Nord Oil pursues its activities in a variety of physical, legal, social and economic environments; it is committed to maintain the same high technical and ethical standards wherever it is active. In order to fulfil this goal, it relies on the collective experience of its highly qualified staff as well as its corporate responsibility framework: its Code of Conduct, Health, Safety, Environment (HSE) and Community Relations Policies, HSE Management System (the Green Book) and Corporate Donations Programme.
Nord Oil’s Code of Conduct sets out its responsibilities towards its shareholders, employees, host countries, local communities and society and the means to ensure that they benefit from its activities. The Code also sets out the values by which Nord Oil is guided: fairness and honesty, as well as respect for local, national and international laws, and for generally accepted principles on the protection of human rights and the environment.
Nord Oil’s Health, Safety and Environment (HSE) policies aim to ensure that its activities preserve the health and safety of the staff and nearby communities as well as the environment; they require integration of HSE elements in operational strategies and planning. The Green Book, modelled on ISO-14001, details how this integration is to take place in practice, namely through leadership commitment, attribution of HSE roles and responsibilities, setting of HSE plans, objectives and targets as well as continuous monitoring and review of HSE performance.
In order to ensure that activities contribute to enhancing the living standards and wellbeing of people in its areas of operations, Nord Oil’s Community Relations Policy promotes the hiring of local staff and participation in community projects; if the needs and circumstances are of relevant nature and extent, Nord Oil may in addition contribute to community development projects aimed at improving health, education and welfare services available in the area.
Nord Oil has also established a Corporate Donations programme which involves making, from time to time, monetary or in-kind contributions to individuals, groups or projects anywhere in the world which enhance the welfare of particularly disadvantaged people, contribute to the better understanding of the Oil & Gas sector or promote positive values.