Norwegian Supply Chain Transparency Act: What Norway's New Due Diligence Law Means for Your Business and How EcoVadis Can Help
Originally published on EcoVadis
From July 1, 2022, the Norwegian Transparency Act will impose extensive new due diligence obligations on large companies selling products and services in Norway. The legislation mandates that liable firms be able to account for the human rights and fair labor practices, not only of direct or “Tier 1” suppliers, but of all those indirect vendors and subcontractors who comprise the entirety of the upstream and downstream value chain. This blog summarizes the key provisions of the Act, including an outline of the profile of businesses affected, and highlights how EcoVadis’ ratings and intelligence solutions can help prepare your company to meet and exceed forthcoming regulatory obligations.
Learn more about the Norwegian Supply Chain Transparency Act here
