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Responsible business

A global mindset and responsible business conduct are key to NKT. We are committed to ensure a proper corporate governance and that we have the necessary processes, rules and policies in place.

Governance – ethics and compliance

In NKT, the Ethics & Compliance Board oversees the development and execution of our Ethics & Compliance program which we operate across the entire NKT Group and which is ultimately supervised by the Audit Committee on behalf of the Board of Directors. The Ethics & Compliance function collaborates with Financial Compliance on implementing internal controls to increase our efforts in detecting potential compliance issues. 

Compliance Board

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Good corporate governance is an ongoing focus area for NKT and is ultimately anchored at the Board of Directors of the NKT Group. Learn more on corporate governance here.
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Whistleblower Hotline

We operate a whistleblower hotline that can be used by both employees and external stakeholders to report concerns about unethical behaviour. Our employees are encouraged to speak up and we have a strict non-retaliation policy.

Export controls and Sanctions law

As a global company, we comply with both national and international trade controls, including economic sanctions and export controls. To ensure compliance, we operate a robust compliance program according to which all relevant business partners are screened to ensure they are not subject to any applicable sanctions or other relevant restrictions and all business transactions will immediately be terminated if that is the case. While we primarily operate in low-risk countries in relation to sanction and trade controls, the area is reviewed on a continuous basis.

As a global company, complying with export controls and sanctions regulations is key to our operations and compliance is being monitored closely.

— Michael Stagelund Hvidt, Ethics & Compliance

Responsible tax

NKT is a responsible taxpayer and we base our tax reporting on responsibility, openness and transparency in all aspects of tax related reporting and compliance, wherever the company and its subsidiaries operate. We are committed to work with relevant stakeholders to drive transparency and the development of efficient tax systems and aim to follow recommendations of Good Governance on tax affairs in the countries in which the subsidiaries of NKT are located. NKT does not operate in tax havens and any future operations in tax havens will be of purely commercial reasons. 

Human and labour rights

As a signatory to the UN Global Compact, we are committed to conforming to all aspects of the Universal Declaration of Human Rights. We respect and abides by local labour law, and supports freedom of association, and all employees have contracts complying with local laws and regulations.

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