Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social Responsibility
• Governance

Environmental Achievements

• Reduced bunkers consumption by 2.6% in 2007, cutting 32,000 tonnes in carbon emissions
• 31.7% reduction in nitrogen oxides in 1999-2007
• 53.5% reduction in sulphur oxides in 2000-07

Social Achievements

• WW Academy established in 1999, providing learning and development programs for employees
• Participation in and support of the UN Global Compact program

Governance Achievements

• Two of the five directors on the board of WW ASA are female
• Compliance with Oslo Stock Exchange requirements for information and English symbols

Climate Goals & Targets

Environmental Challenges

• Climate change
• Emissions to air
• Discharges to water
• Other discharges
• Waste from operations
• Leaks from refrigeration and fire systems
• Ballast water
• Bilge water and oil spills
• Antifoulings

Mitigation Strategies

• Ambition to be a leader in environmentally-adapted shipping with a vision to achieve zero emissions
• Active newbuilding strategy to secure a large and modern fleet
• Exploring available ballast water treatment systems
• Gradually upgrading systems to ensure bilge water from WW’s fleet contains a maximum of 5 ppm of oil
• Vessels coated with tin-free antifouling
• Launch fuel-saving campaign
• Introducing a new technology through Yarwil which can reduce nitrogen oxide emissions by as much as 95%
• Using low-sulphur fuel
• Securing bunkers adjustment clauses (BAF/EFAF) in contracts of affreightment
• Global waste management project and implementation
• Install compactors on all launched vessels
• Install filters on oily water separators

Supply Chain Management

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: ISM Code, ISO 9001:2000, ISO 14001:2004

Third-party Assurance: PricewaterhouseCoopers AS

Sustainable Products & Innovation

• Gamazyme cleaning agents

Awards & Recognition

• Thor Heyerdahl International Environmental Award

Environmental Metrics

ESG Focus Areas

• Environmental

Environmental Achievements

• Reduced fuel consumption in g/tonnes/nm by 6.4% (for 24 1/2 vessels) compared to 2005-2006 average. EUKOR reduced fuel consumption by 7.8% compared to 2006 levels.
• Reduced SOx emissions (24 1/2 vessels): from 12,520 tonnes in 2007 to 11,760 tonnes in 2008. EUKOR reduced SOx emissions by 12.8% compared to 2006 levels.
• Reduced NOx emissions (24 1/2 vessels): from 36,801 tonnes in 2007 to 33,670 tonnes in 2008. EUKOR reduced NOx emissions by 10.7% compared to 2006 levels.
• Reduced refrigerant leaks by 46.2% compared to 2004 baseline.
• Launched a global waste management project.
• Selected a supplier for ballast water treatment systems.
• One vessel tested with a ballast water treatment system.
• Replaced one bilge water treatment system.
• Two vessels received green passports.
• Three vessels coated with Inter 900 antifouling coating.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High fuel consumption and associated emissions.
• Need to comply with increasingly stringent environmental regulations (e.g., sulphur content in fuel).

Mitigation Strategies

• Fuel saving initiatives (efficient speed, energy management, weather routing, fuel-efficient vessels, crew training).
• Implementing a 1.5% sulphur policy for WWL vessels (incurring additional costs).
• Investing in ballast water treatment systems.
• Using tin-free antifouling and environmentally friendly hull cleaning.
• Developing a global waste management plan.
• Developing a ship dismantling policy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of suppliers for ballast water treatment systems and environmentally friendly antifouling.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental

Environmental Achievements

• Reduced CO2 emissions by 26% (g/tonnes/nm) compared to 2009
• Reduced fuel consumption by 26% (g/tonnes/nm) compared to 2009
• Reduced NOx emissions by 31% (g/tonnes/nm) compared to 2000
• Four vessels recycled at green yards in China
• 13 vessels coated with advanced antifouling systems reducing fuel consumption by up to 5%

