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Our corporate values are central to our business. Our employees show great commitment in their work and they are known for their positive relationship with both products and customers.

 

SAFE - We are a safe and secure workplace, where everyone helps each other.

ENGAGED - We are committed and solution oriented.

INNOVATIVE  - We strive to be innovative, and constantly look for futuristic and sustainable solutions.

CREDIBLE -  We will be honest and credible in all our behaviour.   

COMMITTED BY NAME

Norway Royal Salmon is a name we are proud of and a name we work hard every day to live up to. Having ROYAL in our company name allows us both locally and around the world to be associated with quality. Norway Royal Salmon is a name that obliges, and we therefore say that we are COMMITTED BY NAME   


Local farmers – local knowledge

The local farmers along the Norwegian coast who established Norway Royal Salmon already had extensive experience within salmon farming and were pioneers in the fish farming industry. They lived by the sea and had a long tradition of working in close contact with nature. As fishermen and salmon farmers, they knew a lot about how to manage the resources they could harvest from the sea in a sustainable manner. This tradition has continued, and all our facilities are operated by local people with a close relationship to the sea. 

Committed to sustainable development.

Norway Royal Salmon has always focused on extensive research, development and innovation. We continually aim to improve our production and we work hard every day to ensure that we are at the front edge of development. It was no coincidence that we were awarded most licenses – 9 – when the Norwegian Government awarded new green licenses in 2014. Furthermore, in 2015 we will have our first production sites ASC certified and by 2020 all our production sites will be ASC certified.

If you are raised on the Norwegian coast, you learn to appreciate your surroundings. You respect the environment. It becomes part of your identity. This is also a part of Norway Royal Salmon’s identity. We are committed to creating sustainable and environmentally friendly salmon farms. 

Health, Safety and Environment

In Norway Royal Salmon we put health, safety and the environment first –it has our highest priority. Safe is the first and most important value we have in NRS; our HSE vision of zero injuries to personnel, zero harm to the environment and zero damage to materials is a steering and long-term objective for the group's activities.

In Norway Royal Salmon, we work systematically in all parts of our value chain, to develop a sound HSE culture. We require our management and employees at all levels in our organisation to follow and develop certain standards:

  • Be conscious and responsible, dare to speak out
  • Continual focus on learning and skills development
  • Risk evaluation of operations and focus on preventing incidents
  • Comprehensive safety inspections
  • Member of local and central occupational health services

For Norway Royal Salmon, it is vital to think HSE throughout our value chain. Legislation, regulations and routines greatly influence our conduct; however, this does not exempt management and employees from taking personal responsibility concerning HSE.

Committed to People

Norway Royal Salmon: Q4 18 - Highest Operational EBIT in the history of NRS

PRESS RELEASE: 

(Trondheim, 12. february 2018)


Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 232 for the 

fourth quarter 2018 and EBIT per kg of NOK 17.73. Corresponding figures for the 

same quarter last year were MNOK 95 and NOK 15.51. 





Read more »

Q3 18 – Operational EBIT of MNOK 35

PRESS RELEASE: 

(Trondheim, 6. november 2018)

Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 35 for the third quarter 2018 and EBIT per kg of NOK 22.10. Corresponding figures for the same quarter last year were MNOK 192 and NOK 19.29.

Read more »

Q2 18 – Operational EBIT of MNOK 181

PRESS RELEASE:  Q1 18 – Operational EBIT of MNOK 193

(Trondheim, 28. august 2018)


Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 181 for the second quarter 2018 and EBIT per kg of NOK 24.39. 


Read more »

Q1 18 - Operational EBIT of MNOK 193


PRESS RELEASE:  Q1 18 – Operational EBIT of MNOK 193

(Trondheim, 8. may 2018)


Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 193 for the

first quarter 2018 and EBIT per kg of NOK 18.78. 

 


Read more »

Norway Royal Salmon ASA (NRS): Arctic Offshore Farming granted development licenses

The Directorate of Fisheries has today granted 7.68 development licenses (5,990
tonnes MAB) for the development of Arctic Offshore Farming. 

The licenses are a recognition of a long and good development process in which NRS, Aker ASA and Aker Solutions have developed a semi-submersible offshore fish farm designed for harsh areas.

Read more »

Q4 17 – Operational EBIT of MNOK 95

PRESS RELEASE:  Q4 17 – Operational EBIT of MNOK 95

(Trondheim, 13. February 2018)


Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 95 for the fourth quarter 2017 and EBIT per kg of NOK 15.51. 

