Responsible Procurement

Ship Management continued to require suppliers it works with to comply with the International Marine Purchasing Association (IMPA) ACT Supplier Code of Conduct (SCoC). The SCoC seeks to improve the economic, social and environmental sustainability of international shipping and marine industries and is aligned with the United Nations Guiding Principles on business and human rights.

With restrictions applied and travel bans, onsite vendor audits were put on hold in Ship Management and Ships Service. Virtual and remote assessment and audit processes were then put in place and a lesser than planned number of audits were conducted in the last two quarters of 2020.  The audits address quality, environmental, social and governance aspects, and for Ship Management in particular, there is a detailed focus on plastic waste.

In 2021, we will continue to engage with suppliers and apply sustainability criteria in screening of new suppliers and auditing of current suppliers where practicable.