The Transparency Act

The Transparency Act is a Norwegian law aimed at promoting companies' respect for fundamental human rights and decent working conditions in the production of goods and provision of services. The law also aims to ensure public access to information on how companies address negative impacts in these areas.

Both nationally and internationally, there has been increasing attention over time on the corporate social responsibility, including respect for human rights. The Transparency Act is part of such a development and entails Norwegian legal regulation of international guidelines on corporate human rights responsibility.

The law addresses companies' transparency about work related to safeguarding fundamental human rights and decent working conditions. Companies covered by the law should:

• Conduct due diligence to identify and manage risks of negative impacts on human rights and decent working conditions within their own operations, supply chains, and business relationships.

• Publish a statement on due diligence, including information on actual and potential negative consequences related to the company, supply chains, and business relationships.

• Follow up and respond to requests for information related to how the company addresses these issues.

Vesterålen Havbruk has conducted a due diligence assessment in accordance with the requirements of the Transparency Act.

Annually, statements will be published on our website in accordance with the requirements of the Transparency Act. See the statement here.

All data relating to the mapping of suppliers is stored on the company's internal control system and available to public authorities on request.

For questions related to Vesterålen Havbruk AS's work with the Transparency Act, please contact CEO Brynjar Kværnstuen.