The Norwegian Transparency Act and the Use of Customs NO Codes and Country of Origin
The Norwegian Transparency Act requires companies to conduct due diligence assessments to ensure human rights and decent working conditions in their supply chain.
Customs NO codes and country of origin contribute to:
Better traceability: The Customs NO code identifies what the item is, and the country of origin shows where it comes from.
Improved risk assessments: The combination of Customs NO code and country of origin makes it possible to identify risks related to industries and countries.
Documentation and reporting: Customs NO codes and country of origin provide precise information to customers, authorities, and other stakeholders. This is particularly important in public procurement and purchasing by large organisations.
Increased trust and compliance: Correct information makes it easier to comply with the Transparency Act and strengthens the company’s credibility.