Climate Goals & Targets

Environmental Challenges

• Increased total CO2 emissions by 5% due to increased cargo transport
• Additional cost of approximately USD 2 million for using low-sulphur fuel

Mitigation Strategies

• Focus on fuel consumption reduction
• Development of new carbon indexes for the industry
• Implementation of energy management systems
• Weather routing systems
• New building programme with fuel-efficient vessels
• Environmental awareness training for crew
• Use of low-toxic, low-friction coating systems

Supply Chain Management

Responsible Procurement

• Selection of green ship recycling yards in China

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Unitor Ballast Water Treatment System
• Sustainable marine chemicals
• Green ship recycling services

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability

Environmental Achievements

• Reduced main engine lubrication oil consumption by more than half in several older vessels through retrofitting.
• Fitted two vessels with fuel emulsion systems, aiming to improve fuel oil combustion and reduce NOx, black carbon/soot, and CO2 emissions.
• Improved hull resistance and propeller efficiency in several vessels, lowering fuel consumption.
• Fitted all vessels with performance monitoring systems to optimize sailing conditions.
• Coated two vessels with high-performance antifouling systems to minimize hull fouling and eliminate the need for hull cleaning for five years.
• Achieved a self-imposed average of 1.5% sulphur in fuel consumed, lower than the world average of 2.8%.
• Delivered enough urea to reduce NOx emissions by more than the Norwegian NOx fund’s total targeted amount for 2011.
• Supported a solar-powered vessel on a worldwide tour.
• Commissioned energy management technology systems to save 50 million kWh annually.
• Wilhelmsen Ship Management (WSM) achieved ISO 14001 certification for its Environmental Management System.
• Green Ship Recycling (GSR) received attestation by Det Norske Veritas (DNV) for sustainable business practices.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Setbacks in innovative efforts to reduce environmental impact.
• Increased CO2 emissions by 1.4% despite improved fuel efficiency per cargo transported.

Mitigation Strategies

• Continuous learning and development of new environmental products and services.
• Focus on improving vessel efficiency to offset increased cargo volume and sailings.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001 (for WSM)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Fuel emulsion system
• Energy Management Technology (EMT) systems
• NOxCare system
• Advanced antifouling systems
• Green Ship Recycling services

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment

Environmental Achievements

• Decreased fuel consumed per cargo tonne transported (g/tonne nm) by 0.6% in 2012.
• Installation of the world’s largest multi-stream scrubber system on the MV Tarago (pilot project).
• Development of a competitive NOx reduction system (Yarwil joint venture).
• Launch of a new green ship recycling service in China.
• Commissioned energy management systems on 40 vessels, resulting in an accumulated energy savings of 75 MkWh (million kilowatt-hours), equivalent to 35,000 tonnes fuel oil annually and an emissions reduction of 112,000 tonnes of CO2 per year.
• Installation of “cold ironing” systems on a number of container vessels.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Meeting increasingly stringent environmental regulations (air pollution, greenhouse gases, invasive marine species).
• Operational deficiencies with the Unitor Ballast Water Treatment System (leading to its withdrawal from the market).

Mitigation Strategies

• Active participation in developing environmental legislation (IMO committees).
• Exploring various solutions for Emission Control Areas (ECAs), including the installation and testing of an Exhaust Gas Cleaning System (EGCS).
• Development of alternative sourcing strategies and technologies (e.g., scrubbers, NOxCare).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001, ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• NOxCare (NOx reduction system)
• Gamazyme (bioactive chemical products)
• Tin-free solder
• TIG welding electrodes without thorium
• HFC R-417A refrigerant

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Anti-corruption
• Climate change
• Working conditions
• Stakeholder engagement
• Sustainability governance
• Supply chain

Environmental Achievements

• Installation of a scrubber system
• Green recycling of vessels
• Reduced total fuel consumed and corresponding CO2 and NOx emissions by approximately 10% from 2012 to 2013
• Total SOx emissions were down 14% due to lower consumption and lower average sulphur content in fuel consumed.

