Committed to compliance

Photo: Eirikur Vid Misa

 

As a ship owner we have a distinct objective to maintain and operate our fleet in accordance with national and international laws and regulations, in particular with respect to Health, Safety and Environmental issues. All employees shall be highly qualified and perform with the highest working standards and professionalism in all areas.

International shipping is vulnerable to corruption and the demand of facilitation payments - a vulnerability that increases with the use of agents, brokers and intermediaries. Reporting must address how we manage risk to ensure transparency.   

Island Offshore is fully committed to comply with Norwegian law, international conventions and recommendations contributing to increase awareness of and prevent corruption activities. This is supported by our core values and business objectives, and our employees are committed to comply with this value statement and the ethical guidelines underpinning our business.

Island Offshore has a zero tolerance policy on corruption and breaches of this policy will imply disciplinary actions for our staff. Our leaders shall be aware of and understand our business exposure to corruption and bribery and shall inform our employees and monitor our business accordingly.

Further, our policies are implemented through employee introduction and training programs, purchasing procedures and market activities. Internal audit procedures shall also be adopted to verify compliance with our policies.

 
 
 
 

  • UN Sustainable Development Goal #12

    Ensure sustainable consumption and production patterns:

    Our reporting must explain how the governance structure safeguards compliance with legal requirements, potential sanctions and industry standards, and how the company ensures accountability and transparency in its operations. 

  • UN Sustainable Development Goal #17

    Strengthen the means of implementation and revitalize the global partnership for sustainable development 

    Strong international partnerships are required to promote attainability of the Sustainability Development Goals. Shipping is international by nature. We can contribute by supporting the international efforts of key shipping institutions such as The Norwegian Shipowner’s Association and IMO.