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Norwegian Transparency Act
Transparency Act Statement – Reporting Year 2024
About Falkeid Shipping
The shipping company, Falkeid Shipping AS, owns vessels and purchases crew services from its sister company, Falkeid Management AS. Both Falkeid Shipping AS and Falkeid Management AS are wholly owned by Falkeid & Sønner AS.
The company has its headquarters in Finnøy municipality and employs 57 people.
Falkeid Shipping provides freight services with vessels in the dry bulk segment, primarily in the self-discharging market. The company operates mainly in the European market, with customers and suppliers primarily based in Norway or Europe.
The board holds the ultimate responsibility for ensuring that the company complies with the requirements of the Transparency Act. Operations Manager Lawrence P. Falkeid has been assigned the overall responsibility for conducting due diligence assessments and ensuring that both employees and suppliers are familiar with the company’s ethical guidelines.
Ethical Guidelines and Human Rights
Falkeid Shipping has developed ethical guidelines for employees, board members, and individuals acting on behalf of the company. These ethical guidelines provide an overview of what the company considers responsible and ethical business practices, placing personal responsibility on employees through general principles and specific requirements.
The guidelines have been communicated to all employees via the company’s ship management system.
The guidelines also require employees to report any violations of the company’s ethical guidelines, fundamental human rights, or the right to decent working conditions, whether internally or within the company’s suppliers or business partners. The guidelines specify how employees should report concerns and how such reports will be handled.
Requirements for Suppliers
Falkeid Shipping also imposes requirements on its suppliers to ensure they perform their work in compliance with legal requirements, regulations, and Falkeid Shipping’s ethical guidelines. Suppliers are required to notify Falkeid Shipping if they uncover actual or potential violations of fundamental human rights, decent working conditions, or any other breaches of Falkeid Shipping’s ethical guidelines, whether within their own operations or those of subcontractors. Suppliers must also report if they identify or suspect such issues within Falkeid Shipping or its broader supply chain.
The guidelines are, and will continue to be, communicated to suppliers during the procurement of goods and services.
Negative Impacts and Significant Risks of Negative Impacts
So far, no actual negative impacts or significant risks of negative impacts have been identified within Falkeid Shipping’s operations, supply chain, or business partners for the 2023 reporting period. In 2024, Falkeid Shipping has reduced the number of subcontractors compared to 2023 and 2022.
For some suppliers, a high number of subcontractors within their supply chain has been identified. These suppliers are working to reduce the number of subcontractors in their supply chains. Falkeid Shipping’s subcontractors primarily consist of shipyards, where the risk of workplace hazards is not insignificant. These shipyards have strong health, safety, and environmental (HSE) procedures in place, and Falkeid Shipping pays particular attention to ensuring that these HSE routines are followed during visits to the shipyards.
Due diligence assessments are conducted continuously, and Falkeid Shipping will update this statement if there are grounds for making significant changes to its risk assessment.
Whistleblowing
If there is any suspicion of a possible violation of Falkeid Shipping’s ethical guidelines, fundamental human rights, or the right to decent working conditions—whether internally or within the company’s suppliers or business partners—please report this to lf@falkeid.no or hdf@falkeid.no.
Access to Information
If you would like more information on how Falkeid Shipping handles actual and potential negative impacts related to violations of fundamental human rights or decent working conditions, please submit an access request to lf@falkeid.no or hdf@falkeid.no.