Social Achievements

• Introduction of a global whistleblowing system
• Dedicated digital platforms to improve knowledge and awareness and contribute to help employees make the right choices and decisions
• Global employee engagement survey with overall high level of engagement and commitment amongst the employees in the WW group
• Low sickness average and turnover rate
• Low lost-time injury frequency on WWASA owned vessels

Governance Achievements

• Development of the first report according to Global Reporting Initiative (GRI)
• Continued focus on anti-corruption, competition law and theft and fraud

Climate Goals & Targets

Environmental Challenges

• Emissions to air and water
• Labour relations and safe working conditions
• Human rights and local community relations
• Responsible ship recycling
• Corruption
• Facilitation payments in several countries

Mitigation Strategies

• Developing policies, proper processes, describing roles and responsibilities and ensuring accountable, transparent reporting
• Investigating new technology, solutions and ways of working to reduce emissions and fuel consumption on board its fleet of vessels
• Providing environmentally sound products and solutions to the whole merchant fleet
• Working towards eliminating facilitation payments
• Maintaining high quality operations and a safety standard based on constant improvement
• Close cooperation with partners, customers, authorities and other stakeholders

Supply Chain Management

Responsible Procurement

• Code of Conduct
• Supplier audits (WSS)
• Sustainable business practices considered in yard selection (WWASA)
• Environmental Impact Assessments (WWASA)
• Sustainable & Responsible Procurement (SRP) plan (WSM)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 Core

Sustainable Products & Innovation

• Water-in-fuel emulsifier
• Environmentally sound underwater hull cleaning

Environmental Metrics

ESG Focus Areas

• Anti-corruption
• Climate change
• Working conditions
• Stakeholder engagement

Environmental Achievements

• CO2 emissions reduced by 8.9%
• NOx emissions reduced by 11.1%
• SOx emissions reduced by 8.9%
• Two vessels sold to green recycling

Social Achievements

• 87% of all land-based employees in wholly owned subsidiaries trained in anti-corruption
• Introduced new leadership training program LeAP
• Engagement survey score of 72
• 100% of dividend distributed to charitable causes through the Tom Wilhelmsen Foundation
• 2.8% sick leave in Norway

Governance Achievements

• Rolled out a major compliance training program called “I Comply!”, reaching nearly 100% of employees

Climate Goals & Targets

Environmental Challenges

• Supply chain management reporting system not yet established
• High employee turnover rate (9.6%)
• Anti-trust investigation in joint venture Wallenius Wilhelmsen Logistics (WWL) resulting in a USD 33 million fine in Japan and ongoing investigations in the USA and Europe.

Mitigation Strategies

• Continued work on improving guidelines and standards for the group
• Reinforced focus on safety improving initiatives after exceeding LTIF target
• Continued implementation of WW Business Standards and anti-corruption training in 2015

Supply Chain Management

Responsible Procurement

• Supply chain code of conduct
• Procurement policies

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 core

Sustainable Products & Innovation

• Shippersys system
• Scrubbers

Environmental Metrics

ESG Focus Areas

• Environmental impact
• Community contribution
• Ethics and anti-corruption
• Health and safety
• Our employees

Environmental Achievements

• Reduced CO2 emissions by 1.3% compared to 2014.
• Decreased NOx emissions by 3.5% due to reduced fuel consumption and fleet renewal.
• Recycled two vessels in accordance with the Hong Kong Convention.

Social Achievements

• 90% engagement survey completion rate (target: 85%).
• Total recordable case frequency rate of 2.0 (target: 2.8).
• Lost time injury frequency rate of 0.56 (target: 0.65).
• Zero work-related fatalities.
• More than 80 contributions to local communities via offices and employees.
• 95% of all land-based employees trained in anti-corruption.

