Empower our people

Ethics and anticorruption

Compliance and Business Code of Conduct 

Lerøy Seafood Group (the Group) has a strict policy to promote compliance with all applicable laws and regulations

The Group constantly determines and monitors compliance obligations related to its business activities and evaluates how these should be applied to the organizationRelevant compliance requirements are taken into account when planning, implementing and maintaining the Group’s compliance obligations as well as assessing its compliance performance. 

The Group strongly believes that an ethical business culture is key for creating and maintaining a sustainable company. The Group is committed to working ethically, with integrity and always lawfully wherever we operate and with everyone we do business with. 

The Group has developed a Business Code of Conduct which outlines the Group’s fundamental standards and principles for business conduct and ethics, human and labor rights, environment, anti-bribery and corruption, whistleblowing, privacy and data protection. We require both our employees and our suppliers to respect, support and comply with the Code as applicable. 

The Code is complemented by the Group’s values which define our behaviors at work. In order to verify whether and to what extent the Group’s Business Code of Conduct is applied by the Group’s suppliers fill out a questionnaire which requires the suppliers to explain in detail how the Code is applied and complied with. The questionnaire addresses such issues as governance, certifications, digital infrastructure and cybersecurity, supply chain, sustainability practices and other subject specific requirements. 

All employees shall be able to apply the principles laid out in the Code and have received Business Code of Conduct and Ethics training to raise awareness of and compliance by employees.  

The Group has zero tolerance for corruption. Elimination of corruption has been defined as one of the priorities of the Group. Implementing anti-corruption measures is an integral part of our corporate responsibility protecting our reputation and the interests of our stakeholders. 

In 2020 the Group became a participant of UN Global Compact committing to both avoiding corruption as well as developing policies and implementing measures to address corruption internally and within our supply chain. 

All our employees and workers have received training on our Business Code of Conduct which, amongst other subjects, includes information on the Group’s anti-corruption policies and procedures. 

All our suppliers are informed of and have to commit to our Business Code of Conduct, and they are expected to conduct their business in an ethical and manner as well as act with integrity complying with international and local anti-corruption and bribery laws and standards.  

All companies within the group complete detailed compliance reporting quarterly. The reporting covers such issues as compliance breaches, data privacy and protection, business code of conduct, whistleblowing, concerns regarding customers, credit policy and other issues of concern. In case of discrepancies an appropriate action is taken. The nature of the action taken is defined by the nature and severity of the discrepancy.  

The Code of Conduct is reviewed by the Board annually. It is a permanent agenda item of the first Board meeting of each year. The Code is reviewed in order to evaluate its relevance and appropriateness with regards to organizational context changes, social developments as well as feedback form relevant stakeholders.

Employees and workers as well as others who are required to respect and comply with the Code of Conduct can suggest changes and updates to the Code. If appropriate and necessary, the Code of Conduct is amendedupdated or explained in greater detail in case there is a necessity for more clarity regarding how an issue should be handled or resolved. 

Concerns regarding compliance and business conduct can also be reported anonymously via an independent whistleblowing channel. 

I 2020 there were zero confirmed incidents of corruption and no employees were dismissed or disciplined for corruption.

There were no confirmed incidents where business partners were terminated or not reviewed due to violations related to corruptionNo public legal cases regarding corruption were brought against the organization or the employees during the reporting period. 

Number of Registered Corruption Cases: 0