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1. Purpose

The Løvold Solution group aims to contribute to safe, responsible, and sustainable operations for our customers in the aquaculture industry, and thus have a positive footprint as a starting point for our business. Our contribution to responsible aquaculture shall ensure that future generations also can live off and harvest from the sea. We are constantly working to create green ripples in the water in both our own operations and production, and through digitization, innovation, and collaboration. As part of our commitment to sustainability and social responsibility, we expect our suppliers to adhere to the following code of conduct.

2. Principles

Green collaboration in the blue industry

Our contribution to responsible aquaculture shall ensure that future generations also can live off and harvest from the sea. Adhering to four of the seventeen UN sustainability goals, we have formed four cornerstones which describe our work in these areas.

Good local societies – #11 Sustainable cities and communities

Interaction and influence – #17 Partnership for the goals

Responsible aquaculture – #12 Responsible consumption and production

Green ripples in the water – #14 Life below water

2.1 Compliance

Suppliers shall comply with all relevant laws, regulations, and standards applicable to their area of operation, organization, or project.

Suppliers shall have appropriate systems and processes in place to secure the adherence to relevant laws, regulations, and standards.

Suppliers shall promptly inform Løvold Solution of any changes that may affect their ability to comply with these requirements.

2.2 Human rights and labor standards

Suppliers shall uphold the freedom of association and the right to collective bargaining (ILO Convention No. 87 and No. 98).

Forced labor, including any form of slavery or human trafficking, shall not be used (ILO Convention No. 29 and No. 105).

Child labor, as defined by the ILO conventions and applicable laws, shall not be used (ILO Convention No. 138 and No. 182).

All workers shall be treated with dignity and respect, and discrimination based on race, religion, age, gender, disability, or any other protected characteristic shall be prohibited (ILO Convention No. 100, No. 111, and No. 159). (UN Universal Declaration of Human Rights, Article 1, 2, and 23)

Suppliers shall respect and protect the rights to freedom of opinion, expression, and privacy of their employees. (UN Universal Declaration of Human Rights, Article 19 and 12)

Suppliers shall provide equal employment opportunities, and no person shall be subject to discrimination based on race, color, religion, gender, sexual orientation, disability, or any other protected characteristic. (UN Universal Declaration of Human Rights, Article 2, 7, and 23)

Whistleblower mechanisms shall be implemented to allow employees to report grievances or unethical practices without fear of retaliation.

2.3 Health and Safety

Suppliers are responsible for providing a safe and healthy working environment for their employees. Adequate measures shall be in place to prevent accidents, injuries, and occupational health hazards. Supplier is required to provide training to ensure that employees are up to date on health and safety regulations.

2.4 Environmental Stewardship

Suppliers shall comply with all applicable environmental laws, regulations, and standards. Efforts shall be made to minimize and manage waste, pollution, and the environmental impact of operations. Sustainable practices, such as resource conservation and energy efficiency, shall be promoted.

Suppliers shall actively work to reduce greenhouse gas emissions and promote sustainable practices to mitigate climate change impacts.

Consideration shall be given to the responsible use of natural resources and the adoption of renewable energy sources.

2.5 Ethical Business Conduct

Suppliers shall not engage in any form of bribery, corruption, extortion, or embezzlement. Transparent and accurate records of financial transactions shall be maintained.

2.6  Data Privacy and Security

Suppliers shall handle personal and confidential information in accordance with applicable data protection laws. Appropriate safeguards shall be implemented to protect data from unauthorized access or misuse.

2.7 Reporting and Audits

Suppliers shall conduct due diligence to identify and mitigate any risks of human rights abuse, environmental harm, or unethical practices.

Suppliers shall cooperate with Løvold Solution by providing relevant documents and information to verify compliance with this code. Independent audits or inspections may be conducted by Løvold Solution or accepted third-party auditors to ensure compliance with the supplier code of conduct.


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