Laws and regulations

In today`s dynamic business landscape, sustainability has become a vital pillar across all industries. Different laws and regulations continue to shape the sustainability landscape.

Organizations that is the core of our operation:

Norsk Renewables is embracing sustainability as a fundamental aspect of its business.


Norsk Renewables has chosen to work with the International Finance Corporation Performance Standards (IFC PS). It helps us identify risks and impacts and is designed to help avoid, mitigate, and manage risks and impacts as a way of doing business sustainably, including stakeholder engagement and disclosure obligations concerning project-leave activities. 

The eight Performance Standards establish standards that are to be met throughout the life of an investment:

  • PS 1: Assessment and management of Environmental and Social Risks and Impacts
  • PS2: Labor and Working Conditions
  • PS3: Resource Efficiency and Pollution Prevention
  • PS4: Community Health, Safety and Security
  • PS5: land Acquisition and Involuntary Resettlement
  • PS6: Biodiversity Conservation and Sustainable Management of Living Natural Resources
  • PS6: Indigenous Peoples
  • PS8: Cultural Heritage


Taxonomy EU taxonomy for sustainable activities is an EU-wide classification system for sustainable activities created to reach the 2030 energy targets and the objectives of the European Green Deal directing investments toward sustainable projects and activities. Norsk Solar will make the preparations necessary to answer questions related to the taxonomy by our investors and partners. We will work diligently to analyze our operations, assess our projects, and use the EU Taxonomy Compass as a guidance.

Activities supporting the taxonomy:

  • Climate Road map with a focus on scopes 1, 2 & 3
  • Environmental & Social Governance reporting to create a frame of reference for investors and companies.
  • Environmental &Social focus in Contract and Procurement to protect against greenwashing practices
  • Working with IFC PS, ILO (International Labor Organization) and WB EHS (World Bank, Environmental, Health & Safety)
  • Environmental and Social Impact Assessments for Every Project (ESIA)


It was created in 1919, as part of the Treaty of Versalle, that ended World War I, to reflect the belief that universal and lasting peace can be accomplished only if it is based on social justice.

The International Labour Organization (ILO) is devoted to promoting social justice and internationally recognized human and labour rights, pursuing its founding mission that social justice is essential to universal and lasting peace.

Four strategic objectives at the heart of the Decent Work agenda

WORLD BANK Environmental, Health, and Safety (EHS)

The Environmental, Health, and Safety (EHS) Guidelines are technical reference documents with general and industry-specific examples of Good International Industry Practice and are embedded in the contracts and procurement policies and procedures of Norsk Renewables as in the structured work of Environmental & Social assessment and mitigations.

The EHS Guidelines contain the performance levels and measures that are generally considered to be achievable in new facilities by existing technology at reasonable costs. Application of the EHS Guidelines to existing facilities may involve the establishment of site-specific targets, with an appropriate timetable for achieving them. The applicability of the EHS Guidelines should be tailored to the hazards and risks established for each project on the basis of the results of an environmental assessment in which site-specific variables, such as host country context, assimilative capacity of the environment, and other project factors, are taken into account.

The circumstances that skilled and experienced professionals may find when evaluating the range of pollution prevention and control techniques available to a project may include, but are not limited to, varying levels of environmental degradation and environmental assimilative capacity as well as varying levels of financial and technical feasibility.

For IFC, such assessment is carried out consistent with their Performance Standard and for the World Bank, with their Operational Policy based on the professional opinion of qualified and experienced persons.


GRI (Global Reporting Initiative) is an independent, international standards organization that helps businesses, governments and other organizations take responsibility for and clearly communicate their impacts on the world. 

GRI provide the world’s most widely used sustainability reporting standards which cover topics ranging from biodiversity to tax, waste to emissions, diversity and equality to health and safety. Through the common language created by these standards, GRI reporting enables transparency and dialogue between companies and their stakeholders.

Norsk Renewables have developed a tool for their HSE reporting based on the GRI principals giving us in depth understanding of the work that is being done at each site and at the same time gives us a holistic overview of the totality of the work being done at our sites. HSE is in the core of everything we do, so having a tool based on this standard gives us information and steering possibilities wherever we are.

Ingrid Sara Grimstad Amundsgård

Ingrid Sara Grimstad Amundsgård

EVP Sustainability, HSE, Communications & IR