Active and responsible ownership
Aker ASA (Aker) exercises active ownership with a view to creating value for its shareholders and society at large.
When evaluating and following up its investments, Aker considers financial, commercial, ethical, legal and environ-mental criteria.
GUIDELINES AND PRINCIPLES
Aker’s corporate culture is based on good business practices, openness, honesty and respect for other people. These principles form the basis for sound equity investments. As an industrial investment company, Aker has governing documents for ethi-cal guidelines, sound corporate gov-ernance and company management, risk management and internal con-trol. These form the basis for Aker’s exercise of corporate responsibility. The governing documents have been adopted by the company’s board of directors to secure and develop Aker’s role as a responsible owner. Aker’s Code of Conduct is the company’s governing document setting out ethical guidelines for employees and partners, and principles relating to workers’ rights, human rights anti- corruption, societal conditions, health, the environment and safety (HSE), and the external environment.
OBJECTIVES AND HOW THEY ARE PURSUED
ker’s board of directors defines expec-tations for responsible and ethical busi-ness operations, including how Aker exercises its ownership in its portfolio companies. Regulatory compliance is a minimum requirement. For Aker, the way in which its portfolio companies achieve results is as important as the actual results.
THE UNITED NATION’S GLOBAL COMPACT
Since 2006, Aker has defined four priority areas as being most important to the company’s CR efforts: people, environment, integrity and society. These priorities are based on the United Nations’ Global Compact.
THE FOUR PRINCIPAL AREAS
Due to staff reductions in the portfolio companies working in the oil sector, the most challenging and important area in 2016, as in 2015, has been Society. Society is thus an area closely linked to Aker’s priority area People. In terms of Integrity, Aker has a joint anti-corruption policy for its own employees and those of its port-folio companies. In the area Environment Aker seeks to encourage its portfolio companies to work for greater resource efficiency and lower climate emissions. Aker’s 2016 CR report addresses each of these areas. The industrial portfolio com-panies, in which Aker has ownership interests, all publish their own CR reports.