Corporate Governance
Agua Imara’s philosophy incorporates ethical behaviour in all our dealings, responsible and sustainable development of renewable energy, upliftment of local communities and transfer of expertise and modern technologies into our core markets in Africa and Central-America. 

Our business principles endeavour to deliver sustainable growth of our investments and value to host communities.
Agua Imara complies with international governance practices.

We are commited to transparency and openness throughout our business and have integrated corporate responsibility and sustainable development into our governance structures and procedures.
Corporate government principles

Our principles are based on The Norwegian Code of Practice for Corporate Governance which covers:

  • Rationale for operation
  • Governance structure
  • Information and communication
  • Our Business Principles

We are proud to present our Business principles:

Delivering Sustainable Growth 

Agua Imara is committed to creating long-term value for its shareholders and the countries in which it operates by investing in and operating profitable renewable energy projects. To deliver sustainable growth, we include appraisal of the risks and rewards as well as sustainable development considerations (economic, social and environmental) as key criteria for our investment and divestment decisions. 
  

Acting Responsibly and Being Transparent  

We commit to being responsible and transparent, and expect the same from all those with whom we do business.
 We do not offer, pay, promise, or take bribes or kickbacks. We do not accept or offer gifts, gratuities, entertainment or favours unless they are of nominal value and are normal and customary in the business circumstances. 

We reflect all business transactions accurately and fairly in the accounts of the company in accordance with established procedures and subject these records to audit and disclosure.
 We do not seek to influence political processes in an unfair or un-transparent manner.

We do not make contributions to political parties, or their representatives.
We require our employees to avoid conflicts of interest between their private activities and their role in the company’s business activities.   

Safeguarding the Environment   

We are committed to safeguarding the environment for future generations. 
We work actively to develop renewable energy projects and increase the availability of renewable energy. We apply energy efficient technologies wherever possible. We apply the precautionary principle and try to minimize potential negative effects on the environment through a combination of careful planning, design adjustments and operational improvements to our projects and plants.    

Delivering Value to Host Communities 

We are committed to developing our business in a way that adds value in the local communities and the countries in which we operate.
We seek to establish a regular and open dialogue on environmental and social performance with host communities and other stakeholders and pay special attention to the needs and concerns of vulnerable groups.

We aim to reflect the priorities and concerns of local communities in our decision-making processes and we try and minimize potential negative effects through a combination of careful planning, design adjustments and operational improvements. 
We engage actively in knowledge and skills transfer so that our host communities and countries benefit both in the short and long term from our projects.   

Developing our People   

Agua Imara is committed to developing a culture in which all employees are challenged and have the opportunity to develop and utilize their talents. We aim to create a dynamic work environment where the merit, insight, entrepreneurial initiative and hard work of our employees are rewarded. 

We actively recruit skilled men and women with integrity from a variety of professional backgrounds and nationalities. 
We will not discriminate against any individual on the basis of race, colour, sex, national origin, age, religion, marital status, sexual orientation, or disability, and we recognize the right of our employees to negotiate collectively, to freedom of association and free speech.   

Promoting Health and Safety   

We make occupational health and safety a primary focus in the planning, design, construction, operation and maintenance of our projects. Agua Imara is therefore committed to continuous improvement in this area.
 Agua Imara’s objective is to aim for a zero accident and injury rate for all operations and all projects in all of their phases.  

Supporting Human Rights 

We support the fundamental human rights outlined in the United Nations Universal Declaration on Human Rights, as well as the 10 principles of the United Nations’ Global Compact. 

Agua Imara does not provide employment to children before they have reached the age to have completed their compulsory education, as defined by the appropriate authorities in the countries where we operate.
 We act in accordance with the International Labour Organization Convention (ILO) 138 on the minimum age for employment and the ILO Convention 182.

The Norwegian Code of Practice for Corporate Governance

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Towards the mission
If Agua Imara successfully carries out the measures laid out in its strategic direction, by 2015 the Group will have taken a major step toward realisation of its mission:

"To become a leading renewable energy company in Africa and Central America with a main focus on hydropower, contributing to economic growth and sustainable development”
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