Read more »

Q3 17 – Operational EBIT of MNOK 192


PRESS RELEASE:  Q3 17 – Operational EBIT of MNOK 192

(Trondheim, 7. November 2017)

Today Norway Royal Salmon (NRS) reports an operational EBIT of MNOK 192 for the third quarter 2017 and EBIT per kg of NOK 19.29. 

Read more »

Q2 17 – Another quarter with high operational EBIT per kg


PRESS RELEASE:  Q2 17 – Another quarter with high operational EBIT per kg

(Trondheim, 23. may 2017)

Today Norway Royal Salmon (NRS) reports the second highest quarterly operational EBIT per kg in the history of the group. 

Read more »

Q1-17 - BEST FIRST QUARTER RESULT IN THE HISTORY OF NORWAY ROYAL SALMON

PRESS RELEASE: Q1 17 - Best first quarter result in the history of Norway Royal Salmon
(Trondheim, 23. may 2017)

Today Norway Royal Salmon (NRS) reports the highest quarterly operational EBIT and margins for a first quarter in the history of the group. 

Read more »

NRS and GSF ensure smolt capacity in Finnmark

Norway Royal Salmon and Grieg Seafood join forces to secure smolt capacity in Finnmark.

Read more »

Q4 16 - Best fourth quarter result in the history of NRS


Today Norway Royal Salmon (NRS) reports the highest quarterly operational EBIT and margins for a fourth quarter in the history of the group. Operational EBIT for the fourth quarter of 2016 was MNOK 101 and EBIT per kg was NOK 26.83. Corresponding figures for the same quarter last year were MNOK 91 and NOK 12.63.


Read more »

Q3 16 - Another quarter with record high operational EBIT

PRESS RELEASE: Q3 16 - Another quarter with record high operational EBIT
(Trondheim, 9. novembert 2016)

Read more »

Norway Royal Salmon ASA: Acquisition of 50% of Arctic Fish ehf.

(Trondheim, 24 August 2016 )
Norway Royal Salmon ASA has entered into an agreement to acquire 50.00 per cent of Arctic Fish ehf through a directed private placement  in the amount of EUR 29 million, thus forming a joint venture with the existing owners.

Read more »

Q2 16 – Another quarter with record high operational EBIT

PRESS RELEASE: Q2 16 - Another quarter with record high operational EBIT
(Trondheim, 24. August 2016)



Read more »

Norway Royal Salmon ASA: Annual General Meeting

Annual General Meeting in Norway Royal Salmon ASA (NRS) was held Thursday 26 May
2016 at 01.00 p.m. All the proposals from the Board and the Nomination Committee
were approved by the General Meeting.

Read more »

Best quarterly result in the history of NRS

PRESS RELEASE: Q1 16 - Best quarterly result in the history of Norway Royal Salmon
(Trondheim, 4. May 2016)

Read more »

Tax treatment of dividend shares

Norway Royal Salmon (NRS/ the Company) has registered that the distributed "Share Exercise 2015 form (Aksjeoppgave)" from the Norwegian Tax Authorities, related to the tax liability for the portion of the dividend paid in 2015 as dividend shares, does not treat the taxation of dividend shares in accordance with how NRS have perceived the tax regulations. NRS's assessment is that the portion of the dividend received as dividend shares is not taxable dividend, while the part of the dividend that is paid as cash is taxable dividend.

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Norway Royal Salmon and Aker look to the future of offshore aquaculture

Norway Royal Salmon ASA (NRS) and Aker ASA (Aker) today submitted a joint application for development licenses for the farming of salmon. Together, the companies have developed a new offshore aquaculture farming concept that facilitates sustainable growth in areas that the aquaculture technology thus far has not been able to exploit.   

Read more »

Norway Royal Salmon ASA: NRS acquires remaining outstanding shares in Nord Senja Laks AS for a cash consideration of NOK 70 million

Norway  Royal  Salmon  ASA  ("NRS")  has  today  entered  into an agreement with

Botnhamn  Fisk  AS  to  acquire  135 shares  in  Nord  Senja  Laks  AS  ("NSL"),

corresponding  to  33.3 %  of  the  outstanding  shares  in  NSL  for  a  cash

consideration  of NOK 70 million (the "Transaction"). Following the Transaction,

NRS will own 100 % of the shares in NSL.

