Operations of Tons of Rock Festival AS

Tons of Rock Festival AS organizes Norway's largest festival, held at Ekeberg in Oslo municipality. The company is part of Live Nation Entertainment, a global enterprise with offices in approximately 40 countries.

The primary sources of revenue for Tons of Rock are ticket sales, food and beverage sales, and sponsorship income. Most purchases are made from Norwegian companies subject to Norwegian laws. Import of goods and services is carried out to a very limited extent.

Guidelines, Systems, and Procedures

As part of the Live Nation group, the company adheres to the group's guidelines, frameworks, and measures regarding corporate social responsibility and environmental standards. These also encompass guidelines for respecting fundamental human rights and ensuring decent working conditions.

Live Nation's Code of Conduct ensures responsible supplier chains and partnerships. This global policy outlines the group's expectations and requirements concerning corporate responsibility and environmental standards, including fundamental human rights and decent working conditions.

Live Nation also has its own Sustainability Charter, which is part of the group's Green Nation initiative.

Additionally, the group has several internal policies to ensure that we and our partners act appropriately.

Due Diligence Assessments

Tons of Rock Festival AS conducts ongoing due diligence assessments related to its operations and strives to follow the group's requirements and routines as described above.

The company considers responsibility for fundamental human rights and decent working conditions to be well-anchored through its guidelines, processes, and governance systems.

Due diligence assessments are an integral part of the ongoing operations of Tons of Rock Festival AS. In our assessment, the primary risk related to respecting fundamental human rights and decent working conditions in our value chain lies in purchases from companies outside the Nordic region.

Suppliers are risk-assessed and approved by the contract manager before entering into agreements. For major contracts or when there is a risk of violations of fundamental human rights and decent working conditions, suppliers must sign a declaration of compliance with Live Nation's Code of Conduct.

Additionally, the company analyzes and classifies its suppliers and business partners by generating reports from the financial system, which include all entities to which payments have been made throughout the year.

For 2023, no instances have been identified where Tons of Rock Festival AS is believed to have caused, contributed to, or been associated with significant risks of negative impacts on human rights or decent working conditions.

Measures to Mitigate Risk

Tons of Rock Festival AS conducts ongoing due diligence assessments related to its operations, including evaluating risks associated with our suppliers. There is a strong focus on this during contract negotiations with new suppliers, as well as with any partners outside the Nordic region.

As outlined above, the due diligence assessments conducted for 2023 have not revealed any information indicating actual negative impacts or significant risks of negative impacts.