Corporate Social Responsibility Principles


Targovax ASA (the “ Company” and together with its subsidiaries, the “ Group”) has identified certain basic principles for corporate social responsibility that apply in all aspects of the Group’s business and operations. The principles are outlined below.

The Group’s corporate social responsibility principles are prepared in light of the United Nations Global Compact principles for corporate social responsibility in the business community, and general Norwegian corporate social responsibility standards.

Board members of the Group shall act in accordance with these principles when acting on behalf of the Group.


Social commitment

Through its core business, the Group seeks to create meaningful medicines to help patients live longer.

Business conduct

The Group shall promote high standards of business and ethics, and shall practice fair dealing, honesty and integrity in every aspect its business. It is the Group’s policy to adhere to all applicable laws and governmental rules and regulations wherever the Group operates.


The Group operates with zero tolerance for corruption in any form. Anti-corruption guidelines are implemented through the Group’s Code of Conduct, applicable to all employees, and shall be promoted as a part of the Group’s corporate culture.

Human rights

The Group supports and respects the protection of internationally proclaimed human rights, and shall strive to ensure that the Group and its employees do not abuse, or are complicit in the abuse of, human rights.

Labour rights and work conditions

The Group shall comply with all relevant legislation regarding workplace and labour standards. The Group strives to ensure good working conditions, with strict requirements with regard to health, safety and environment. The Group shall promote respect for labour rights in our relations with business partners.


The Group considers openness and freedom of speech important for the Company, for the working environment and for our employees’ well-being. Illegal or unethical conduct may damage the working environment, for both our employees and the Group. The Group has implemented guidelines on notification of censurable conditions (whistleblowing) in the Code of Conduct applicable to all employees and the Board.

Environmental responsibility

The Group shall strive to conduct its operations with minimal impact on the environment.


The Group shall regularly ensure compliance with the Corporate Social Responsibility Principles through internal control and external audits.

All violations of the Corporate Social Responsibility Principles shall be reported to the Group’s CFO or to the Board.

These principles for Corporate Social Responsibility shall not be interpreted as giving any rights to customers, suppliers, competitors, shareholders or any other person or entity.