Norwegian Transparency Act

Floatel International Ltd and its subsidiaries (“the Group”) complies with laws, rules, and regulations applicable to its business. The Group adheres to internationally recognised principles and guidelines relevant to fundamental human rights and decent working conditions, including but not limited to the Universal Declaration of Human Rights, the key conventions of the International Labour Organisation and International Maritime Organisation, the OECD Guidelines for Multinational Enterprises, and the principles of the United Nations Global Compact.

The Norwegian Transparency Act, which came into force on 1 July 2022, introduced additional requirements for the level of detail reported on fundamental human rights and decent working conditions for our business, supply chain, and business partners.

We have from 2024 incorporated our Norwegian Transparency Act Statement into the 2023 Annual Report, found here, mainly as part of the ESG part of the report.

The statement is divided in different topics, covering:
- An ESG introduction on page 8,
- Health and Safety of crew, personnel and guests on page 13,
- Description on crew composition on page 15,
- Statement on how we add value to local communities on page 15,
- Statement on Freedom of Association and CBA on page 15,
- Handling of risks related to Human Rights and Due Diligence on pages 15 to 17,
- Code of conduct on page 16,
- Open door policy (page 16) and whistleblower function (page 24),
- Corporate governance report from page 18.

People interested in receiving information about the Group and its work in respect of fundamental human rights and decent working conditions should write to