The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act
As the EU awaits the adoption of the proposed Directive on Corporate Sustainability Due Diligence, several European countries have already implemented obligations on human rights due diligence at national level. One of these countries is Norway, where the Transparency Act entered into force in July...
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| Format: | Article |
| Language: | English |
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Scandinavian University Press
2024-02-01
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| Series: | Oslo Law Review |
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| Online Access: | https://www.idunn.no/doi/10.18261/olr.10.2.10 |
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| _version_ | 1849701749952086016 |
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| author | Liv Monica Stubholt Tone Sørfonn Moe Nina Stærnes |
| author_facet | Liv Monica Stubholt Tone Sørfonn Moe Nina Stærnes |
| author_sort | Liv Monica Stubholt |
| collection | DOAJ |
| description | As the EU awaits the adoption of the proposed Directive on Corporate Sustainability Due Diligence, several European countries have already implemented obligations on human rights due diligence at national level. One of these countries is Norway, where the Transparency Act entered into force in July 2022. The Act serves as one of the frontrunners to the expected EU legislation on social sustainability, largely inspired by international frameworks on business and human rights, as well as other countriesʼ regulations of similar matters. Binding legislation in this area, such as the Transparency Act, is an important development as experience has shown that soft law alone is not enough to efficiently combat human rights violations in global supply chains. This article presents the core obligations and principles of the Transparency Act. The aim of the article is to highlight the distinctive characteristics of the Norwegian Act and reflect on where the road of transparency has lead Norway so far, and where it will lead us next. |
| format | Article |
| id | doaj-art-2bc05601907a4dabaaf2c61b87ade242 |
| institution | DOAJ |
| issn | 2387-3299 |
| language | English |
| publishDate | 2024-02-01 |
| publisher | Scandinavian University Press |
| record_format | Article |
| series | Oslo Law Review |
| spelling | doaj-art-2bc05601907a4dabaaf2c61b87ade2422025-08-20T03:17:52ZengScandinavian University PressOslo Law Review2387-32992024-02-0110211510.18261/olr.10.2.10The Norwegian Legislation on Social Sustainability: An Overview of the Transparency ActLiv Monica Stubholt0Tone Sørfonn MoeNina Stærnes1Advokatfirmaet SelmerAdvokatfirmaet SelmerAs the EU awaits the adoption of the proposed Directive on Corporate Sustainability Due Diligence, several European countries have already implemented obligations on human rights due diligence at national level. One of these countries is Norway, where the Transparency Act entered into force in July 2022. The Act serves as one of the frontrunners to the expected EU legislation on social sustainability, largely inspired by international frameworks on business and human rights, as well as other countriesʼ regulations of similar matters. Binding legislation in this area, such as the Transparency Act, is an important development as experience has shown that soft law alone is not enough to efficiently combat human rights violations in global supply chains. This article presents the core obligations and principles of the Transparency Act. The aim of the article is to highlight the distinctive characteristics of the Norwegian Act and reflect on where the road of transparency has lead Norway so far, and where it will lead us next.https://www.idunn.no/doi/10.18261/olr.10.2.10ESGCorporate Sustainability Due DiligenceHuman RightsTransparency ActNorway |
| spellingShingle | Liv Monica Stubholt Tone Sørfonn Moe Nina Stærnes The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act Oslo Law Review ESG Corporate Sustainability Due Diligence Human Rights Transparency Act Norway |
| title | The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act |
| title_full | The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act |
| title_fullStr | The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act |
| title_full_unstemmed | The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act |
| title_short | The Norwegian Legislation on Social Sustainability: An Overview of the Transparency Act |
| title_sort | norwegian legislation on social sustainability an overview of the transparency act |
| topic | ESG Corporate Sustainability Due Diligence Human Rights Transparency Act Norway |
| url | https://www.idunn.no/doi/10.18261/olr.10.2.10 |
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