Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social and staff-related questions
• Respect for Human Rights
• Combatting corruption

Environmental Achievements

• Minimising waste through recycling, reducing paper use, and utilizing video conferencing.
• Facilitating environmentally friendly commuting options (public transport, bicycle parking, electric car charging).

Social Achievements

• Employee work satisfaction significantly higher than the Swedish national industry benchmark in 2023.
• Gender division in 2023 was 49% women and 51% men.
• Support for The Swedish Sea Rescue Society (SSRS) and the magazine ‘Faktum’.
• Providing financial security for repatriating seafarers abandoned by their employer.

Governance Achievements

• Adoption of an ESG Framework Policy in October 2020.
• Annual sign-off procedure for employees on the Club’s Ethical Directive.
• Monthly screening of members and insured vessels using World-Check to combat corruption.
• Enhanced Know Your Client (KYC) routines.

Climate Goals & Targets

Environmental Challenges

• Inadvertently providing insurance coverage for illegal fishing, illegal shipping activities, intentional pollution, illegal scrapping of ships.
• Inadvertently providing insurance coverage for breaches of climate-related emission levels, labor and trafficking laws, poor worker safety records, and money laundering.

Mitigation Strategies

• Proactive loss prevention initiatives and risk analysis.
• Use of World-Check for screening members and vessels.
• Enhanced KYC routines.
• Vessel tracking and sanctions screening using AIS.
• Integration of compliance data and automated screening into risk assessment tools.
• Automated backstops based on sanctions lists incorporated into insurance and payment systems.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (Goals 3, 12, 14, 16)

UN Sustainable Development Goals

• Goal 3: Good Health and Well-Being
• Goal 12: Responsible Consumption and Production
• Goal 14: Life Below Water
• Goal 16: Peace, Justice and Strong Institutions

The Club's initiatives align with these goals through loss prevention, responsible consumption, environmental protection, and anti-corruption measures.