Corruption risk assessments form the basis for selecting the areas that requires specific mitigating actions and resource allocation. Each business unit is required to regularly assess and prioritise corruption risks in their activities. The Global Compliance Officer supports the business unit in their risk assessments and in identifying mitigating measures.

We conduct corruption risk assessments at country, project and contract level. Scatec utilises the assessments to pinpoint areas which require specific attention, mitigating action and resource allocation. When risk is identified, it is recorded and reported to the relevant stakeholders in each project to ensure awareness and implementation. In addition, we conduct a group risk assessment for every business unit each year.

Projects moving from opportunity, development, and structuring to the delivery and power-production phases are assessed through Decision Gates. There are four Decisions Gates with clear criteria and requirements related to screening, compliance and risks of corruption.

Contracting Parties such as business partners, suppliers and corporate customers may expose Scatec to reputational, legal, and operational risk. Scatec is committed to taking the necessary steps to manage the risks arising from third-party relationships.

Scatec requires all employees to complete training in our anti-corruption policies. We have developed an advanced gamified Code of Conduct training, which is an interactive game consisting of dilemma training and mini games. The course introduces the Code of Conduct and the main procedures adopted to prevent and detect corruption. Employees require an 80% pass rate for each module to be certified on the training platform. The objective of the training is to ensure that Scatec’s employees are familiar with applicable anticorruption laws and are prepared to identify and manage the corruption risks they may encounter while working for Scatec.

All Scatec employees are required to attend the in-person anti-corruption training course every three years. The Global Compliance Officer is responsible for coordinating the anti-corruption training. For employees located on project sites during construction, it is often necessary to coordinate training in the language commonly used on site.

Scatec’s anti-corruption policies and procedures are communicated to all suppliers and business partner globally. Contracting Parties such as business partners, suppliers and corporate customers may expose Scatec to reputational, legal, and operational risk. No relationship with a third party may be established without appropriate integrity due diligence (IDD) of the business relationship, and no contract shall be entered into without adequate anti-corruption undertakings. All third party relationships shall undergo sufficient monitoring.

All new third parties, hereunder business partners, suppliers and corporate customers must undergo appropriate IDD in accordance with the Integrity Due Diligence Procedure. The IDD requirements for third parties are risk-based and determined by the risk of the country, the scope of work and the annual value of the contract.