Riverty publishes annual due diligence statement on human rights

Fintech company Riverty has published its annual statement outlining its efforts to ensure human rights and decent working conditions within its business operations and supply chains. According to the statement, the company identified no actual adverse impacts or significant risks to human rights or working conditions during 2023.

Riverty, a wholly owned subsidiary of Germany's Bertelsmann Group, operates in Norway and the European Union, employing 238 people. The statement is prepared in accordance with Norway's Transparency Act, which mandates an annual due diligence assessment.

The company emphasizes its adherence to the Bertelsmann Code of Conduct, which mandates respect for human rights and the provision of decent working conditions. The Bertelsmann Supplier Code of Conduct has been provided to all key suppliers, and this requirement has been incorporated into Riverty's supplier agreements. The company regularly reviews its suppliers and may discontinue relationships if standards are not met.

Riverty conducts annual risk assessments to identify potential adverse impacts on human rights. The company's supply chain primarily consists of Norwegian and EU-based organizations, and it aims to avoid engaging with suppliers in countries where the protection of human rights is at greater risk. The company has informed all its suppliers of the Norwegian Transparency Act and sought confirmation of compliance.