Governance
We recognize that what we do - and how we do it, has an impact on both people and the planet.
Therefore, KONGSBERG’s ambition is to not only contribute to national security but also to promote social responsibility and environmental stewardship. KONGSBERG is committed to ensuring the resilience of our strategy and business model across environmental, social, and governance (ESG) dimensions. Our approach includes regular updates to both the Board and the Corporate Management Team on global macro trends, supported by an annual strategy process.
Our Sustainability and ESG strategy are vital because it aligns our business objectives with broader societal and planetary goals.
Roles & Responsibilities
The Audit and Sustainability Committee is a preparatory body for the Board. Sustainability-related impacts, risks, and opportunities (IROs) are the overarching responsibility of the Board. The Audit and Sustainability Committee monitor progress on sustainability and compliance, including relevant internal control mechanisms, in accordance with its mandate. This follow-up is delegated to the Group Executive Vice President & CFO, who reports to Group Executive Management and the Board of Directors, and participates in the meetings of the Audit and Sustainability Committee.
The Board and supervisory bodies are informed about the views and interests of stakeholders through the double materiality assessment and regular updates. Our whistleblowing channel also serves as an important listening post for all stakeholders, including employees, business partners and affected communities, and provides the opportunity to report concerns anonymously.
