The Norwegian Transparency Act

The Norwegian Transparency Act entered into force on 1 July 2022. The purpose of the law is to promote companies’ respect for basic human rights and decent working conditions for business associates and in supply chains. An essential part of the law is to ensure the public’s access to information regarding these matters and how companies handle them.

The law entails the duty to perform and account for human rights due diligence assessments. Human rights due diligence assessments mean that companies must identify possible negative consequences for basic human rights and decent working conditions related to production and supply chains, implement improvement measures, follow up and report.