Sustainability Governance

Telenor Group’s corporate governance principles and practices define a framework of rules and procedures for how business is governed and controlled in all Telenor business units.  Each business unit has adopted the relevant governing documents. The governance framework is used as a platform to integrate material sustainability issues into 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 works continuously to improve its governance regime.  In 2017, Telenor took steps to simplify its governing documents. All Group policies have been modified to ensure that they are risk-based and consist of clear and adequate requirements that are measurable and can be monitored.

More information on Telenor’s principles and practices for corporate governance can be found in Telenor’s Report on Corporate Governance in the Annual Report of 2017 and at www.telenor.com/about-us/corporate-governance.

Telenor Code of Conduct

Telenor’s commitment to integrity and transparency is clearly stated in Telenor’s Code of Conduct. The Code of Conduct is owned and approved by the Board, and must be signed by all employees.

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 & environment, human rights, labour standards, and anti-corruption.