Responsible business practices and sustainable development principles are the cornerstones of everyday operations at RAO Nordic Oy.
We take the challenges that the global society is facing these days very seriously. As a part of Inter RAO Group, RAO Nordic is committed to creating a sustainable system with the competent usage of resources and high efficiency of all business activities.
On the Group level, we aim to contribute to each of the 17 UN Sustainable Development Goals, yet the main focus and Group business strategy is centred around the following four:
SDG 7. Affordable and clean energy. Given the constant growth of the world's population and the ever-increasing demand for electricity, Inter RAO Group is striving to become a leader in providing organizations and households with affordable and reliable energy.
SDG 8. Decent work and economic growth. Employee relations are of particular importance at RAO Nordic Oy. We believe that each and every individual contributes to the company’s success. RAO Nordic is committed to providing all employees with a safe and inspiring working environment, where everyone can carry out high-quality work in a well-managed organisation. RAO Nordic is also among the top 200 largest companies of all sizes and industries in Finland in terms of turnover.
SDG 9. Industry, innovation and infrastructure. Inter RAO Group strives to scientific and technological leadership in the sector by implementing an R&D program aimed at the development and implementation of innovative solutions and advanced technologies. Meeting the integrated innovation indicator is one of the priority KPIs for Inter RAO leadership. Considering the nature of the Group’s activities, the primary goal is the development of an energy infrastructure.
SDG 13. Climate action. The carbon intensity target of the Group is to reduce the level of specific greenhouse gas emissions in 2030 by 7% compared to 2019.
We act in accordance with the Code of Corporate Ethics and adhere to the Sustainable Development Policy of our parent company PJSC “Inter RAO”, honouring the importance of integrity, transparency, social responsibility, innovative development, and energy efficiency. Ethical operating standards and practices are our top priorities.
Due to the nature of our business – commodity futures trading always implies substantial risks – risk management plays an essential role at our company. At RAO Nordic, strict risk management procedures are in place to ensure that the inherent risks are always measured and continuously controlled by limits, as described in the Risk Management Policy.
Solid corporate government mechanisms at RAO Nordic guarantee compliance with Finnish and European laws, industry-specific requirements, and internal corporate standards and administrative documents in all operational processes.
Responsible business practices are the cornerstones of everyday operations at RAO Nordic Oy. We act according to the Code of Corporate Ethics that honours the importance of integrity, transparency,social responsibility, innovative development and energy efficiency. Ethical operating standards and practices are our top priorities.
Solid corporate government mechanisms at RAO Nordic Oy guarantee compliance with the Finnish and European laws, industry-specific requirements and internal corporate standards and administrative documents in all operational processes.
Due to the nature of our business, as commodity futures trading always imply substantial risks, risk management plays an essential role at our company. At RAO Nordic, risk management procedures are in place to ensure that the inherent risks are always measured and continuously controlled by limits, as described in the Risk Management Policy.
Employee relations are of particular importance at RAO Nordic Oy. We believe that each and every one contributes to the company’s success. RAO Nordic is committed to providing all employees a safe and inspiring working environment, where each individual can carry out high-quality work in a well-managed organisation.
Acting under the Code of Corporate Ethics and as a part of anti-fraud and anti-corruption measures, we have established a hotline. Hotline is the system for collecting and processing information about violation of laws, regulations or the Code of Corporate Ethics.
Using the Hotline, employees of RAO Nordic Oy and any interested persons can provide information about imminent or accomplished facts of corruption, fraud, and theft; violations in procurement procedures; violations of antimonopoly laws; abuse of office and overreaching official powers; violations of insider information laws; GRPR violations; or other violations of the Code of Corporate Ethics or actions (omissions) that cause or may cause damage to the property or business reputation of the company.
We adhere to a policy of zero tolerance for any violations of the law and the Company's internal regulations, and we are grateful to you for any calls to the Hotline that will help to prevent and eliminate the abovementioned violations.
Any message can be sent to the Hotline anonymously. However, provision of the informer's contact details allows us to get all the necessary information for the subsequent effective consideration of the message and provide feedback. Information can also be sent directly to hotline@raonordic.com
We kindly ask you not to send deliberately false or irrelevant information.
RAO Nordic is a leading importer of electricity from Russia to Nordic markets.
