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The Transparency Act

The Openness Act came into force in 2022. The purpose is to promote companies’ respect for basic human rights and decent working conditions in connection with the production of goods and the provision of services. Including the impact of international guidelines and principles for responsible business, such as the OECD guidelines for multinational companies and the UN Guiding Principles on Business and Human Rights (UNGP) (PDF).

 

The Act deals with businesses’ transparency about work related to safeguarding basic human rights and decent working conditions. Businesses covered by the Act must:

 

  • Carry out due diligence assessments to map and manage risks of negative impact on human rights and decent working conditions in own business, supply chains and with business partners.
  • Publish an account of the due diligence assessments, including information on actual and potential negative consequences relating to the business, supply chains and business relationships, as well as which measures have been implemented to stop or limit these consequences.
  • Follow up and respond to requests for information related to how the business works with the topic.

 

In the spring and summer of 2023, Norsk Autoformidling Group AS carried out a comprehensive and thorough due diligence assessment with a view to the requirements of the Transparency Act. The assessment has also been carried out for all subsidiaries,

 

For questions related to Norsk Autoformidling Group’s work with the Transparency Act, please contact chairman Atle Lassegård .