Åpenhetsloven due diligence report template
Åpenhetsloven, the Norwegian Transparency Act, requires companies operating in Norway to publish an annual due diligence account (redegjørelse) by June 30th. As a result, if your company meets the thresholds below, you need to act before that deadline. This template gives you the structure to do that.
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 the åpenhetsloven template covers
- The three sections every due diligence account must include
- 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 board, signed, and published correctly
Who must publish a redegjørelse under åpenhetsloven
Companies meeting the thresholds above are required to assess and publicly disclose how they manage human rights and working conditions in their supply chains. In practice, this means documenting what risks you’ve found and what steps you’ve taken to address 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, per Forbrukertilsynet’s enforcement guidelines.
After you publish your åpenhetsloven report
Once you’ve published your redegjørelse, you have to make it easy to find, and most companies link to it directly from their website. Forbrukertilsynet oversees compliance and can therefore investigate companies on request. In addition, åpenhetsloven requires you to update the report every year, even if no new risks were identified that period.
