Transparency Act

All Norwegian companies are expected to map, prevent, limit and communicate how they manage risk related to human rights and decent working conditions through due diligence processes. With «Åpenhetsloven», the expectation is transferred into law.

Brunvoll in brief

Company:

Brunvoll Holding AS and all companies in the group

Headquarter address:

Eikremsvingen 2c, 6422 Molde, Norway

What we do:

Our business concept is to design, manufacture and support systems for propulsion, positioning and maneuvering of advanced seagoing vessels.

Who we are:

‍Brunvoll is a family-owned company founded in 1912, consisting of solely Norwegian registered companies. We export 75-85% of our products and services to the global market and are ISO-certified according to the ISO 9001 standard. In addition, we are ISO-certified in 14001 and 45001 standards for the biggest company in the group. We have an integrated value chain with a strategy to produce in Norway.

Read more about our company and value chain in our Sustainability Report

Effective July 1st, 2022, larger companies are obligated by law to perform such processes and show transparency by publicly reporting on their efforts.

Our business practice builds on our Ethical guidelines, which applies to our employees, business partners and our suppliers. The guidelines are approved by The Board of Directors and comprise, among other subjects, human rights¹ and decent working conditions².

Brunvoll follows The UN Guiding Principles on Business and Human Rights and will provide a more complete and transparent reporting within June 2023. In the report we will disclose how we work to identify, address, prevent and limit violations of human rights or decent working conditions – whether potential or actual impacts. We will work according to the process described in the OECD Due Diligence guidance for responsible business conduct.

Information about our supply chain and business partners

The Brunvoll Group has an annual purchase volume of about 500 million NOK and a considerable number of suppliers in our supply chain³. Metals (steel and bronze) and electrical components (motors, frequency converters, batteries and electronics) are the two largest categories of purchased goods. Our supplier mapping shows that a large percent of our suppliers is situated in Norway and Europe.

Our purchase strategy explicitly states that the company shall prioritize local suppliers and partners when possible, and that we shall seek to establish long-term partnerships. We shall only choose partners that demonstrate good business ethics related to economy, quality, social and environmental sustainability.

Our business partners⁴ consist mainly of an international network of agents built up over decades, and partners providing services such as transportation, ICT-equipment, maintenance and catering. Based on an initial risk assessment, we apply standardized or specific contractual requirements or more complete due diligence processes when entering into agreements with new partners.

What is our approach to the Transparency Act?

In 2022 Brunvoll will evaluate all processes, policies and templates related to business ethics and contractual requirements of our suppliers and business partners. Further, we will map all our suppliers and business partners with regards to country and industry, and compare that information to internationally recognized risk-indexes on human rights and decent working conditions. We will disclose our findings and how we address potential and actual impacts on human rights and decent working conditions. If you have any inquiries, please use the request form below.

The process of evaluation, mapping and disclosure is owned by the top management and approved by the Board of Directors 24.06.2022.

Transparency Act request form

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¹ Fundamental human rights means the internationally recognized human rights that are enshrined, among other places, in the International Covenant on Economic, Social and Cultural Rights of 1966, the International Covenant on Civil and Political Rights of 1966 and the ILO's core conventions on fundamental principles and rights at work.

² Decent working conditions means work that safeguards fundamental human rights and health, safety, and environment in the workplace, and that provides a living wage.

³ Supply chain means any party in the chain of suppliers and sub-contractors that supplies or produces goods, services or other input factors included in an enterprise's delivery of services or production of goods from the raw material stage to a finished product.

⁴ Business partner means any party that supplies goods or services directly to the enterprise, but that is not part of the supply chain.