The Transparency Act
Account of Due Diligence Assessment
Demands in the Transparency Act
Bravo Seafood AS complies with the Act on businesses’ transparency act and work with basic human rights and decent working conditions (Transparency Act 2021, § 1). This requires larger businesses to carry out due diligence assessments – to avoid negative consequences for human rights and decent working conditions in their own business and in the business’ supply chain. The other purpose of the Act is to ensure public access to information on how the company handles negative consequences for basic human rights and decent working conditions.
The transparency standard in the Transparency Act is based on the UN’s guiding principles for responsible business and human rights (UNGP) and the OECD’s guide for due diligence assessments for responsible business. To fulfill the law, the business must carry out a process for the due diligence assessments.