Governance Achievements

• Introduced a zero-tolerance policy towards facilitation payments.
• 94% of sailings through the Suez Canal were conducted without any form of facilitation payments in 2015.

Climate Goals & Targets

Environmental Challenges

• Increased fuel consumption per tonne mile leading to higher CO2 emissions (60.52 gram per cargo tonne miles in 2015 compared to 59.19 in 2014).
• Anti-trust investigations and fines in Japan, South Africa, and China for anti-trust behavior.
• High employee turnover rate (8.34%).
• Low engagement score (69 out of 72).

Mitigation Strategies

• Implementing initiatives to reduce fuel consumption (e.g., hull cleanings, bulbous bow changes).
• Continuing to address anti-trust investigations.
• Implementing initiatives to reduce high turnover rate.
• Addressing low engagement score through target process.

Supply Chain Management

Responsible Procurement

• Supply chain code of conduct

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI G4 (core option)

Sustainable Products & Innovation

• EcoSubsea hull cleaning technology
• Shippersys performance system

Awards & Recognition

• SHIPPINGInsight Award 2015 (WWASA and Callenberg Technology Group)

Environmental Metrics

ESG Focus Areas

• Decarbonisation and green growth
• Health and safety
• Equality, diversity and inclusion
• Compliance and supply chain management

Environmental Achievements

• Established New Energy segment with USD 500 million investment ambition for renewable energy and decarbonisation projects.
• Delivery of Yara Birkeland, reducing 40,000 truckloads annually.
• Digitization and delivery of a 3D printed spare part by Marine Products.

Social Achievements

• Introduced an employee-driven health and wellness hub.
• Set an ambition to have 40% of each gender in top three management levels and on internal boards by 2030.
• Developed a Code of Conduct and assessment tool to protect seafarers' human rights and welfare (with SSI).

Governance Achievements

• 100% completion rate for mandatory business standards training.
• Increased number of whistleblowing cases, indicating improved reporting.
• Conducted an external review of GDPR compliance.

Climate Goals & Targets

Environmental Challenges

• Maritime industry's traditional lack of gender equality.
• Data integrity challenges in GHG and waste reporting (e.g., leased office spaces).
• Facilitation payments remaining a challenge in the industry.
• COVID-19 restrictions impacting compliance activities and crew changes.

Mitigation Strategies

• Setting gender diversity targets for 2030.
• Implementing a common GHG emissions reporting framework.
• Continuous awareness training and improved whistleblowing channels.
• Implementing COVID-19 response measures and wellness activities.

Supply Chain Management

Supplier Audits: 75 audits conducted in 2021; 429 new supplier assessments, 86% accepted.

Responsible Procurement

• IMPA ACT Supplier Code of Conduct (Ship Management); Supplier Code of Conduct (Ships Service); country assessments and integrity due diligence for new business/investments.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather, rising water levels, resource scarcity/cost

Transition Risks

• Regulatory changes, potential liability, technology shift, market shifts, reputational impact

Opportunities

• Green growth in new arenas; new partnerships; access to capital from environmentally conscious actors; energy transition and decarbonisation of shipping.

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001 (Wilhelmsen Chemicals), ISO 45001 (Ships Service and NorSea Group), ISM Code (Ship Management)

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 8 (Decent work and economic growth)
• SDG 13 (Climate action)
• SDG 14 (Life below water)
• SDG 16 (Peace, justice and strong institutions)

Initiatives contribute to these goals through decarbonisation efforts, safe working environments, gender equality, responsible supply chains, and anti-corruption measures.

Sustainable Products & Innovation

• Zero-emission and autonomous vessel operation; services to the offshore wind industry; enabling the hydrogen value chain; digital services; 3D printed spare parts.

