The Act relating to enterprises’ transparency and work on fundamental human rights and decent working conditions (the Transparency Act) came into force 1 July 2022.
The Act is intended to strengthen the impact of international guidelines and principles for responsible business, such as the UN Guiding Principles on Business and Human Rights and OECD Guidelines for Multinational Enterprises.
The law permits the public the right to obtain information about companies’ handling of matters related to human rights and decent working conditions.
The OECD Guidelines for Multinational Enterprises are recommendations from OECD countries with the purpose of promoting responsible business in all sectors. The guidelines address areas such as human rights, labour rights, the environment, taxation, anti-corruption, competition law, consumer interests, and transparency. The guidelines require companies to carry out due diligence assessments, but also to contribute to preserve the environment, respect human rights, safeguard workers’ rights and avoid corruption.
In September 2022, Recharge conducted a due diligence assessment in accordance with the requirements of the Transparency Act. The assessment was conducted in collaboration with Sustainability AS. In the workshop, key employees with an insight into relevant value chains and processes conducted the actual due diligence in accordance with OECD guidelines. The working group used Tavler AS’s methodology for due diligence assessments (the “Transparency Board”), which is based on ISO Standard 31000 for managing risks. The account for the assessment is found below.
Recharge has established guidelines to mitigate human rights violations, unacceptable working conditions, damage to the environment, and involvement with corruption. The relevant guidelines are described in the Supplier Code of Conduct, Recharge’s general EHS requirements for contractors. The guidelines are approved by the Board of Directors.
The company shall publish a report on the due diligence assessments in accordance with the guidelines of the Transparency Act annually. This will be done for the first time by 30 June 2023.
For inquiries concerning the company’s work with the Transparency Act, contact:
Director Legal, Compliance & ESG
Head of Corporate Communications & Public Affairs