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How we do business

We are reliable citizens

Fully integrating our Code of Ethics and Business Conduct into our business operations at every level of our organisation is extremely important for KONGSBERG. Based on our four values, determined, innovative, collaborative and reliable, we are all committed to conducting our business ethically and in compliance with the applicable laws and regulations in the markets in which we operate.

This is a responsibility at every level of KONGSBERG. Top level management and senior management are completely committed to the lawful and proper conduct of our business. We are to both ensure and conduct business that follows our code of ethics amongst our customers, regulators and authorities, partners and colleagues.

We respect culture, environment and ethnic diversity in our operations, and are particularly aware of our legal, ethical and social responsibilities when entering new geographical areas. This applies to aspects of our own operation, including our supply chain.

Our Code of Ethics and Business Conduct is applicable to all companies within KONGSBERG, including majority owned companies. For minority owned companies, as well as partnerships and constellations not involving ownership, we encourage the same level of responsibility.

Group directors, management, employees, market representatives are entailed by this. When acting on behalf of KONGSBERG you are a representing more than yourself, you are representing an entire company with all our employees and a value chain and ecosystem that stretches beyond. We have to be proactive and aware. We are a company with a strong culture, driven by our four values. We are reliable citizens.

Compliance

We are committed to conducting our business ethically and in compliance with the applicable laws and regulations in the markets we operate. We respect culture, environment and ethnic diversity in our operations, and are particularly aware of our legal, ethical and social responsibilities when entering new geographical areas. KONGSBERG is subject to Norwegian and international legislation, regulations and conventions.

Distribution

The Code of Ethics and Business Conduct will be distributed to all employees and be attached to all future employment and temporary employment/consultancy contracts. The Code of Ethics and Business Conduct will be attached to agreements associated with the signing of agency contracts, distributor contracts and other representation contracts.

The Group's Code of Ethics and Business Conduct is compatible with the UN Global Compact and the OECD's Guidelines for Multinational Enterprises and is subject to evaluation and revision, if so required, at least every other year.

Any unresolved questions should be addressed to KONGSBERGs Corporate Compliance Officer or Legal Department or by sending an email to ethics@kongsberg.com.

Tax Strategy

KONGSBERG’s international presence means that we must comply with a wide variety of tax systems in many countries. In our opinion, a responsible approach to taxation is decisive for our long-term activities in the countries in which we operate.

This includes identifying and complying with current tax legislation, disclosing all the necessary information to the relevant authorities, and taking prudent tax positions where tax legislation allows different interpretations or choices.

Download Directive for Tax Strategy