Compliance Officers from different business units and regions are assigned to ensure that the company and our employees act in accordance with applicable laws and regulations – our Code of Conduct – and to ensure that the company acts in an ethical and socially responsible way. Particular focus is given to competition law compliance, environmental licenses to operate and anti-corruption measures. In addition, regular updates on new rules and regulations are issued to all relevant personnel in order to ensure continuous compliance.
Whistleblowing & Reporting
A Whistleblowing policy and procedure, enabling employees and other third parties to report serious suspected wrongdoings, is rooted in the Odfjell culture. Integrity is paramount, and we have established channels for reporting concerns or violations outside of the regular reporting lines, including a confidential and anonymous Reporting Hotline.
Following the ISM requirement, a Designated Person (DP) is appointed to oversee those working on ships managed by Odfjell and ensuring compliance with ISM Code. In addition, the DP is responsible for ensuring that Ship Management employees on board and on shore comply with the requirements of the Environmental Management System Plan.
It is Odfjell’s policy to fully comply with applicable laws in all jurisdications where Odfjell operates, act in an ethical, sustainable, and socially responsible manner and practice good corporate governance. We will conduct our business consistently with the United Nations Guiding Principles on Business and Human Rights and the Ten Principles of the Global Compact. Our Code of Conduct sets out our expectations, commitments, and requirements for ethical conduct. Any breach of law is likely to have serious consequences for the company and those who work for Odfjell, not least the criminal prosecution of individuals, severe financial penalties and damage to Odfjell's reputation. Odfjell has implemented mandatory requirements for screening and conducting integrity due diligence assessments (IDD) of our business partners. A written contract is required between Odfjell and all third parties with whom Odfjell engages in the conduct or furtherance of its commercial activities. In order to ensure compliance with ethical principles and anti-corruption laws, rules and regulations, Odfjell’s Corporate Supplier Conduct Principles must be included in the contract with the relevant business partner. Odfjell expects its business partners to establish and maintain appropriate management systems to ensure alignment with these principles.
Governance & Business Integrity ESG report: Governance
Last updated 19.10.2022