The Transparency Act

There is a general desire for more transparency regarding the production of goods and the provision of services, especially related to how businesses respect fundamental human rights and decent working conditions as part of these processes. The act ensures public access to information on how each business handles any negative consequences for human rights and working conditions.

The law applies to larger companies based in Norway that offer goods and services in or outside of Norway.

Larger companies are defined as follows:

  1. Sales revenue: 70 million NOK
  2. Balance sheet total: 35 million NOK
  3. Average number of employees in the financial year: 50 full-time equivalents

Due Diligence Assessment

Based on the above definition, Fremtind Service is covered by the Transparency Act and is obliged to carry out due diligence assessments. Due diligence assessments refer to:

  1. Embedding accountability in the company's policies
  2. Mapping and assessing actual and potential negative consequences for fundamental human rights and decent working conditions that the company has caused, contributed to, or that are directly linked to the company's business operations, products, or services through supply chains or business partners
  3. Implementing appropriate measures to prevent, minimize, or limit negative consequences based on the company's priorities according to point 2 limit
  4. Communicating with affected stakeholders and license holders about how negative consequences have been addressed according to points 3 and 4
  5. Ensuring and cooperating in remediation and compensation where necessary.

Revised due diligence assessments are published annually.

Through its mapping process, Fremtind Service has not identified any negative consequences for fundamental human rights and decent working conditions resulting from our work.

Potential negative consequences will primarily be related to the company's HR and procurement functions, as well as services/systems/products provided by the suppliers we have agreements with.

Through our ISO 9001:2015 certification, we have established policies and procedures for the company's most critical processes, as well as systematic follow-up and evaluation of these processes.

Below is an overview of the measures established to limit/prevent negative consequences for fundamental human rights and decent working conditions according to point b.

• Monthly risk assessment reported to the company's board
• Monthly supplier evaluation of relevant suppliers
• Signature from our suppliers confirming that they and their subcontractors will have decent working and wage conditions
• Adherence to ethical guidelines from Fremtind (the parent company)
• Established reporting procedures for whistleblowing cases
• Incident registration system with subsequent incident management
• Emergency preparedness plan

In addition to the above, the company will obtain due diligence assessments from the suppliers we have agreements with during 2023. When entering into agreements with new suppliers, requirements will be set for the supplier to provide a due diligence assessment.

The next assessment will be published in January 2024.