Principles and guidelines
Concordia Maritime's Board and management have jointly formulated and adopted a framework that defines guidelines on how Concordia Maritime should act as a responsible company and employer. The framework consists of the Company’s sustainability policy and code of conduct as well as the external principles and recommendations that Concordia Maritime has undertaken to follow.
The sustainability policy describes Concordia Maritime’s overall approach to sustainability and the overall principles for control and monitoring of sustainability work.
Code of Conduct
The Code of Conduct describes Concordia Maritime’s guidelines for suppliers and partners. It also describes the relationship with employees, business partners and other stakeholders, and the attitude to gifts and bribes. The Code applies to all members of boards and all employees without exception, and training in the Code is compulsory for all employees.
Code of Conduct for partners
Concordia Maritime’s partners Stena Bulk (chartering and commercial operation) and Northern Marine Management (manning, operation and maintenance) are wholly owned by Stena AB. The companies’ operations are subject to Stena’s Group-wide Code of Conduct, which sets out applicable guiding principles to ensure operations are conducted in an ethically, socially and environmentally correct way. The Code deals with areas such as environmental issues, social issues, good business practices and human rights. The Code also deals with relationships with business partners, with Stena reserving the right to withdraw from a relationship if a partner does not meet the standards of business ethics that Stena expects. The Code of Conduct is available on Stena’s website: bit.ly/Stena-CoC
OECD Guidelines for Multinational Enterprises
The OECD Guidelines for Multinational Enterprises are recommendations addressed to multinational enterprises operating or based in any of the OECD countries. The guidelines cover how these enterprises are to relate to human rights, environment and labour.
ILO Core Conventions
The International Labour Organization’s eight fundamental conventions represent a minimum global standard for labour. The conventions address fundamental human rights at work.
Maritime Anti-Corruption Network
In 2016, Concordia Maritime became a member of the Maritime Anti-Corruption Network (MACN), an international initiative created by maritime industry players to share experiences and promote best practice in combating all forms of corruption and bribery.
In the area of ships and ship management, NMM’s certification includes ISO 9001 (quality), ISO 14001 (environment), ISO 50001 (energy) and OHSAS 18001 (health and safety).
The certification is aimed at continuously reducing the total environmental impact of operations. Safety and environmental work is regulated within NMM by a Group-wide SHE (Safety, Health and Environment) policy, which contains minimum standards and requirements for reporting in a number of areas such as incidents and accidents, absences due to illness and occupational injuries.