Policy for Corporate Social Responsibility

KONGSBERG's Environmental Policy and Policy for Corporate Social Responsibility were drawn up for the first time in 2002 and 2003. Since then, the content of the concept and expectations about how the Group will deal with the issues have changed and expanded in scope. Accordingly, we have drawn up a new policy.

KONGSBERG aspires to achieve sustainable development, i.e. to strike a good balance between financial results and corporate social and environmental responsibility. The value created will accrue to owners, stakeholders and society-at-large.

The Group's work with corporate social responsibility shall be on a par with general national and international developments in this area. The quality of the work and the importance attached to it are to be commensurate with the expectations of owners, customers and other stakeholders.

KONGSBERG's goals for corporate social responsibility are to understand and meet the local and global challenges facing society in the geographical areas in which KONGSBERG operates.

The Group's suppliers and other partners are expected to comply with basic principles for corporate social and environmental responsibility which coincide with KONGSBERG's own principles.

Integrity and transparency are the linchpins of the Group's work with corporate social responsibility.

Corporate social responsibility

KONGSBERG endorses the UN Global Compact and actively strives to promote the initiative's 10 basic principles. Correspondingly, the Group will promote the intentions of ILO conventions and of the OECD Guidelines for Multinational Companies. KONGSBERG's employees shall comply with the Group's corporate Code of Ethics, which reflects attitudes expected and accepted by the community. The Code of Ethics will be updated regularly to stay abreast of trends in society.

Employees

KONGSBERG's employees are to be challenged to take full advantage of their abilities and to contribute to the Group's progress as well as their own. They are to be taken seriously, treated with respect and given orderly working conditions.

KONGSBERG is to be a corporation with an abundance of diversity. Naturally, health and safety are to be given priority and all KONGSBERG employees are to have equal opportunities, regardless of gender, age, and cultural or religious background.

Human rights

KONGSBERG will work systematically to promote internationally acknowledged human rights. All the Group's activities are to comply with the UN's Universal Declaration of Human Rights. There is to be no abuse of human rights in the company.

Corruption

KONGSBERG will work systematically to fight all forms of corruption. There is to be no corruption in the company.

Local commitment

By making social investments, we can make positive contributions to the local communities in which the Group operates.

The environment

KONGSBERG is to be a responsible corporation in terms of the footprint it leaves on the outdoor environment. This means we will strive to ensure that direct harmful influences on the outdoor environment, including emissions of greenhouse gases resulting directly or indirectly from our operations.

KONGSBERG endorses the UN Global Compact and actively strives to promote the initiative's environmental principles. Correspondingly, the Group will work to promote the environmental intentions of the OECD Guidelines for Multinational Companies.

Climate

KONGSBERG will work to reduce the direct and indirect greenhouse gas emissions resulting from its operations. In its operations, the Group will strive to use energy in an efficient, environment-friendly manner.

Products

The Group will make active efforts to find innovative product solutions that can reduce greenhouse gas emissions in the areas in which we operate. Product development, production, distribution, and the use and recycling of KONGSBERG products will be compatible with long-term sustainable social development. KONGSBERG will strive to minimise product-related environmental burdens.

Stakeholders

KONGSBERG cooperates on environmental and safety issues with customers, partners and suppliers to find the most environment-friendly solutions possible in the short- and the long-term perspectives.

Employees

KONGSBERG strives to raise awareness and to motivate the organisation and individuals to get involved in environmental issues.

Follow up

We will ensure that our work within corporate social and environmental responsibility is planned in a professional manner and integrated into the Group's business strategy, making it part of the Group's business planning and follow-up routines.

The Group's Policy for Corporate Social Responsibility will provide an overarching framework for efforts related to corporate social and environmental responsibility, and will be evaluated at least every second year.

KONGSBERG's external reporting routines shall comply with the principles set out in the Global Reporting Initiative (GRI).

KONGSBERG's Policy for Corporate Social Responsibility is laid down by the Group's Board of Directors.