Norsk Hydro ASA
Statement of Support
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.
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