Responsible business is a strategic pillar of Telenor’s corporate business strategy. Sustainability is closely tied into our governance framework, providing accountability and enabling us to clearly plan, implement and monitor sustainability activities across Telenor.
Telenor Group’s corporate governance principles and practices define a framework of rules and procedures for the way business is governed and controlled in all Telenor business units. Each business unit adopts the relevant governing documents. In addressing sustainability, the governance framework is used as a platform to integrate material sustainability issues into our business strategies, daily operations and relationships with stakeholders. Telenor’s corporate values and ethical standards represent an important foundation for articulating and implementing the governance framework.
Telenor Code of Conduct
Telenor’s commitment to integrity and transparency is clearly stated in Telenor’s Code of Conduct, which is owned and approved by the Board, and must be signed annually by all employees. Telenor works continuously to improve its governance regime. In 2020, Telenor conducted a revision of its Code of Conduct to reflect the evolving risks that Telenor faces.
Sustainability & Compliance Committee (SCC)
The Sustainability and Compliance Committee (the “Committee” or “SCC”) is a preparatory committee of the Board of Directors of Telenor ASA (the “Board”) that supports the Board in fulfilling the Board’s responsibilities with respect to addressing sustainability and the scope of compliance for the Committee. In its work, the Committee is guided by international conventions and recommendations, the Telenor Code of Conduct and policies and manuals relevant to the scope of the SCC. The Committee also supports the Board in fulfilling its responsibilities to specifically address climate and the environment, human rights, labour standards and anti-corruption.