Transparency Act

The Norwegian Transparency Act relates to companies' transparency, promoting respect for and work on fundamental human rights and decent working conditions through the introduction of new requirements for obliged entities.

As an obliged entity, Skuld is working systematically to meet the Transparency Act. The work involves further enhancing existing procedures and the preparation of new policies and instruction intended to protect decent working conditions and fundamental human rights with our suppliers and business partners. The work continues to build on Skuld's efforts in the area as established by our Purpose and our Code of Conduct.

Skuld's purpose is protecting ocean industries, which includes conducting our business to the highest possible ethical standard and in a manner that has a positive impact on the community. As part of this commitment, we support all efforts to eradicate modern slavery and forced labor and are committed to ensure that we promote fundamental human rights and decent working conditions. This commitment is reinforced by the Code of Conduct that sets out that no form of human rights abuse, including modern slavery or human trafficking, in any part of our business will be tolerated. Skuld's Sustainability Report outline some relevant initiatives to that extent, carried out to date.

In addition to the above, we work to get an overview of and contribute positively to how all our suppliers work with environmental protection, human rights, working conditions and anti-corruption. An account of our completed due diligence assessments will be published on our website by the end of June 2023.

If you have any questions related to Skuld's work with the Transparency Act, please send your question to:

  • E-mail:
  • Mailing address: P.O. Box 1376 Vika, NO-0114 Oslo, Norway,
    Att: Chief Compliance Officer

Please specify your request in as much detail as possible and include your name and contact details.

Your inquiry will be answered within three weeks or at least within two months.