Here at Nel, we believe that good corporate governance builds confidence among shareholders, employees, partners, customers, and other stakeholders, and thereby supports maximum value creation over time.

As a company which conducts business on all continents, our compliance system is vital in order to achieve sustainable value creation and a robust culture.

Nel group management

Board members

Code of Conduct

Our Code of Conduct is based on principles of business ethics which are fundamental to Nel. The Code of Conduct includes mandatory requirements for everyone who works in Nel or acts on behalf of Nel.

Compliance with applicable national and international laws and regulation is mandatory for all our activities. Further, we must ensure that we conduct our business with the highest integrity, respecting the cultures, dignity, and rights of individuals in all the regions where we operate.

The Code of Conduct is our guide to ethical business practice. It reflects Nel’s values and our belief that conducting business in an ethical and transparent manner is not just the right way to work, but the only way to conduct our business.

If anything is unclear or you have any questions about the Code of Conduct, you should seek guidance from your manager or other internal resources. I further strongly encourage all employees and stakeholders to ask questions if you observe any suspicious behavior and/or possible violations of the Code of Conduct.

Any report of concern can be done through one of our reporting channels.

- Jon André Løkke, CEO


Our remuneration principles are designed to ensure responsible and sustainable remuneration practises that support our business strategy, long-term interests, and sustainable business practises.

We have a leading role within the global hydrogen industry, and as such we compete for senior management talent within the industry in all its locations worldwide.