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Norwegian Transparency Act (NTA)IntegrityNext

Automate NTA compliance with IntegrityNext’s AI-driven supply chain due diligence platform.

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Product details

Overview

IntegrityNext offers a comprehensive solution to help companies comply with the Norwegian Transparency Act (NTA), which mandates due diligence regarding human rights and decent working conditions in supply chains. The platform enables businesses to identify and assess potential and actual adverse impacts, implement preventive and corrective measures, monitor their effectiveness, and report on due diligence activities. With a focus on automation and efficiency, IntegrityNext facilitates the integration of responsible business conduct into internal policies and supports transparent communication with stakeholders.

Features and Capabilities

  • Risk Identification and Assessment: Utilizes country and industry risk data, complaints, and assessments to proactively identify potential negative impacts in the supply chain.
  • Prioritization of Risks: Ranks suppliers and business units based on severity and spend to focus mitigation efforts effectively.
  • Action Management Tools: Assigns, tracks, and documents corrective measures, fostering collaboration across suppliers and internal teams.
  • Monitoring and Review: Continuously monitors the effectiveness of implemented measures to ensure ongoing improvement.
  • Reporting and Communication: Generates customizable reports to meet reporting obligations and communicate due diligence efforts to stakeholders.
  • Automation: Automates key processes to reduce manual effort and resource consumption.
  • Legal Compliance: Aligns with NTA requirements, supported by a legal opinion confirming compliance.
  • Rapid Implementation: Typical project implementation spans 6 to 8 weeks.
  • No Supplier Fees: Suppliers incur no costs, encouraging higher response rates.