- DNV recorded massive revenue growth in 2022 as it reaps benefits from its partnership with VeChain.
- The company recorded a 16.6 percent growth year-on-year.
In 2018, a global provider of assurance services and one of the world’s leading certification bodies DNV, announced a partnership with blockchain company VeChain. The partnership aims to use its network to improve the transparency of products and supplier information, and also improve the efficiency of its supply chain. Sunny Lu, CEO of VeChain, commented on the partnership and assured to help customers improve their trust in their products.
Blockchain has many applications beyond the financial sector and I’m glad that DNV has recognized the revolutionary impact it can bring to supply chain management. Together, we combine assurance and blockchain to help customers improve trust in their products across multiple dimensions; from quality and safety to performance aspects.
Today, VeChain has provided support for DNV in various areas and is ready to help other billion-dollar companies.
According to its 2022 performance report, DNV recorded a year-on-year growth of 16.6 percent. This was mainly driven by organic growth from all business areas.
Today, we published @DNV_Group's 2022 Annual Report. It shows a record-strong performance for our company, despite the challenges of 2022. This is testament to the outstanding work of my expert colleagues across DNV.
Read the full report here ⬇️https://t.co/zBYD1pOgBK
— Remi Eriksen (@RemiEriksen) March 30, 2023
Acquisition in key areas contributed to 2.3 percent of their revenue growth. It can be recalled that the company launched a five-year strategy in 2021, and its 45 percent revenue growth target was achieved. Its number of employees also increased by 18 percent. Its carbon footprint was also reduced by 50 percent on its 2019 baseline.
DNV shaping the future with VeChain
Remi Eriksen, Group President and CEO of DNV has assured that the company is shaping its future.
We are shaping the future of assurance to provide trust and help our customers keep their operations safe, efficient, sustainable, and compliant during this period of uncertainty and beyond.
DNV welcomed six companies in 2022. The report discloses that the company retained its position as the world’s largest classification society by recording 18 percent of the total world fleet measured by gross tonnage. 23 percent of all ship newbuild orders in gross tonnes was secured in 2023. In addition to the numbers, it saw a record level of trust in the company. In its 2022 brand survey trust DNV, 82 percent of the respondents gave a thumbs up to its services. This was up from 78 percent in 2018.
Our customers are either affected by, or pushing the boundaries of, global transformations in energy, digitalization, healthcare, transport, and more. We work with them as a key partners every step of the way as they navigate rapid global change. To deliver on our purpose of safeguarding life, property, and the environment, we focus on four strategic pillars: our customers, sustainability, our people, and creating economic value.
VeChain exists as a pioneer in the blockchain industry and controls blockchain platforms for products and information. VeChain has introduced Blockchain Biosphere for Sustainability to empower companies to take action and reap the benefits in the development of thriving, interconnected ecosystems. This innovation also seeks to “create a virtuous cycle of the impact that benefits the platform, its users, and stakeholders.” While it admits that the road to sustainability is long, VeChain is ready to help companies to address some of these common environmental challenges while creating additional value for all.
