Ethics and compliance
A compliance culture
Our compliance culture is rooted in our core values – bringing passion, building trust and creating value.
Thanks to our dedicated compliance team, we continuously remain on top of regulatory changes. They also provide our people with expert advice and the necessary knowledge, tools and training to navigate ethical challenges.
Our principles:
- Integrity, transparency and accountability: These principles shape our decisions and ensure we operate within legal frameworks.
- Zero tolerance: We strictly prohibit corruption, fraud and unethical conduct, adhering to anti-money laundering laws, sanctions regulations and competition laws.
Know your customer
To support transparency and compliance in our trading relationships, we provide a comprehensive KYC framework.
Conducting business transparently
As a wholly-owned subsidiary of Norwegian energy major Equinor, we have adopted their Code of Conduct, since it fully aligns with our principles and values.
The Code of Conduct communicates our position and commitment to ethical business practices and integrity.
Help us by speaking up
We encourage our people and partners to speak up whenever they see unethical behaviour that conflicts with our values or threatens our reputation.
Our whistleblower scheme ensures you can easily report potential misconduct. It’s open to employees, former employees, third parties and anyone else who wants to raise concerns about our company’s activities.
Regulatory information
Intragroup exemptions – EMIR
On October 26 2022 the Danish Financial Supervisory Authority (DFSA) granted a full exemption to Danske Commodities A/S and two affiliates, also subsidiaries of Equinor ASA, pursuant to Art. 11(7) of Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”) from margining requirements in regards to European Emission Allowances (notional aggregate amount EUR 411m) traded between the companies.
On September 20 2023 the DFSA extended the full exemption to Danske Commodities A/S and Equinor ASA from margining requirements to include specified Commodity Derivatives (notional aggregate amount EUR 402m) traded between the companies.
Monitoramento de Mercado – Brasil (Market Monitoring – Brazil)
Conforme Manual de Monitoramento Prudencial e Resolução Normativa ANEEL nº 1.072/2023, o Fator de Alavancagem das comercializadoras deve ser publicado semanalmente. Atualmente, o Fator de Alavancagem da Danske Commodities é de 0,000.
According to the Market Monitoring Manual and ANEEL Resolution no. 1.072/2023, the Leveraging Factor of power traders must be made public weekly. Current, Danske Commodities’ Leveraging Factor is 0,000.
