Governance and business practice

From codes of conduct and commitments to the systems that structure our work, here you'll find how Statkraft ensures strong governance across all parts of the company. You will also find information on how these expectations are put into practice in our daily operations, including responsible supply chain management, human rights, health and safety, anti-corruption, diversity and inclusion, stakeholder engagement, and local value creation.

Here you will find all sustainability-related governance content, from our guidelines, reporting practices, whistleblowing channel, to relevant publications.

The Statkraft Way

Sustainability is an inherent part of our business activities and is reflected in our management system, known as The Statkraft Way. The system governs how we do our business and forms the foundation for continuous improvement of our activities. It also sets the direction for how we work with sustainability issues. 

Laws, regulations and guidelines

As a Norwegian company, we comply with Norwegian laws and regulations as well as with applicable laws and regulations in the countries where we operate. When developing our policies, we also take guidance from relevant international frameworks and guidelines, including the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights. For new business activities, the IFC Performance Standards on Environmental and Social Sustainability are taken into consideration.

Performance

The company has identified Key Performance Indicators (KPIs) that also cover sustainability topics, such as health and safety, environment and business ethics. Our performance on these is regularly reviewed by the Corporate Management and the Board of Directors. Sustainability issues are also included in Corporate Audit’s plan and work.