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This document outlines Nokia\'s commitment to human rights, responsible sourcing, and compliance with the Norwegian Transparency Act. It details the company\'s human rights due diligence processes,
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01
Gather necessary information about your company's operations and supply chain.
02
Identify potential human rights and anti-corruption risks associated with your business activities.
03
Conduct a detailed assessment of the risks identified, including consultations with stakeholders.
04
Draft the transparency act statement, ensuring it clearly outlines your company's policies and measures to mitigate risks.
05
Review and revise the statement for accuracy and comprehensiveness.
06
Publish the statement publicly, making it accessible to all relevant stakeholders.
07
Monitor and update the statement periodically to reflect new risks or changes in operations.

Who needs norwegian transparency act statement?

01
Any company that operates in Norway or has significant business activities related to Norway, including foreign enterprises.
02
Companies above a certain size threshold in terms of revenue or employee count.
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The Norwegian Transparency Act statement is a required disclosure document that outlines a company's commitments and efforts towards transparency in their operations, particularly regarding human rights and environmental impacts in their supply chains.
Companies with an annual turnover exceeding NOK 70 million and that are registered in Norway or operate in the country are required to file a Norwegian Transparency Act statement.
To fill out the Norwegian Transparency Act statement, companies must assess their supply chains, gather relevant data about their practices, complete the prescribed format which includes information on risk assessment, measures taken, and results, and then submit it to the appropriate authorities.
The purpose of the Norwegian Transparency Act statement is to promote corporate responsibility and accountability regarding human rights and environmental sustainability by requiring companies to disclose their efforts and strategies to mitigate potential risks in their operations.
The Norwegian Transparency Act statement must report information on the company's risk assessment regarding human rights and environmental impacts, measures taken to address identified risks, the results of these measures, and an outline of the company's overall approach to ensuring corporate social responsibility.
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Norwegian Transparency Act human rights Nokia supply chain responsibility sustainability ethical sourcing modern slavery child labor corporate responsibility stakeholder engagement

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