The transparency act
There is a general desire for more transparency regarding the production of goods and the provision of services, especially relating to how businesses respect fundamental human rights and decent working conditions as part of these processes. It is hoped that the Act will lead to improvements in these areas and that the information available will allow consumers to make more informed choices.
« The Act shall promote enterprises’ respect for fundamental human rights and decent working conditions in connection with the production of goods and the provision of services and ensure the general public access to information regarding how enterprises address adverse impacts on fundamental human rights and decent working conditions ».
Various international guidelines already impose requirements for due diligence and transparency, but these are voluntary.
Certain of these requirements are now a legal obligation under the new Norwegian Transparency Act.
The Transparency Act entered into force in Norway on 1st July 2022.
NFM Group AS strives to ensure that all our subsidiaries, partners, representatives, suppliers, and subcontractors are following the OECD due diligence guidelines for responsible business conduct by conducting due diligence assessments. This to ensure that our business environment is respecting the fundamental human rights and offering decent working conditions. This act applies to NFM Group AS and its subsidiaries.