The Transparency Act
The Norwegian Transparency Act requires large companies to apply risk-based human rights due diligence and to report on how they prevent their operations from negatively impacting people and the environment.
Small and medium-sized enterprises are indirectly affected by these requirements, as large companies must monitor the risks within their supply chains.
I am happy to have a brief, non-binding conversation about what you know — or think — you might need help with.
Companies are expected to exercise due diligence to avoid having negative impacts on people or the environment. For large corporations, being able to report on this work is a legal requirement in Norway.
The Importance of Prioritization
Companies must have robust procedures for identifying and managing risks, and focus their resources on the right types of risk.
Mobilizing the entire team
Companies need information channels that reach the whole organization to spot risks. Managing these risks effectively depends on key people knowing their roles.