The Transparency Act

The Transparency Act entered into force on 1 July 2022.

The purpose is to promote companies’ respect for human rights and working conditions in business relationships and in supply chains. As a service company, we are responsible for keeping track of our own supply chain to identify and avoid risks to – and violations of – human rights. This is done through our supplier approval process and regular due diligence assessments.

Upon request, you can send us questions regarding work with human rights and work environment.

If any questions related to these topics, please contact HSEQ Manager by E-Mail.

TSC Subsea organisation, area of operations, guidelines and procedures for human rights and working environment.

TSC Subsea is part of Previan, an innovative technology group that develops the most advanced NDT science and technology in the world. Previan and TSC Subsea has implemented an Environmental, Social and Governance (ESG) process to helping the organisations build a more sustainable future, and a better working environment for all.

ESG strategy, prioritisation, and execution is managed by the Executive Sustainability committee composed of executives from the various corporate functions and Business Unit Presidents. This committee coordinates ESG initiatives through Sustainability Working Groups, reporting and interacting together to oversee the execution throughout the organisation. The Executive Sustainability Committee reports directly to the CEO.

Board and Committee Responsibilities

The two Board committees, as shown here, oversee the following ESG topics.

For more info:

Risk Assessment and Due Diligence – Our process

The TSC Subsea Risk Management process is applicable for all processes and activities in TSC Subsea, covering the management processes, the core processes as well as the support activities. Specifically, it applies to, but not limited to:

  • Strategic planning & Budgeting
  • Technology Development and Qualification
  • Business Development
  • Business Execution

This implies that the risk management process applies to both continuously operations as running the day-to-day business, as well as projects (e.g. TDQ-projects) and risks in projects carried out for key customers.

As part of the process the following topics are considered (but not limited to):

  • Legal compliancy
  • Health, safety and working environment.
  • Impact to external environment.
  • Anti-corruption and ethics
  • Human rights, diversity and inclusion
  • Data security and privacy compliance
  • Purchasing, supplier performance and responsibility

TSC Subsea`s main risk areas and measures to cease actual adverse impacts or mitigate significant risks of adverse impacts

1. Local Human rights and working environment standards

TSC Subsea`s practices and measures:

  • TSC Subsea execute a Business Level Risk Assessment on regularly basis to evaluate relevant risk areas health, safety and environment, work environment, financial processes, sales processes, HR processes, etc.
  • Risk and mitigating plans developed and implemented for projects.
  • Country specific Risk Evaluation for all locations we provide services.

2. Compliance with local laws and regulations, and client expectations.

TSC Subsea`s practices and measures:

  • TSC Subsea are committed to meeting the needs of our customers by ensuring a thorough understanding of their expectations. To achieve this, we use a quality management system, which is certified by a recognized international organization, as well as audited annually by an independent certification body to ensure rigorous respect for international quality standards.
  • We also regularly complete compliance evaluation of Laws and Regulations in countries where TSC Subsea provides or plans to provide services.

3. Fair Competition and trade practices

  • We make it a policy to value and respect every one of our customers, suppliers, and business partners, by negotiating the terms of all our agreements honestly, fairly and in good faith, as well as with due diligence.
  • It is our policy to do business only in markets where we can operate openly, soundly, and legitimately in accordance with competition laws.

4. Labor practices

  • TSC Subsea advocate respect for the principles of the Universal Declaration of Human Rights (UDHR) and the core conventions of the International Labour Organization (ILO). Moreover, we believe that every employee makes a unique contribution and that it is the diverse experience and expertise of all our employees – men and women of all backgrounds and nationalities – which together will ensure our ultimate success.
  • We committed to ensuring that all current, former and prospective employees receive equal treatment irrespective of their age, color, disability, ethnic or national origin, gender, gender expression, gender identity, marital status, pregnancy, race, ethnicity, religion or beliefs, or sexual orientation.

5. Supplier performance and compliance

  • We expect our suppliers to obey all laws requiring them to treat their workers fairly, to provide a safe and healthy work environment, and to protect environmental quality. And by encouraging them to also follow our own guidelines, we help ensure that our relationships with suppliers do not put our own company’s reputation at risk.
  • This expectation is ensured by our supplier evaluation and approval process and performance monitoring.
  • TSC Subsea also audit all critical supplier regularly to verify compliance.