What is the Norwegian Transparency Act?
The Norwegian Transparency Act (åpenhetsloven) requires companies to conduct due diligence assessments across their operations and supply chains to identify risks of human rights violations and poor working conditions.
Businesses must publish an annual transparency report by June 30 and respond to information requests from the public within three weeks, or face fines up to 4% of annual turnover or NOK 25 million, whichever is higher.
Factlines streamlines compliance with automated risk scoring, supplier questionnaires, corrective action tracking, and audit-ready documentation.