Åpenhetsloven – The Norwegian Transparency Act
Åpenhetsloven was passed by Norwegian parliament in June 2021 - requiring companies to take responsibility for human rights and working conditions. Find out how you can ensure your company is complying with the legislation.
KNOWLEDGE
Understanding
It is easy to feel overwhelmed by this new era of ESG supply chain regulation. New regulations are emerging across the globe, and it can be difficult to keep up. Download our short guide to explore our introduction to Åpenhetsloven, and key steps to ensuring you are compliant.
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COMPLIANCE ROADMAP
How to improve your supply chain resilience and long-term sustainability
With a methodical risk based approach improving the overall sustainability of your organisation is possible.
Step 1: Identify and Prioritse Risk
Identify potential risks in the supply chain, such as forced labour, child labour, and environmental pollution.
Companies should prioritise risks based on their severity and likelihood of occurring.
Step 2: Conduct Due Diligence
Once risks are identified, companies should conduct appropriate levels of due diligence on their suppliers to assess their compliance with relevant laws and standards.
This may include conducting audits, site visits, or engaging with stakeholders.
Step 3: Mitigate Risks
Companies must take steps to mitigate identified risks in their supply chains.
This may involve communicating and collaborating with suppliers to address non-compliance, terminating relationships with non-compliant suppliers, or providing training and capacity building.
50 million
The number of people estimated to be living in Modern Slavery conditions in 2021
– International Labour Organisation
THE SOLUTION
Achilles: Building Sustainable Supply Chains
Our services are designed to reduce third-party risk and operational disruption to improve compliance - every step of the way.
If you would like to be more knowledgeable and have more confidence in your ability to comply then speak to Achilles about how we can make the whole transition much much easier. Meet increasing supply chain due diligence requirements can be a lot of work, so Achilles is here to ensure a smooth and rigorous process. Find out more about working with Achilles, look to trusting your supply chain risk management to a company with over 30 years of experience in this field.
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The Achilles Supply Chain Resilience Index is a indicator of the global business climate, which is viewed as one to keep an eye on for many reasons. It combines Achilles’ own assessments of supplier performance as well as external supply chain issues along with financial pressures that there may be in the current market.
Get ReportManaging your supply chain risk is a key part to supply chain due diligence. Find out where to start right here.
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New Report Published: Modern Slavery on the Increase
Find out how a new report highlights increases in modern slavery and exploitation.
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