Read more »

Norway Royal Salmon with 5 new sites approved by ASC

PRESSRELEASE

Norway Royal Salmon ASA (NRS) received today ASC (Aquaculture Stewardship Council) certification for five of our sites. The sites are Mortensens, Næringsbukta, Klubben, Lille Kvalfjord and Store Kvalfjord in NRS Finnmark AS   

Read more »

Q4 15 – Strong result in the fourth quarter.

PRESS RELEASE: Q4 15 – Strong result in the fourth quarter.

 (Trondheim, 16 February 2016)

Read more »

Press release Q3 15

PRESS RELEASE Q3-15: Operational EBIT before non-recurring costs of MNOK 54  (Trondheim, 10 November 2015)

Today Norway Royal Salmon (NRS) reports an operational EBIT before non-recurring items of MNOK 54 for the third quarter of 2015 and an EBIT per kg of NOK 9.24.

Read more »

ASC CERTIFICATION

Norway Royal Salmon (NRS) has today had its first two production sites authorised according to the Aquaculture Stewardship Council (ASC) standard. 

Read more »

SEAFOOD EXPO IN BRUSSELS WAS A HUGE SUCCESS

From 21–23 April, Norway Royal Salmon participated at the Seafood Expo in Brussels. 

Read more »

Awarded 9 new green licenses in group A

Awarded 9 new green licenses in group A The Ministry of Trade, Industry and Fisheries announced today 22. December 2014

Read more »

1. INTRODUCTION

1.1 These ethical guidelines (“the Guidelines”) are adopted by the Board of Norway Royal Salmon ASA (“the Company”).

1.2 The purpose of the Guidelines is to create a healthy business culture and uphold the Company’s integrity by helping employees to set high standards for good business practice. The Guidelines are further intended to serve as a tool for self-evaluation and to develop the Company’s identity.

1.3 These Guidelines apply to all units that are controlled by the Company and all the Company’s Employees and Board members (together known as “Employees”). All Employees shall read and familiarise themselves with the Guidelines. Employees are encouraged to ask questions relating to the application of the Guidelines. Such questions may be directed to the individual’s line manager, a member of the Company’s executive management or a member of the Company’s Board (“the Board”).

1.4 Individual Employees are ultimately responsible for complying with the Guidelines. Individual managers shall further be responsible for enforcing the Guidelines as they apply to the Employees and the business within the individual manager’s sphere of responsibility.

1.5  Any breaches of the Guidelines will constitute grounds for disciplinary measures, including, if appropriate, dismissal.


2. ETHICS


2.1     The Company’s Guidelines require Employees to comply with high ethical commercial and personal standards in performing their duties and tasks for the Company. Employees shall act honestly and display integrity towards other Employees, business connections and customers, the general public, commerce, shareholders, suppliers, competitors and government authorities.

2.2 When representing the Company, Employees shall not seek to achieve unfair advantage through manipulation, secrecy, misuse of privileged information, erroneous stating of important facts or other dishonest methods.

2.3 The Company’s Guidelines prohibit illegal discrimination against employees, shareholders, Board members, customers and suppliers on grounds of ethnic or national background, age, gender or religion. All individuals shall be treated with dignity and respect and shall not be unduly troubled in the performance of their duties and tasks.

2.4 Employees shall not out of loyalty to the Company or a desire to gain profit for the Company breach applicable legislation or the Company’s internal rules and guidelines.


3. RULES FOR GOOD BUSINESS PRACTICE


3.1    The Company’s values

3.1.1 The Company firmly believes that companies and the local community achieve better results through the businesses displaying local commitment, decision-making authority and ownership.

3.1.2 The Company strives to be a reliable partner through sound business operation, strict discipline, prioritisation of quality solutions, predictable supplies and a high degree of service.

3.1.3 The Company shall adopt a dynamic approach in all areas of the business. This means that the Company shall fulfil its obligations in the shortest possible time, make rapid decisions, however always based on facts, accept changes, deal with new challenges and also be proactive.

3.1.4 The Company shall leverage and develop skills within production, product development and management, where professionalism and best practice shall be key factors.

3.2 Regulations and legislation

3.2.1 The Company’s Employees shall comply with all legislation and regulations that are relevant for the Company’s activities. Each Employee is personally responsible for adhering to the instructions and restrictions pursuant to such legislation and regulations.

