The Transparency Act entered into force on 1. July 2022. Is your business well-improved and do you have the processes in place? Pursuant to section 4 of the Act, businesses must “anchor responsibility in the company’s guidelines”. In this article you can read more about this topic. Anchor accountability in the board The Transparency Act … Read more
The Norwegian Transparency Act requires over 9,000 Norwegian companies to monitor human rights in their own operations and supply chain. Foreign businesses may also be covered. In this article you can read more about the requirements required under the Transparency Act for non-Norwegian companies. The Transparency Act for foreign businesses The Transparency Act is one … Read more
The deadline for reporting under the Transparency Act is fast approaching. 30. June 2024, all businesses covered by the Transparency Act must publish the report. Here are the rules you must remember! What is a report under the Transparency Act? All businesses that are covered by the Transparency Act must publish an account of their … Read more
At a time when corporate social responsibility and human rights are receiving increasing attention, governments around the world are taking steps to ensure that companies maintain ethical standards. The Norwegian Transparency Act is one such piece of legislation that aims to hold companies accountable for their actions and promote transparency in their operations. In this … Read more
The Transparency Act requires businesses that are covered by the legislation to carry out due diligence assessments of their suppliers. In the due diligence assessments, the businesses must investigate potential and actual negative consequences on basic human rights and decent working conditions. Furthermore, an explanation of the findings must be prepared and published on the … Read more
The purpose of the Openness Act is to give the general public access to information about how human rights and working conditions are handled by Norwegian businesses, this includes the law’s information requirements. The law must also give businesses awareness of their influence on negative consequences for suppliers and business partners. Information requirements in the … Read more
The Transparency Act has three main duties, the first is to carry out due diligence assessments of suppliers in order to promote businesses’ respect for basic human rights and decent working conditions, as well as ensure the public’s access to information. The next is the duty to provide information if someone requests information and finally … Read more
There is still uncertainty around the Transparency Act, how to carry out due diligence assessments and what is the duty of businesses. In this article, we want to illustrate how you can easily carry out, process and process due diligence assessments of your suppliers. Due diligence assessments according to the Transparency Act What are due … Read more
We constantly get questions from companies we are in contact with, whether there are templates for the Transparency Act as well as guides for handling the Transparency Act. We at Share Control have therefore spent a lot of time developing material such as templates and guides, to make it easier for our customers to enforce … Read more
What is the Transparency Act? The Transparency Act is a Norwegian law passed by the Storting, which entered into force on 1 July 2022. The aim of the Act is to promote businesses’ respect for human rights and decent working conditions, and to ensure the public’s access to information. The Act applies to larger enterprises … Read more
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