Framework, principles and guidelines

Concordia Maritime's board and management have jointly formulated and adopted a framework that sets guidelines for how Concordia Maritime will act as a responsible company and employer. The framework consists of  internal policys and guidelines as well as external principles and recommendations. 

Sustainability policy

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 business ethics policy includes ­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. This applies to all members of boards and all employees of Concordia Maritime.

Global Compact

Concordia Maritime follows the UN Global Compact initiative and the Universal Declaration of Human Rights. The Global Compact was introduced in 1999 by the UN former Secretary General Kofi Annan and is today, with over 6,000 corporate members from 135 countries, the largest global initiative for corporate responsibility and sustainability issues. Corporate Members commit themselves to live up to ten principles concerning human rights, environment, labor standards and anti-corruption, and to respect those throughout the value chain.

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OECD Guidelines for Multinational Enterprises

The OECD Guidelines for Multinational Enterprises are recommendations to multinational enterprises operating in or resident of any of the OECD countries. They deal with the companies' relationship to human rights, susstainability and working conditions.

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ILO Core Conventions

The International Labour Organizations (ILO) eight core conventions constitute a minimum standard for working conditions worldwide. This is about basic human rights at work.

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World Ocean Council

In 2017, Concordia Maritime became a member of the World Ocean Council, a sectoral global organisation gathering together leaders in ocean and related industries such as shipping, fisheries, agriculture, tourism and ports. The overall goal is to contribute to sustainable development of the global ocean.

Certifications

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.