in numerous high-profile projects around the world.

An international partner

While headquartered in Oslo, Norway, DNV has worked internationally since 1867 and has established approximately 300 offices in 100 countries. As a knowledge-based company, our prime assets are the creativity, knowledge, and expertise of more than 10,000 employees from more than 85 different nations.

We have divided our activities into three operating companies:

  • DNV Maritime and Oil & Gas provides classification, verification, risk management and technical advisory services to the global maritime and oil and gas industries
  • DNV KEMA Energy & Sustainability provides consulting, testing and certification services to the global energy sector including renewable energy, carbon reduction and energy efficiency, power generation, transmission & distribution
  • DNV Business Assurance provides certification, assessment and training services to assure the performance of customers’ products, processes and organisations across a wide variety of industries globally.

One of the most important competitive advantages of DNV is our investment in research and innovation. Since 1954 DNV has had a dedicated research department that has enhanced and developed services, rules and industry standards in multiple fields. Many of the technology solutions developed by DNV have helped define internationally recognized standards.

Wherever we are, and whatever we do – more than 10,000 DNV colleagues take pride in working for a knowledge based organisation with a broad range, a depth of competence, and with the purpose of safeguarding life, property and the environment.

Key figures

DNV has about10,000 employees in 300 offices in 100 countries.

Financial facts about DNV at the end of 2010. Our annual report for 2010 is available online with more details. See link in right column:

All numbers are in million of NOK - Norwegian Kroner. 1 Euro = about 8 NOK.

Profit and loss account 2010
Operating Revenues 9,792
Operating Profit 810
Equity ratio (%) 70.6%

The CEO of the DNV Group is appointed by the Board of Directors. The Group CEO is responsible for the strategic direction of the DNV Group through the Executive Committee, while the three company CEOs are responsible for the operational leadership of their respective organisation. Each of the three operating companies, DNV Maritime and Oil & Gas, DNV KEMA Energy & Sustainability and DNV Business Assurance have their own dedicated leadership teams.

The Executive Committee of the group is:

  • Chief Executive Officer (CEO) of DNV Group, Henrik O. Madsen
  • CEO of DNV Maritime and Oil & Gas, Remi Eriksen
  • CEO of DNV KEMA, Thijs Aarten
  • CEO of DNV Business Assurance, Luca Crisciotti
  • Chief Financial Officer, Thomas Vogth-Eriksen
  • Chief HR Officer, Cecilie B. Heuch
  • Chief Technology and Sustainability Officer, Bjørn K. Haugland
  • President of DNV Maritime and Oil & Gas, Tor E. Svensen.

Independent business units

DNV’s two independent business units (IBU) have been given some freedom in order to accommodate their respective markets. They are part of DNV Maritime and Oil & Gas.

DNV Petroleum Services (DNVPS)
DNV Petroleum Services (DNVPS) is the foremost name in marine fuel management, commanding over 70 percent worldwide market share for contracted Fuel Quality Testing services. They are also a major provider of Bunker Quantity Surveys.

DNVPS operates a global network of customer service offices and five specialist fuel laboratories strategically located in Singapore, Rotterdam, Oslo, Houston and Fujairah. DNVPS has both the competence and infrastructure to assist ship operators with total fuel management solutions, delivering measurable improvements to risk management, cost and operational efficiency, and compliance with regulatory requirements.

DNV Software
DNV Software develops software systems for design, strength assessment, risk analysis, asset life cycle management and knowledge based engineering. The software systems are Brix, a framework for safeguarding customers engineering knowledge, Nauticus, for the maritime industry, Sesam, for the offshore industry, and Safeti, for the process industry.