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Business ethics and compliance

Statkraft has a fundamental commitment to business integrity and holds high ethical standards. At Statkraft, we believe that Business Ethics is good for society and good for business.

We believe that high ethical standards are good both for society and for business and are committed to high ethical standards in our business culture and in all our business activities. This commitment is integrated into our Code of Conduct, Supplier Code of Conduct, strategy, and business processes.

We have a zero-tolerance for corruption. We do not offer, give, accept, request, or receive bribes or other improper advantages. We also work to ensure fair competition, avoid unethical business partners, protect personal data, and prevent all forms of fraud.

We expect all of those who work with and for us to live up to our high ethical standards, and encourage the reporting of concerns from both internal and external parties.

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"Adherence to Statkraft’s values and the rules established by society and Statkraft on business ethics, anti-corruption and other economic crime is key to succeed as a sustainable business."
Christian Rynning-Tønnesen

Key Facts

In 2019, we met our goal of zero serious compliance incidents. We are proud to have achieved it, but we do not consider this a completed task. We are constantly striving to ensure a strong ethical culture and to act on improvement opportunities.

Key elements of our compliance work

You can read more below about the key elements of our compliance work. We have also included some examples of the efforts taken to build awareness and maintain a strong internal culture on business ethics.

Business ethics and compliance

We aspire to lead the global shift to renewable energy systems and to be distinguished by our ethical approach to business and stakeholder management. We operate in a range of different environments and regularly encounter ethical dilemmas.

Reporting of concerns (whistleblowing)

We have an established system for reporting of concerns, and we encourage employees to report concerns when there is suspected violation of Statkraft’s Code of Conduct.

Community Investments

Our community investment programs are aimed at transforming the local community and environment in a positive way.

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