Norsk Hydro ASA

Norsk Hydro ASA is a global supplier of aluminium with activities throughout the value chain, from bauxite extraction to the production of rolled and extruded aluminium products and building systems. The company operates one of the world's largest bauxite mines and the world's largest alumina refinery, both of which are located in Brazil. Hydro has primary metal production facilities in Europe, Canada, Australia, Brazil and Qatar.
Supporter since 2005
Supporting Company through membership of ICMM

Statement of Support

Hydro’s purpose is to create a more viable society by developing natural resources into products and solutions in innovative and efficient ways. We support the EITI’s work to increase transparency and disclosure as a vehicle to build trust between governments, companies and civil society, which is a precondition for progress that benefits everyone. Hilde Merete Aasheim, President & CEO at Norsk Hydro ASA.

Engagement with the EITI 

Hydro has disclosed payments to host governments according to the EITI Standard since 2005. In the countries where the company has operations, Hydro publishes its payments to authorities per project in the country by country section of its annual report. The company’s annual reports can be seen here. 

Strengthening transparency  

Hydro's country by country report has been developed to comply with legal requirements as stated in the Norwegian Accounting Act §3-3d and the Norwegian Security Trading Act §5-5a, valid from 2014. According to the Norwegian Accounting Act, the country by country reporting should be on a project level and payments should be reported per public authority.  

Hydro reports according to the GRI Standards. These standards are for voluntary use by organizations for reporting on economic, environmental and social dimensions of their activities, products and services

Link to the statement of support on Hydro's website

Statement of Support to the EITI on Hydro's website