The employee code of conduct lays down the attitudes and behaviours which Statkraft expects of each employee with regard to value creation, loyalty, impartiality, good business practice and respect for the individual. The company established an Ethics Council in 2006, which  is managed by the head of Statkraft’s internal audit function. This  is an independent forum which, although unable to make decisions on its own, is a body that employees can safely turn to for advice  on ethical issues.

In 2006 “Doing the Right Thing at Statkraft” has been followed up with awareness-building and educational programmes, such as dilemma training and management training courses. The Group emphasises the fact that good business practice is crucial to its ability to secure the necessary basis for growth and development. 

The Norwegian Recommendation for Corporate Governance was submitted on 7 December 2004, and was recommended by the Oslo Stock Exchange and central organisations in the securities market. In point 1 of the recommendation, it is stated that “The board of directors should clarify the company’s core values and work in accordance with them to formulate a code of conduct”. The board of directors at Statkraft AS has adopted the “Code of Conduct for Employees of Statkraft” on this basis.

• Download - Code of Conduct for Employees of Statkraft (pdf, 80 Kb)