The new Transparency Act came into effect on July 1st, 2022. The law requires businesses of a certain size, including Fritz Hansen Toys AS, to conduct due diligence on their suppliers, partners, and business associates, and to publish a statement about these due diligence processes.
The new Transparency Act "shall promote businesses' respect for fundamental human rights and decent working conditions in connection with the production of goods and delivery of services" and "ensure public access to information on how businesses handle negative consequences for fundamental human rights and decent working conditions", cf. § 1.
According to the Transparency Act, Fritz Hansen Toys AS is required to conduct due diligence regularly according to the OECD guidelines, cf. § 4. Furthermore, we have an obligation to provide information. This means that anyone, upon written request, has the right to information from us about how the business handles actual and potential negative consequences under § 4, cf. § 6. Fritz Hansen Toys AS shall also publish a statement about its due diligence within June 30th each year, and the statement shall be made easily accessible on the company's website, cf. § 5.