Governance

As a listed company operating in a highly regulated industry, we are continually monitored, measured, and judged by the results we achieve, and by our business practice and ethics. We thrive with this scrutiny, which inspires us to continually improve.

Our main governing bodies are the Board of Directors, our management and team. Our corporate governance policy is based on Norwegian Code of Practice for Corporate Governance (the “Corporate Governance Code”), Code of Practice for listed companies in Norway, which is available at the web site of the Norwegian Corporate Governance Board NUES. We report on how the company comply with the Corporate Governance Code in our Corporate Governance Report and in Cloudberry`s Annual Report.

Not only does Cloudberry hold a high standard of corporate governance, the company secures the integration of Cloudberry`s ESG goals throughout the value chain through. We have implemented guidelines on investment decisions considering a broad selection of environmental, social and governance (ESG) aspects that may have material impacts, both positive and negative.

Cloudberry has established an environmental, social and governance (ESG) committee. The purpose of the committee is to ensure alignment with the company`s sustainability strategy and to discuss and evaluate ESG concerns relevant to Cloudberry. The committee is responsible of evaluating, following up and implementing the company`s ESG strategy, and to review relevant ESG initiatives.

Cloudberry’s Code of Conduct sets out the key expecta­tions to all employees, the Board of Directors, and other representatives of the company and specifies the ethical requirements for everybody who works for and on behalf of Cloudberry. The Code is the basis for how we act and perform our business, and it describes Cloudberry`s ethical culture and behav­iour. The Code provides general guidelines on issues such as anti-corruption, human and labour rights, health and safety, business ethics, legal compliance, insider trading and other relevant issues related to the company’s operations. The Code of Conduct is reviewed and revised annually. Read our Code of Conduct here.

A Supplier Code of Conduct is implemented in all procurement phases. Adherence with the Code is required of all sup­pliers, and Cloudberry expects that their policies, statements, and commitments are enforced in the operations, and throughout the value chain of suppliers and their sub-suppliers. The Suppliers Code of Conduct will be reviewed annually by the company to ensure incorporation of relevant developments during projects. Read our Supplier Code of Conduct here.

Cloudberry wants to be made aware of any irregu­larities or other concerns regarding the organization and business. Employees and stakeholders are encouraged to report concerns if they are suspecting breach of the Code of Conduct or other relevant policies. To notify misconduct within the Cloudberry Group, access the Reporting Channel Whistleblowing.

You may read our Whistleblowing Policy here

Read more about our sustainability approach, priorities, and achievements in our annual Sustainability Report.

The Transparency Act is a Norwegian law relating to enterprises’ transparency and work on fundamental human rights and decent working conditions. This law entered into force 1 July 2022. The law also gives the public the right to obtain information about companies' handling of matters related to human rights and decent working conditions. Cloudberry has carried out the due diligence in accordance with the OECD Guidelines for Multinational Enterprises, and has prepared a report in accordance with the requirements of the Transparency Act. Read the full report here.