Code of Ethics and Business Conduct



It is the policy of the Company to provide our Code of Ethics and Business Conduct, which will serve as a guide to proper business conduct for all employees and individuals working for the Company through contracts/agreements. We expect all employees and individuals working for the Company through contracts/agreements to observe the highest standards of ethics and integrity in their conduct. This means following a basic code of ethical behavior that includes the following.

Core values

We are as a company committed to add value to the development of sustainable, renewable energy combining access to capital, high competence within cost efficient development and operation of renewable energy production in rural areas and strong local presence.


Respect for the individual and human rights

We all deserve to work in an environment where we are treated with dignity and respect.

AICE Hydro is committed to creating such an environment because it brings out the full potential in each of us, which, in turn contributes directly to our business success.

AICE Hydro is committed to providing a workplace that is free of discrimination of all types of abusive, offensive or harassing behaviour. Any employee who feels harassed or discriminated against should report to his or her manager or to the Board of Directors.

As a company and as individuals we shall respect human rights in such a way that work shall be carried out without discrimination on the basis of race, gender, social status, sexual orientation, disability, religious or political affiliation.

Further it is important to note that the all employees and individuals working for the Company through contracts/agreements shall adhere from sexual abuse, sexual exploitation and harassment.



AICE Hydro is a company registered in Norway and Norwegian laws and regulations related to the possession of-and use of drugs shall in general be adhered to. This is specifically important in relation to use of drugs whilst driving.


Respect for local laws and important codes of conduct

Our commitment to integrity begins with complying with laws, rules and regulations where we do business. Further, each of us must have a respect for the local culture and religion insofar as these are not in conflict with international human rights standards.



AICE Hydro take a zero- tolerance approach to corruption, including bribery, facilitation payments and trading in influence.

We will comply with all applicable anti-corruption laws and regulations wherever we operate and take active steps to ensure that corruption does not occur in relation to AICE Hydro's business activities.


Oslo, May 2nd 2017.


Arne Jakobsen (sign)
Chairman of he Board


Download the full, signed version here