Get control of the process of the Transparency Act reporting
The Norwegian Transparency Act requires reporting and transparency to protect human rights and ensure decent working conditions in companies and their supply chain. As a compliance officer or procurement manager, it may be your responsibility to manage data collection, often in inappropriate systems or Excel sheets.
RISMA’s compliance solution helps to manage the effort to have your company meet the requirements, with all the necessary documentation ready for reporting in compliance with Consumer Agency guidelines
Structure the due diligence process
Your business is led through a structured process that starts with a baseline assessment and a comprehensive analysis of your suppliers and business partners.
The solution includes the Norwegian Consumer Protection Agency guidelines for complying with reporting and information requirements.
Supplier information requests gathered in one place
Centrally gather all information requests to suppliers and business partners to maintain a full overview and ensure consistency in the compliance process.
That way, you avoid errors and data loss that often occur in Excel spreadsheets and other systems.
Mitigate the risk of human rights violations
Lay a solid foundation for responsible business practices and transparency compliance by integrating all data, controls and processes.
This enables proactive identification and management of risks that protect both your company’s reputation and those affected by its activities and practices.
An effective compliance framework
To efficiently collect and document your supplier data, it is essential that you have a well-structured framework in place. It guides you through the due diligence process and ensures that your company complies with reporting and information requirements.
It also promotes collaboration across various functions, such as legal, finance and purchasing departments, in terms of collecting, validating and implementing relevant data points.
In collaboration with Kvale Advokatfirma, our legal expertise partner for content and guidance in the RISMA solution, you will be guided through all the crucial steps to ensure that your company fulfills due diligence for human rights and decent working conditions throughout the supply chain.
The three obligations under the Norwegian Transparency Act
Due diligence of one's own company, the supply chain and business partners
Publish a due diligence statement
Obligation to inform
Everyone has a right to information from companies
Key features in the Norwegian Transparency Act solution
Developed in collaboration with the legal expertise partner
All content and guidance has been developed in cooperation with Kvale Advokatfirma, a well-established law firm with expertise in legal aspects of corporate obligations within human rights and due diligence.
This means that:
You always have access to continuously updated content that reflects the latest legislative changes and additions.
You will have less need of ongoing assistance, as we have prepared with Kvale detailed help texts to guide you through the entire due diligence process and much more.
A GRC Platform To Bring The Organization Together
Power your organisation by connecting data, teams, action and reporting in an integrated GRC platform.
Whether you deploy one, two, or all our solutions, RISMA GRC platform provides great value by boosting collaboration, increasing visibility, and saving time for everyone involved.