The Transparency Act – our responsibility
Åpenhetsloven, hereby referred to as The Transparency Act, entered into force on the 1st of July 2022 in Norway. The law is intended to accentuate and ensure companies’ respect for the UN’s fundamental human rights and decent working conditions. The law requires disclosure and annual due diligence assessments from all companies affected.
VENI Energy Group has anchored responsibility for the UN’s fundamental human rights and decent working conditions within the company’s guidelines, which are our foundation for all future activity. The commitment applies to everyone who is affected by our business in Norway. The group expects that our subsidiaries, employees, business partners and other parties associated with our activities, products, and services respect the Working Environment Act (Arbeidsmiljøloven) and internationally recognized human rights.
VENI Energy Group AS is owned by Norvestor private equity. Our Norwegian subsidiaries Eneas Services AS, Nordel Energi AS and VENI Metering AS are located at our headquarters in Drammen, and Neras Direkte AS operates in Trondheim. According to The Transparency Act, parent company VENI Energy Group is considered a large enterprise as the conditions of the law are met for the parent company and subsidiaries as a unit.
For many years, we have had sustainability on the agenda, and VENI Energy Group AS has been a certified Eco Lighthouse since 2007. We work in accordance with the UN Global Compact’s ten principles for responsible business practices, and MJ Hudson performs annual external audits of our ESG work (Environmental, Social & Governance). We make purchases of services and materials from companies registered within the EU. The group contributes yearly to UNICEF, Bellona, Zero and ECOenergia’s work with sustainability.
The group’s internal guidelines cover requirements for decent working conditions, the protection of and compliance with human rights, HSE routines, anti-corruption, sustainability, internal reporting routines and data and personal privacy protection. All our employees are obligated to follow the group’s internal guidelines.
Through the due diligence assessments carried out by VENI Energy Group, no actual violations of human rights or decent working conditions were uncovered. Some businesses reported that they have uncovered a potential risk in their own supply chain due to production or operations in countries or industries exposed to high risk.
VENI Energy Group does not want to contribute to violations of human rights, indecent working conditions or other negative impacts on the environment and working life and will maintain our continuous work with internal routines and follow-up of the supply chain.
Read our Due Diligence assessment and account of our work with The Transparency Act:
Åpenhetsloven årsrapport 2022/2023
If you have questions about VENI Energy Group’s work with the Transparency Act, basic human rights and decent working conditions that are not answered in our annual report, inquiries for information (innsynsbegjæringer) can be directed to compliance@venienergy.com Please specify in the e-mail which of our companies the inquiry applies to.
To access the information above in Norwegian, please visit our subsidiaries’ websites or refer to the annual report. https://eneas.no/apenhetsloven/
https://venimetering.no/apenhetsloven/
https://nordelenergi.no/apenhetsloven/
https://nerasdirekte.no/apenhetsloven-vart-ansvar
