The Transparency Act

The Transparency Act, which came into force on 1 July 2022, requires all companies, including the Håkull Group, to be open and transparent about how our business affects the outside world.

The law aims to reduce the risk of businesses causing or contributing to human rights violations, and ensures that we actively work to maintain decent working conditions at our suppliers, owners and within our own operations.

The Transparency Act promotes businesses' respect for fundamental human rights and decent working conditions, and this applies both to our own operations and to our suppliers and their subcontractors. The law requires us to conduct due diligence to understand and manage potential risks of violations. We are also obliged to disclose the basis and results of these assessments.

Integrated work in the business

As a major player in the real estate and transport industry, the Håkull Group takes basic human rights and decent working conditions for granted. We ensure that working conditions for our employees and those in our supply chains comply with international conventions in order to avoid violations of human rights and decent labour conditions. These values are anchored in the Håkull Group's governance documents. We place strict demands on our suppliers and require them to sign and comply with our ethical guidelines.

Prudential assessments

The main obligation of the Transparency Act is to conduct due diligence, in accordance with the OECD Guidelines. These assessments ensure that we understand our impact on human rights and decent work, and that we take the necessary steps to mitigate negative impacts and repair any damage.

Public statement

In accordance with the Transparency Act, our report on due diligence will be published publicly, for the first time in early autumn 2023.