Norwegian Transparency Act report template
The Norwegian Transparency Act (åpenhetsloven) requires companies operating in Norway to publish an annual due diligence report by June 30th. This template gives you the structure you need to meet that obligation.
You are in scope if you meet at least two of these criteria:
NOK 70M+
annual turnover
NOK 35M+
balance sheet total
50+
full time employees
What this template covers
- The three sections every due diligence account must include under the Norwegian Transparency Act
- How to describe the risks found in your supply chain and any actions taken to mitigate them
- How to get the report approved by the BoD, signed, and published correctly
Why companies that meet the criteria must publish a due diligence account
The Norwegian Transparency Act requires companies operating in Norway that meet the thresholds above to assess and publicly disclose how they manage human rights and working conditions in their supply chains.
This means documenting what risks you’ve found and what you’ve done about them, and publishing it annually. Non-compliance can result in fines of up to 4% of annual turnover or NOK 25 million, whichever is higher.
