The Norwegian Transparency Act – what it is and how Factlines helps you comply

The Norwegian Transparency Act (åpenhetsloven) requires companies to conduct due diligence to ensure respect for human rights and decent working conditions within their operations and supply chains. Businesses must publish annual reports and respond to public information requests, or risk penalties of up to 4% of annual turnover or NOK 25 million.

Factlines supports your compliance process with structured workflows, supplier insights, and ready-made reporting templates, helping you meet the legal requirements more efficiently.

Åpenhetsloven applies to all companies operating in Norway that meet certain financial thresholds, such as sales revenue, balance sheet total, and employee count. It also applies to domestic or international companies that offer goods or services within Norway's borders. Understanding the law's broad applicability is crucial for businesses seeking to maintain compliance and navigate the evolving regulatory landscape effectively.

Approximately 9,000 companies are directly affected by the legislation. However, smaller businesses could also be affected if larger ones enforce additional requirements to comply with the law.