Environmental Metrics

ESG Focus Areas

• Decarbonisation and green growth
• Health and safety
• Equality, diversity, and inclusion
• Compliance and supply chain management

Environmental Achievements

• 5.25% reduction in tCO2e emissions in own operations from 2022 base year
• 38% renewable electricity purchased in 2022 (46% with Lysaker office included)
• 100% completion rate for group-wide, mandatory business standards training for two consecutive years
• USD 120 million invested in New Energy segment

Social Achievements

• LTIF rate for seafarers was 0.25 (target not to exceed 0.40)
• LTIF rate onshore was 0.40 (target not to exceed 0.40)
• Engagement survey score of 78 (greater than 75)
• 1,245 supplier screenings with ESG criteria and 320 risk-based supplier assessments conducted

Governance Achievements

• 100% completion rate for mandatory business standards training
• 31 whistles received related to allegations of fraud/corruption, data protection, health and safety and other HR related issues
• Developed a human rights due diligence process
• Developed a new Supplier Code of Conduct (to be rolled out in 2023)

Climate Goals & Targets

Environmental Challenges

• Physical risks from extreme weather, rising water levels, and resource scarcity/cost
• Transition risks related to regulations, potential liability, technology shift, market shifts and reputational impact
• Waste stream visibility continues to be challenging
• Facilitation payments remain a challenge in the industry, primarily in interactions with authorities in ports
• Human rights breaches in the value chain
• Fight for talent in key functions including seafarers
• Lack of competence

Mitigation Strategies

• Continued investments in green growth
• Introduce consolidated companies to scope 3 emissions reporting
• Target key suppliers to participate in scope 3 emissions reporting
• Use the SBTi guidance to establish targets and reduction program for scope 3 emissions
• Continuously improve accuracy and completeness of GHG emissions reporting
• Complete 3rd party GHG emissions inventory verification annually
• Improve visibility and integrity of data with vendors related to waste streams
• Progress circular initiatives
• Establish a circularity framework for the group to direct activities across our entities
• Create awareness on biodiversity issues and map potential areas for biodiversity focus
• Review of the compliance framework, specifically for port services
• Refine our internal control framework
• Adopt a risk management approach towards high-risk operations
• Continue our supplier forums globally
• Continue participation in the Maritime Anti-corruption Network (MACN)
• Strengthen leadership accountability through unconscious bias and diversity management training
• Implement workplace arrangements project recommendations
• Develop transition plan towards 2030 ambition
• Re-engineer the recruitment process with particular focus on EDI

Supply Chain Management

Supplier Audits: 1245 supplier screenings with ESG criteria and 320 risk-based supplier assessments in 2022

Responsible Procurement

• Supplier code of conduct
• Procurement policies
• Supplier assessments and audits

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Rising water levels
• Resource scarcity/cost

Transition Risks

• Regulatory changes
• Reputational impact
• Market shifts
• Technology shifts

Opportunities

• Green growth in new arenas
• New partnerships
• Access to capital from environmentally conscious actors

Reporting Standards

Frameworks Used: GRI Standards (GRI 1: Foundation 2021), TCFD, UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: DNV (limited assurance for GHG inventory)

UN Sustainable Development Goals

• SDG 5 (Gender Equality)
• SDG 7 (Affordable and clean energy)
• SDG 8 (Decent work and economic growth)
• SDG 13 (Climate action)
• SDG 14 (Life below water)
• SDG 16 (Peace, justice and strong institutions)

Initiatives contribute to these goals through decarbonization efforts, improved working conditions, diversity and inclusion programs, and responsible supply chain management.

Sustainable Products & Innovation

• Highly concentrated cargo hold cleaning product solutions
• Responsible refrigerant solutions
• Snap Back Arrestor for vessel mooring
• Battery powered vessels for ASKO

Environmental Metrics

ESG Focus Areas

• Human Rights
• Labor Rights
• Supply Chain Responsibility
• Diversity & Inclusion
• Health & Safety

Social Achievements

• Introduced stronger ESG criteria in contracts and supplier screening, assessments, audits, and reviews.
• Increased internal awareness and management focus on country risk/outsourcing risks.
• Developed a Supplier Code of Conduct in 2022.
• Introduced the use of ISWAN to support seafarers and their families.
• Launched health awareness campaigns and online seminars to promote wellbeing.