3.3 Health, safety and the environment

3.3.1 The Company’s activities shall be run in a manner that maintains the safety and health of the Employees, the customers, the general public and the environment in accordance with applicable legislation and regulations governing health, safety and the environment and in such a way as to safeguard the environment and the Company’s personnel and assets. All Employees shall act in accordance with these Guidelines. Identified or suspected non-compliances with the Guidelines shall be reported without delay.

3.3.2 The Company shall be a professional and positive workplace featuring an inclusive working environment.

3.3.3 All Employees shall help create a working environment free from any discrimination on grounds of religion, colour, gender, sexual orientation, age, nationality, race or disability.

3.3.4 The Company does not accept conduct that could be deemed to be demeaning or threatening.

3.4 Relationships with customers, suppliers and competitors

3.4.1 Customers shall be handled with knowledge, respect and understanding.

3.4.2 Suppliers shall be treated in an honest and professional manner.

3.4.3 The Company wishes to see fair and transparent competition in all markets, both nationally and internationally. Under no circumstances shall the Company or any of its Employees participate in actions in breach of applicable competition legislation. Employees who have questions with regard to possible anti-trust effects of certain transactions, or who suspect breaches of anti-trust legislation, should consult with their line manager, executive management or the Board.

3.4.4 The Company strongly opposes all forms of corruption (bribery, illegal inducements, etc.). None of the Company’s Employees shall directly or indirectly offer, promise, give or receive bribes, illegal or unsuitable gifts, or other unfair advantage or remuneration in order to achieve commercial or other personal advantage.

3.5 Money laundering

3.5.1 The Company strongly opposes all forms of money laundering. The Company will take the measures that are required to prevent the financial transactions they enter into being used by others for money laundering. Employees who suspect breaches of applicable anti-money-laundering legislation should consult with their line manager, executive management or the Board.

3.6  Loyalty and conflicts of interest

3.6.1 The Company demands loyalty from its Employees, and that Employees abstain from actions or from having interests that make it difficult to perform the work they have been entrusted with in an objective and effective manner.

3.6.2 Individual Employees shall inform their line manager, executive management or the Board of situations where they have a material direct or indirect interest in a transaction or any other matter relating to the Company.

3.6.3 Conflicts of interest should be avoided. Should a conflict of interest arise, each individual Employee shall assess the situation and inform his/her line manager of any particular partiality or conflict of interest. Situations involving conflicts of interest may relate to, but shall not necessarily be restricted to, customers, suppliers, current or future employees, competitors or other connections.

3.6.4 Employees undertake to promote the Company’s legitimate interests when they have the opportunity to do so. Employees shall not personally utilise opportunities they encounter in using the business’s property or information or their position in the business.

3.7  Confidentiality and duty of secrecy

3.7.1  It is important that individual Employees maintain a duty of secrecy concerning information relating to the Company. Employees often have access to confidential information subject to a duty of secrecy concerning the Company’s activities, customers and suppliers. Information subject to a duty of secrecy includes non-public information regarding the Company’s activities, financial performance and prospects, and potential company transactions. Employees shall maintain a duty of secrecy with regard to such information both during and after the employment relationship, and shall not use, forward or notify the information subject to a duty of secrecy, unless this is done in the exercising of the Employee’s position. If confidential information is forwarded without permission, this could have serious consequences for the Company and the relevant Employee.

3.7.2 The Company shall handle personal information with the attentiveness and consideration required in accordance with legislation and regulations and which are relevant for information which could be deemed to be sensitive, regardless of whether the information relates to customers, employees or others. Personal information should only be handled to the extent that such is necessary for the operation of the business, efficient customer service, relevant marketing activities and proper personnel management.

3.8 Proper use of the Company’s assets

The Company’s assets shall be used solely for legal business purposes and only by authorised Employees or persons appointed by these. This applies to tangible assets (e.g. office equipment, phones, photocopiers, etc.) and intangible assets (e.g. business secrets and information subject to a duty of secrecy). Employees are responsible for protecting the Company’s assets against theft and loss and ensuring that these assets are used efficiently. Theft, carelessness and waste have a direct influence on the Company’s profitability. If an Employee becomes aware of a case of theft, waste or misuse of the Company’s assets, the party in question shall report this to his/her superior or to a member of the Board.

