CORPORATE SOCIAL RESPONSIBILITY
- Introduction
- Finances and Added Value
- Corporate Social Responsibility
- The Environment
- The Global Reporting Index (GRI)
At KONGSBERG, corporate social responsibility means taking into account the communities in which the Group operates and which are affected by our activities. This also involves relations with our employees, society-at-large and external stakeholders.
It is important that we have knowledge about the effects of our activities on the communities in which the Group operates. Gathering knowledge about and gaining an understanding of corporate social responsibility is an area on which we will spend more time in 2007.
KONGSBERG has joined the UN's Global Compact initiative. The initiative coincides with the Group's own Code of Ethics and attitudes. We feel it is important for business and industry to shoulder its part of the responsibility for how tomorrow's world should look. This is a responsibility we take seriously. During 2007, we will strive to do more to integrate corporate social responsibility into our operations and strategy.
POLICY FOR CORPORATE SOCIAL RESPONSIBILITY
KONGSBERG shall engage in value-adding activities that benefit its owners, employees and stakeholders from the perspective of sustainability.
Owners – KONGSBERG's owners shall be assured a competitive rate of return on their investments through management's goal-oriented efforts to make the Group's share price appreciate in a long-term sustainable perspective. In addition, owners shall be assured a competitive rate of return through an annual dividend averaging 30 per cent of the company's net profit.
Employees – KONGSBERG's employees shall be encouraged to take advantage of their abilities and to contribute to the Group's development as well as their own. They are to be taken seriously, treated with respect and given orderly working conditions. KONGSBERG shall 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 sex, age, and cultural or religious background.
Stakeholders – KONGSBERG shall create values that benefit its stakeholders and society-at-large. This shall take place in a long-term sustainable perspective.
Ethics – KONGSBERG's employees shall comply with the Group's corporate Code of Ethics, which reflects attitudes that are accepted and expected by the community. The Code of Ethics will be updated to reflect trends in society.
