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TITLE DATERESPONSIBLE BUSINESS CONDUCT Account 2024 for compliance to the Norwegian Transparency Act References: LOV2021061899 dated 01.07.22. Act relating to enterprises\' transparency and work on

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How to fill out norwegian transparency act statement

01

Understand the requirements of the Norwegian Transparency Act.

02

Gather relevant information regarding the supply chain and business practices.

03

Identify and assess potential risks related to human rights and working conditions.

04

Compile data on suppliers, including where they are located and their compliance with labor laws.

05

Establish a plan to communicate with stakeholders about your findings.

06

Draft the statement, ensuring it is clear and comprehensive.

07

Review and fact-check all information included in the statement.

08

Submit the statement through the appropriate channels as required by the law.

09

Keep the statement updated regularly to reflect any changes in compliance or risk assessments.

Who needs norwegian transparency act statement?

01

Companies with operations in Norway or that are part of the Norwegian supply chain.

02

Large enterprises meeting the threshold criteria set by the Norwegian regulations.

03

Businesses that partner with Norwegian entities and are subject to the Transparency Act.

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What is norwegian transparency act statement?

The Norwegian Transparency Act statement is a report required from certain companies that highlights their efforts in promoting transparency in their operations, particularly concerning human rights and environmental responsibilities.

Who is required to file norwegian transparency act statement?

Companies registered in Norway and entities that meet specific size and operational criteria, such as having a significant turnover or working with public contracts, are required to file a Norwegian Transparency Act statement.

How to fill out norwegian transparency act statement?

To fill out the Norwegian Transparency Act statement, companies need to assess their operations, identify relevant risks related to human rights and environmental impact, and compile a report that includes their policies, risk management processes, and actions taken.

What is the purpose of norwegian transparency act statement?

The purpose of the Norwegian Transparency Act statement is to enhance corporate accountability and encourage businesses to engage in responsible practices concerning human rights and environmental issues.

What information must be reported on norwegian transparency act statement?

The statement must include information about the company's policies on human rights and environmental issues, risk assessments conducted, management systems in place, and measures taken to mitigate identified risks.

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