The UN Global Compact is a strategic policy initiative for businesses that are committed to aligning their strategy and operations by ten universally accepted principles (see below) in the areas of human rights, labour, the environment and anti-corruption.
As a participant in this initiative, Odfjell commits to implementing these ten principles in our way of doing business. Our Corporate Social Responsibility Policy including a Code of Conduct, and a HSE Policy encompass many of the same objectives as the UN Global Compact. However this initiative sets a framework for the implementation of these principles and thereby facilitates reporting of our progress.
As an integrated part of our participation, we also commit to promoting and using our influence to voice UN Global Compact’s ideas.
Businesses should support and respect the protection of internationally proclaimed human rights.
Make sure that they are not complicit in human rights abuses.
Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Elimination of all forms of forced and compulsory labour.
Effective abolition of child labour.
Elimination of discrimination in respect of employment and occupation.
Businesses are asked to support a precautionary approach to environmental challenges.
Undertake initiatives to promote greater environmental responsibility.
Encourage the development and diffusion of environmentally friendly technologies.
Businesses should work against corruption in all its forms, including extortion and bribery