3.9  Drugs and alcohol

The Company’s Guidelines prohibit the illegal use, sale, purchase, transfer, possession or consumption of controlled substances on the Company’s premises, with the exception of for prescribed, medicinal use. The Company’s Guidelines also prohibit the use, sale, purchase, transfer or possession of alcoholic drinks on the Company’s premises, except with the permission of the Company. In accordance with these Guidelines, the Company shall comply with applicable legislation and regulations concerning the use of alcohol or other controlled substances.

3.10 External communication

Only specifically appointed Employees may discuss the Company with the media, analysts and investors. All enquiries from supervisory authorities or government representatives shall be referred to the relevant manager. Employees who come into contact with the media in their work must not comment on rumours or speculation concerning the Company’s activities.

3.11 Securities trading

3.11.1  Employees and members of their family must not purchase or sell shares or other securities or give advice on trading in securities based on inside information regarding such securities, including the Company’s shares and shares in companies who are customers, suppliers or partners of the Company.

3.11.2 Inside information is information which can notably influence the price of the shares of the Company or other listed companies. If you have any doubt as to whether you have access to inside information, you should contact your line manager or the Company’s representative responsible for matters concerning insider trading, and if necessary consult a legal adviser.

3.11.3 Members of the Board and executive management, and certain other individuals are subject to further requirements in accordance with the Company’s rules on insider trading.

3.12  Integrity of Company documents

3.12.1  All business documents, cost accounts, vouchers, invoices, payroll lists, service records, reports to public bodies and other reports shall reflect the actual conditions.

3.13  The Company’s financial statements shall be maintained with watchfulness and honesty, and shall accurately reflect the Company’s transactions. All assets shall be recorded in accordance with the Company’s adopted procedures. No hidden or non-recognised funds or assets may be established for any purpose.

3.14 The Company’s accounting personnel shall provide the Company’s external auditors and the Board with all the information they request. No Employees shall on their own perform, order or allow others to perform actions with the intention of dishonestly influencing, coercing, manipulating or misleading the Company’s external auditors who are involved in auditing or checking the Company’s financial statements, or omit to correct materially erroneous or misleading financial statements or accounting documents in order to achieve materially misleading financial statements.


4. REPORTING OF BREACHES OF RULES


Employees who become aware of a situation they suspect to be in breach of the Guidelines undertake to inform their line manager, executive management or a member of the Board, unless the Guidelines instruct otherwise. Breaches of rules involving a manager shall be reported directly to a member of the Board. When a manager is notified of breaches of the Guidelines the manager is responsible for dealing with the matter in consultation with a member of the Board. If an Employee who has reported breaches of the Guidelines wishes to remain anonymous, all reasonably expected measures shall be taken to keep the identity of the Employee confidential. All referrals shall be taken seriously and reporting of breaches of the Guidelines shall where appropriate be examined in more detail. The Company shall not take, or allow reprisals to be taken, against an Employee who has reported a situation in good faith.

Read our Privacy policy here


Business contact information and newsletter/stock exchange reports

This Privacy Policy sets out how Norway Royal Salmon, being the controller, may use, process and store your personal information as one of our business contacts.


1.  Why we collect your personal information, and what information we may collect

We may collect your name, email address and phone number to perform services as agreed between you or the company you work for and us. This information may be used in connection with billing and information exchange, answering inquiries and sending newsletters/stock exchange reports. Our processing of personal information is based on our legitimate interests.

 

2.  Sharing of personal information with third parties

We do not sell or disclose your personal data to other companies. We may use third party data processors to process personal information on our behalf. We have entered into data processing agreements with all data processors we work with in order to ensure information security.

We do not transfer personal information to countries outside the EU/EEA.

 

3.  Retention time

We retain your personal information for as long as necessary for our business purposes and, if relevant, according to mandatory legislation.


4.  Your rights

You have the right to request access, rectification or erasure of your personal information. Further, you have the right to restrict our processing and to object to our processing. To exercise your rights, please contact us, see contact information below. We will respond to your inquiry as soon as possible and at the latest within 30 days.

If you believe that our collection, storage and use of personal information does not comply with our Privacy Policy or does not comply with applicable law, you may complain to the supervisory authority (Datatilsynet).


5.  Changes to our Privacy Policy

We may change this Policy from time to time in the future. Any such changes will be posted in our newsletter and where appropriate, notified to you in writing.


6.  Contact information

If you have any concerns or requests relating to our processing of your personal data, you are welcome to contact us. See our contact information below:

Contact person: Hanne-Guri Haug

Phone number: +47  91 393 403

Email address: Hanne-Guri.Haug@salmon.no