The Trans­parency Act

Statement pursuant to the Act on Transparency of Enterprises and Work on Fundamental Human Rights and Decent Working Conditions (Transparency Act) § 5.

1. Introduction

The Act on Transparency of Enterprises and Work on Fundamental Human Rights and Decent Working Conditions (Transparency Act) came into effect on July 1, 2022. The law imposes obligations on certain “larger enterprises” to promote social sustainability within their own operations and supply chains:

Obligation to conduct due diligence assessments (as per § 4 of the law)
Obligation to provide an account of due diligence assessments (as per § 5 of the law)
Obligation to comply with “everyone’s” right to information (as per § 6 of the law)
BR Industries AS and several of its subsidiary companies are covered by the Transparency Act. BR Industries has initiated the process of implementing the Transparency Act for all the covered companies. The largest companies within the group have already started and completed due diligence assessments in accordance with the law. The remaining covered companies in the group will initiate and continue their due diligence assessment work progressively throughout 2023.

2. General Description of the Company’s Organization, Scope of Operations, Policies, and Procedures for Addressing Actual and Potential Negative Consequences on Fundamental Human Rights and Decent Working Conditions

2.1. Organization and Scope of BR Industries

Nature of the business

BR Industries AS (BRI) serves as the parent company within the BR Industries Group. The company is located in Sandnes, and the group’s activities are primarily conducted in Southern Norway, focusing on property, agriculture, mechanical industry, services, and products for the oil and offshore sectors.

Currently, BR Industries encompasses 30 businesses across four divisions and employs approximately 800 individuals. The group’s four divisions operate within the oil and gas industry, agriculture, property, and production/industry sectors.

Read our full statement here.

Person i arbeid. Foto.
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