The Norwegian Parliament passed the proposed ‘Act amending the Accounting Act and certain other Acts (Social Responsibility Reporting)’ on 9 April 2013.
Under the Accounting Act of 1998, there is no general requirement for reporting on corporate social responsibility, although section 3-3 does require large enterprises to report on the working environment, gender equality, anti-discrimination, and the environment (i.e. "matters relating to the business that can cause a not insignificant impact on the environment").
The 2013 amendment expands on this by introducing provisions that require large companies to provide information about what they do to integrate considerations, specifically, with regards to human rights, labour rights and social issues, the environment, and anti-corruption in their business strategies, in their daily operations, and in their relations with their stakeholders. As a minimum, this CSR reporting must contain information about the policies, principles, procedures, and standards that are followed to integrate these considerations.