Transparency
Compass
In the recent years there has been initiated work with several new laws and regulations intended to promote ESG and sustainability. In the area of social sustainability, the Norwegian Transparency Act, which entered into force 1 July 2022 is of great importance. In addition to larger enterprises that are resident in Norway and offer goods or services in or outside Norway, the Act also applies to certain larger foreign enterprises. Thommessen has developed a service where you can test whether your enterprise is subject to the Act. The test only takes a few minutes to complete.
About the Transparency Act
The Transparency Act (LOV-2021-06-18-99) requires that larger enterprises carry out due diligence assessments related to fundamental human rights and decent working conditions, publicly report on these due diligence assessments and provide information upon request.
The purpose of the Act is to promote enterprises' respect for fundamental human rights and descent working conditions in connection with the production of goods and the provision of services. In addition, the Act ensures the general public access to information regarding how enterprises address adverse impacts on fundamental human rights and decent working conditions.
An English version of the Act is available here
About this test
Please note that this test is only intended as an information service and does serve as a substitute to specific legal advice. The users of this service should not rely solely on the information obtained therefrom, but always seek professional legal assistance. Thommessen takes no responsibility for information in this service that should prove to be inaccurate, incomplete, outdated or incorrect. If you have general questions related to the service itself, please contact us at sustainability@thommessen.no.