On 1 June 2022, the Norwegian Transparency Act came into effect. With it, all Norwegian companies are required to work responsibly with suppliers and vendors. At Ardoq, we embrace change, and we see the Transparency Act as change for the better. Decent working conditions and human rights are pivotal in all of our relationships.
Our Code of Conduct emphasizes that we advance human rights and good working conditions, and expect our suppliers to do the same. Our Code of Conduct and supporting policies and procedures are approved by our CEO with proper governance from our Board of Directors. The Board of Directors receives a yearly update on the matter and more often if necessary.
As Ardoqians, we must all become familiar with our Code of Conduct and accept that we will adhere to it on an annual basis. Grounded in our values Bold, Caring, and Driven, we all hold responsibility to live up to our Code of Conduct, and we have several systematic ways to uncover and correct any deviations (including anonymous Whistleblower channel).
Ardoq has assessed suppliers that enable us to serve our customers, and suppliers that support us in running our business. As a Software as a Service company based out of Norway, we work primarily with European and North American suppliers.
We assess that our suppliers' policies and procedures match our Code of Conduct, and that they are performing due diligence themselves.
We use our own software, the Ardoq Cloud Platform, to document all of our suppliers, our assessments of their policies, and our assessment of risks across four risk factors (sector, product, geographic, enterprise-level).
We publish this information on our website about our ongoing work to improve in line with the Transparency Act. We accept and respond to written inquiries about how we handle actual and possible negative consequences for basic human rights and decent working conditions.
We engage with our stakeholders and communities to build trust and address challenges related to responsible business conduct. For example, Ardoq Management meets regularly with our Work Environment Committee that includes employee representatives.
We have established monitoring and reporting mechanisms that allow us to track our progress in implementing our policies and management systems and assess their effectiveness according to OECD Due Diligence Guidance. For example, we assess risks directly in the Ardoq Cloud Platform and report on sustainability and human rights in the EcoVadis platform according to UN Global Compact principles.
We use a variety of reporting mechanisms, including annual sustainability reports, stakeholder engagement sessions, and public disclosure of our performance against relevant sustainability indicators. By tracking our performance and reporting on our progress, we can demonstrate our commitment to responsible business conduct and provide transparency to our stakeholders.
Based on our due diligence assessments in 2022, we have uncovered the following actual negative consequences:
In addition, we have uncovered the following significant risks of negative consequences:
In order to stop the negative consequences that have been discovered, we have implemented the following measures:
In order to limit the significant risk of negative consequences, we have implemented the following measures:
For any inquiries regarding the Transparency Act, please contact us via email at: email@example.com