Governance Achievements

• Established a human rights due diligence team.
• Implemented a human rights framework and due diligence process guided by UN Global Compact and Guiding Principles on Business and Human Rights, and OECD Guidelines for Multinational Enterprises.
• Established a whistle-blowing channel.

Climate Goals & Targets

Environmental Challenges

• Health and safety risks related to work in ports, warehouses, and at sea.
• Risks of bullying, harassment, and discrimination.
• Risks of child labor, unfair employment practices, and violations of work time regulations in the supply chain.
• Risks related to personal data loss in cyber-attacks.
• Operational challenges in Russia following the invasion of Ukraine.

Mitigation Strategies

• Strong focus on improvement and follow-up of safety and management systems, improvement of health and safety culture, internal assessments and audits, and towards our suppliers.
• Zero-tolerance policy for bullying and harassment; encouragement to use the whistleblowing channel.
• Stronger ESG criteria in contracts and supplier screening, assessments, audits, and reviews.
• Increased internal awareness and management attention and focus on country risk/outsourcing risks.
• Development of a Supplier Code of Conduct.
• Human rights training program for all employees (planned for 2023).
• Implementation of governing elements, IT security policies, contracts, and security barriers to limit cyber-attacks.
• Planned fair and complete withdrawal from operations in Russia in 2023.

Supply Chain Management

Responsible Procurement

• Stronger ESG criteria in contracts and supplier screening
• Supplier Code of Conduct (implemented in 2023)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises, UN Universal Declaration of Human Rights, International Labour Standards (ILO)

UN Sustainable Development Goals

• SDG 5: Gender Equality
• SDG 8: Decent Work and Economic Growth

Commitment to gender equality and decent work conditions.

Environmental Metrics

ESG Focus Areas

• Human Rights
• Labor Standards
• Supply Chain Sustainability
• Safety
• Diversity & Inclusion

Social Achievements

• Increased percentage of women in top three management levels to 31% from 25% in 2022.
• 100% of new suppliers in defined tiers agreed to the Supplier Code of Conduct (SCoC) requirements.
• Implemented a group-wide cyber risk framework.

Governance Achievements

• Launched a group-wide IT and Cyber Security standard.

Climate Goals & Targets

Environmental Challenges

• Health and safety risks related to work in ports, warehouses, and at sea.
• Risk of bullying, harassment, and discrimination.
• Risk of modern slavery, child labor, and unfair employment practices in the supply chain.
• Risk of losing personal data in cyber-attacks.
• Significant increase in cyber threat levels and actual attacks.

Mitigation Strategies

• Strong focus on improvement and follow up of safety and management systems, improvement of health and safety culture and internal assessments and audits.
• Zero-tolerance policy for bullying, harassment, and discrimination.
• Whistle-blowing channel for reporting non-compliance.
• Supplier Code of Conduct (SCoC) implemented for suppliers.
• Ongoing desk-based due diligence to identify high-risk suppliers.
• Supplier screenings, assessments, audits, and reviews.
• Group-wide cyber risk framework launched.
• Group-wide IT and Cyber Security standard implemented.
• Cyber policy and training campaign for all employees.

Supply Chain Management

Supplier Audits: 1,136 risk-based supplier assessments in 2023

Responsible Procurement

• Supplier Code of Conduct (SCoC)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, UN Guiding Principles on Business and Human Rights, OECD Guidelines for Multinational Enterprises

Certifications: ISO 45001 (NorSea Group, Port Services, Ships Service, Global Business Services)

UN Sustainable Development Goals

• SDG 5: Gender Equality

Commitment to having at least 40% of each gender in top three management levels by 2030.