TYO Automation

Transparency Act Statement

This statement is issued by TYO Automation AS.

It is valid for all wholly owned subsidiaries and subsidiaries where TYO Automation AS owns a majority of shares.

The statement is issued in the Norwegian language only.

This statement is issued by TYO Automation AS.

It applies to all wholly owned subsidiaries and subsidiaries where TYO Automation AS holds a majority of the shares.

The statement is only available in the Norwegian language.

It is in response to its obligations under the Transparency Act (Norwegian Åpenhetsloven) relating to enterprises’ transparency and work on fundamental human rights and decent working conditions. The purpose of the statement is to outline the findings of the due diligence conducted in relation to actual and potential negative impacts on human rights and working conditions within the organisation’s value chain, as well as outlining activities aimed to safeguarding these rights and conditions.

About TYO Automation

TYO Automation AS ("the company") is a Nordic industrial group that supplies automation solutions. Tyo Automation is a subsidiary of Stavanger Investering AS. Tyo Automation AS is the parent company in the subgroup, which includes wholly and partly owned subsidiaries in Norway and Sweden. The parent company is located in Klepp, Norway. The parent company provides group services in various areas including corporate governance, IT, marketing, and financing. Sales of solutions and products to the industry take place through the subsidiaries. The group aims to further develop its business within automation solutions with robotics in the Nordics and Europe.

Organization of social responsibility

TYOAutomation Inc. continuously works to ensure sustainable operations and responsible business practices. The company has a governance system that covers a wide range of corporate responsibility including health, environment, safety; human rights and decent working conditions; ethics; as well as GDPR. The company's strategy emphasizes creating competitiveness by helping our customers achieve efficient, secure, and sustainable production.

The company's board has decided that the company shall comply with the obligations of the Transparency Act and has delegated the responsibility of implementing the requirements in the company's guidelines to the CEO.

The CEO, together with the CFO, ensures that the company's governance systems reflect the requirements of the Transparency Act through the company's policies and procedures, including the development of a method for conducting due diligence assessments in line with the OECD guidelines.

Human rights and decent working conditions are entrenched in the company's staff handbooks and through the company's policies. These are known and available to all employees of the group through dedicated pages on SharePoint.

When qualifying new suppliers, a thorough evaluation of the company’s operations is conducted to ensure responsible management in accordance with Tyo Automation Inc. standards. In addition, the group performs annual evaluations ("supplier audit") of selected suppliers to assess compliance.

Concerns about breaches or risks can be reported directly to the company's CEO.

TYO Automation Inc. works continually to ensure sustainable operations and responsible business practices. The company has a management system that encompasses a broad spectrum of social responsibilities, including health, environment, safety; human rights and decent working conditions; ethics; and GDPR. The company's strategy is focused on creating competitiveness by helping our customers achieve efficient, safe, and sustainable production.

The company's board has decided that the company should comply with the duties of the Transparency Act and has delegated the responsibility for implementing the requirements in the company's guidelines to the CEO.

The CEO, along with the CFO, ensures that the company's management systems reflect the requirements of the Transparency Act through the company's policies and procedures, including the development of a method for conducting due diligence assessments in line with OECD guidelines.

Human rights and decent working conditions are embedded in the company's employee manuals and through the company's policies. These are known and available to all employees in the group through dedicated pages on Sharepoint.

When qualifying new suppliers, a thorough evaluation of the company's operations is conducted to ensure responsible operation in accordance with TYO Automation Inc. standards. In addition, the group conducts annual evaluations ("supplier audit") of selected suppliers to assess compliance.

Concerns about breaches or risks can be reported directly to the company's CEO.

TYO Automation AS is continuously working to ensure sustainable operations and responsible business practices. The company has a management system that addresses a wide range of social responsibilities, including health, environment, safety; human rights and decent working conditions; ethics; as well as GDPR. The company's strategy emphasizes creating competitiveness by helping our customers achieve efficient, safe and sustainable production.

The company's board has decided that the company shall comply with the obligations of the Transparency Act and has delegated the responsibility for implementing the requirements in the company's guidelines to the CEO.

The CEO, together with the CFO, ensures that the company's management systems reflect the requirements of the Transparency Act through the company's policies and procedures, including the development of a method for conducting due diligence assessments in accordance with OECD guidelines.

Human rights and decent working conditions are ingrained in the company's staff handbooks and through the company's policies. These are known and available to all employees in the group through dedicated pages on Sharepoint.

When qualifying new suppliers, a thorough evaluation of the company's operations is conducted to ensure responsible management in accordance with TYO Automation AS standards. In addition, the group performs annual evaluations ('supplier audit') of selected suppliers to assess compliance.

Concerns about breaches or risks can be reported directly to the company's CEO.