Transparency Act Report

Knutsen Ballast Water Transparency Act Report

About Knutsen Ballast Water AS

Knutsen Ballast Water AS (“KBAL”) is a technology company that develops solutions for management and treatment of ballast water. KBAL is located in Haugesund, Norway, and has 10 employees.

Our policies and commitments

KBAL is committed to conducting business with respect for human rights and decent working conditions. We work to ensure that our business operations, both in our own operation and our relations with business partners, does not cause or contribute to, or is directly linked to, actual or potential adverse impacts on human rights and decent working conditions. Our employees shall be treated with respect and given orderly working conditions. Forced labour, child labour and all forms of discrimination are strictly forbidden.

It is our position that equal treatment of all employees is applied, and that discrimination based on a person’s gender, race, colour, national origin, age, religion, sexual orientation, or any other characteristics protected by applicable law is unacceptable. We have zero-tolerance policy regarding corruption and bribery.

Identified risks in our operations

In the process of identifying actual or potential adverse impacts with respect to human rights and decent working conditions, no actual concerns have been identified internally in KBAL.

KBAL purchases goods and services from a range of suppliers, mostly Norwegian and some Northern European suppliers. KBAL has performed a mapping of suppliers and business partners in the supply chain to identify and assess any risk of actual or potential adverse impacts associated with our operations. No actual adverse impacts have been uncovered, however we acknowledge that monitoring concerns and potential risk is an ongoing process.

Potential adverse impacts have been assessed and prioritized based on the severity and likelihood of the adverse impact. Risk assessment is based on elements such as country of origin, contract size and contract duration. KBAL has recognized one prioritized risk for 2022:

Our plans for 2023

During 2023 we plan on updating our policies and procedures related to human rights management and to anchor the roles and responsibilities of these procedures. Furthermore, we are now assessing the need to strengthen our supplier risk assessment process and due diligence process related to human rights and decent working conditions.