Statkraft sees this as an important step in ensuring that the company’s stated commitments come to life and that respect for human rights is integrated in day-to-day operations. #3: Ceasing, preventing, or mitigating adverse impacts Statkraft is currently working to similarly develop a robust framework to identify and assess potential human rights risks and impacts for employees as well as among the workforce of suppliers and contractors. Technical, economic, social, and environmental issues are all examined as part of this process, which may include: considerations of threatened species in the area possible conflicts with the rights of indigenous peoples the interests of the local population the necessity of relocating people owing to things like flooding and damage to flora and fauna stemming from dams, technical installations, and power grids. Assessments are often carried out by external consulting firms or other independent third parties, and are closely monitored by qualified experts and national authorities. Statkraft continues to evolve its impact assessment processes that consist of a twofold focus on environmental impacts on ecosystems and social impacts on communities stemming from the company’s projects and operations. #2: Identifying and assessing adverse impacts in operations, supply chains, and business relationships
DUE DILIGENCE CODE
#1: Embedding responsible business conduct into policies and management systemsĮxamples of Statkraft’s efforts to fully embed responsible business conduct in the company’s operations include the Sustainability and HSSE policy Code of Conduct Supplier Code of Conduct Procurement Policy People, Leadership, and Organisation Policy as well as other relevant operational requirements.
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