ECIT's Codes of Conduct towards employees and subcontractors serve as the foundation for all actions and activities carried out under ECIT's name.
Code of Conduct
The ECIT Code of Conduct (CoC), established in 2022, saw further implementation across the organisation in 2023. Recognising the importance of compliance training in mitigating the risk of rule violations, including those related to corruption and human rights, we initiated compliance training for our employees in 2023. This initiative is set to continue, encompassing both existing and new employees joining ECIT.
The Code of Conduct serves as our cornerstone, playing an essential role in our commitment to responsible business practices, aligned with the Ten Principles of the United Nations Global Compact and OECD's guidelines for responsible business conduct. The Code is integrated into our onboarding process and management training.
We consider compliance training of our employees as an important step in minimizing the risk of violating various rules, including rules on corruption and human rights. ECIT has continued this work in 2023 by further integrating our Codes of Conduct into operations through additional online training and awareness measures.
The Transparency Act (Åpenhetsloven)
In 2022, the Transparency Act came into effect, mandating specific Norwegian companies to undertake due diligence on human rights and working conditions within their supplier chains. ECIT fully endorses this legislation and has undertaken necessary actions to ensure compliance across the Group and relevant subsidiaries.
The ECIT Board of Directors, consists of six members including one female director and five male directors. The attendance rate for the ordinary board meetings in 2023 reached 94%.
Our Whistle-blower system empowers both internal and external individuals to confidentially report serious or suspected offenses that could impact individuals or the ECIT Group. Unlike previous years, there was one incident reported through our whistle-blower system, and appropriate follow-up actions have been diligently taken.