Transparency Act Statement
1. BACKGROUND
The Transparency Act requires larger companies operating in or outside Norway that offer goods and services to perform due diligence assessments per the OECD Guidelines for Multinational Enterprises and publish an annual statement on their due diligence assessments.
Genus AS (Genus) is subject to the Transparency Act because the company fulfills the threshold, cf. § 3 a). The board of directors of Genus approves the publication of this statement, which contains information about Genus' work on due diligence assessments for the financial year 2023.
2. ABOUT GENUS
2.1 Organizational Structure and Business
Genus is a Norwegian software company with a leading no-code platform, and it is the most expressive in the market. Genus is best suited for creating enterprise solutions for large companies. It is easy to develop agile applications that meet the needs of any business through visual modeling, completely without traditional programming. No-code increases productivity, reduces costs, and provides flexible and sustainable solutions.
Genus was established in 1995, has over 80 employees, and is located in Lysaker. Genus is 100% employee-owned and had a turnover of over 124 million in 2023.
The business consists of 4 departments:
Research & Development: Developing the Genus no-code software platform.
Professional Services: Use the platform to create IT solutions for customers.
Business Development: Sales and marketing of the Genus platform and specific IT solutions.
Business Support: Operational and administrative support functions.
2.2 Guidelines
Genus has internal guidelines to safeguard fundamental human rights and decent working conditions (the Guidelines). The Guidelines set objectives and obligations ensuring respect for human and labor rights within the company and risk mapping and assessing the supply chain.
Genus is committed to conducting business with a high ethical standard and complying with applicable laws, regulations, and guidelines. Genus encourages all suppliers, partners, and customers to report suspicious, dishonest, or unethical behavior.
Genus has defined its own "Standard of Business Conduct" that employees and suppliers must adhere to.
2.3 Risk Mapping and Assessment of the Supply Chain
Genus sets high standards for ethical business practices for all suppliers and business partners. Genus has conducted an analysis of all existing suppliers and will conduct a similar analysis of the supply chain annually or more often. Genus will also conduct mapping before entering into new agreements with new suppliers.
Genus has the overall responsibility for conducting risk mapping and assessment of our supply chain. The risk mapping is based on various relevant factors, and the risks are categorized based on this. A risk category defines what measures need to be implemented toward a supplier.
3. IDENTIFIED RISKS
Genus has conducted a risk assessment and evaluated the supply chain. The most significant risks in Genus' operations and supply chain, with regard to the Transparency Act, are assessed to be (the list is not exhaustive):
Compliance with overtime regulations in the operations and supply chain
Ensuring that workers throughout the supply chain receive a living wage
No negative impacts on human rights or decent working conditions have been identified.
4. MEASURES AND RESULTS
Genus has implemented measures in accordance with the principle of proportionality. Analyses of current suppliers and assessments of new ones before contract agreements will help uncover any objectionable conditions with potential suppliers and business partners in the future. This may result in Genus refraining from entering into agreements or terminating existing ones.
Genus is committed to ensuring respect for human and worker rights within the company. Therefore, Genus emphasizes adjustments to work and the workplace to accommodate employees with special needs.