Governance

The ultimate responsibility for NOBA’s sustainability work lies with the Board of Directors. The Board of Directors are responsible for the adoption of policies, and each policy relating to sustainability is updated at least annually to ensure it is as relevant as possible. The progress of NOBA’s work with ESG are continuously monitored and reported to the Board of Directors. The Annual Sustainability Report is also subsequently approved by the Board of Directors. The Board of Directors delegates oversight of the sustainability work to the CEO. This responsibility is further distributed to all members of the Management Team, and thereafter to the Head of Communications and ESG.

Decisions pertaining to monitoring and further development of sustainability work are taken by the Management Team. Objectives are rooted throughout the organization through each manager and monitored throughout the year. The CEO has established an ESG Committee governed by a ESG Committee Instruction. The ESG Committee further strengthen the internal governance structure for the sustainability work across NOBA. The role of the ESG Committee is to be the decision-making body for direction and operational initiatives as well as to support the CEO and the Management Team, as well as the Board of Directors with information for them to review and approve strategies, initiatives and policies relating to sustainability.