Ethical business conduct

Guiding principles for all we do

02 Sustainability Ethical Business Conduct

Our commitments

Sustainability is embedded in our culture. Our values - collaborative, dynamic, responsible and long-term perspecive - are at the core of how we operate and navigate in our daily operation.

The overall target is to integrate ESG in our daily operating model, both for Arendals Fossekompani and our portfolio companies. The work we do on compliance and improvement of policies and guidelines, is according to the OECD Guidelines for Multinational Enterprises. The OECD Guidelines are also supported by the investment strategy in M&A processes and Arendals Fossekompani’s Green Bond Framework.

Key results 2021

0

reported incidents of discrimination

87%

employees signed code of conduct

30 %

of portfolio companies distributed Supplier CoC to their suppliers.

Governance Framework

The OECD Guidelines for Multinational Enterprises are recommendations from governments to multinational enterprises on responsible business conduct. The OECD Guidelines set standards for responsible business conduct across a range of issues, such as human rights, labor rights and the environment.

The Norwegian Corporate Governance Board ("NCGB" or "NUES") issues the recommendation on corporate governance for companies listed in Norway.

Ambitions and goals for 2022

1

OECD Guidelines for Mulitnational Enterprices and NUES

OECD Guidelines for Mulitnational Enterprices and NUES

2

100 % of employees will recieve training in Code of Conduct and whistleblower policy

100 % of employees will recieve training in Code of Conduct and whistleblower policy

3

100% of portfolio companies has distributed supplier CoC to their suppliers

100% of portfolio companies has distributed supplier CoC to their suppliers