ESG Charter
At V, our ambition is to be a leading voice in the maritime industry, ensuring our global network and business partners work together to minimise the environmental impact of our operations while maintaining a safe, reliable, and commercially viable service. The creation of our ESG Charter is a prudent first step, encouraging our partners to move in a similar direction.
Environmental
Social
Governance
Bribery and Corruption Controls
Bribery and corruption are strictly prohibited. It is illegal to pay or receive bribes, whether directly or indirectly, in any country where the company operates. V. is a member of the Maritime Anti-Corruption Network (MACN) in support of this policy.
Effective corporate governance is crucial for resilience, sustainability, and competitiveness.
Climate Change
Health & Safety
All managed vessels comply with MARPOL’s energy efficiency regulations and other relevant standards. We continually strive to maximise efficiency and minimise fuel use from both commercial and environmental perspectives. Through collaborations with industry partners, we explore new technologies and alternative fuel solutions. Our strategic partnership with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping underscores our commitment to decarbonising the shipping industry.
V. prioritises the health, safety, and wellbeing of everyone involved in our activities. We are committed to continually improving our Safety and Quality Management Systems, aiming for zero injuries among colleagues working ashore and afloat. Safety and environmental protection always take precedence over commercial considerations. Human Rights
Leadership
As part of our broader strategy and ESG ambitions, we have established a dedicated ‘Sustainability & Decarbonisation’ department. This department, led by the Director of Sustainability & Decarbonisation, positions V. at the forefront of the sustainable shipping industry.
Compliance & Ethics
We implement the following Compliance & Ethics Policies: • Anti-Corruption • Anti-Money Laundering • Competition Law • Modern Slavery • Sanctions • Data Protection • Speak Up At V., our ambition is to remain at the forefront of the maritime industry’s efforts to safeguard the environment, support our people, and ensure fair and transparent governance.
We respect the human rights of all individuals, regardless of race, colour, sex, language, religion, or political views.
Remuneration
Water
Equality and Diversity
Our remuneration committee plays a central role in ESG governance, linking pay to ESG-related KPIs to ensure these factors significantly influence business decisions. The committee regularly reviews company-wide remuneration, linking it to performance against targets and objectives. This system determines salary and bonus awards, with all Group Executive Team members having performance objectives related to leadership and HSSEQ (Health, Safety, Security, Environment, and Quality).
We support customers in implementing the International Convention for the Control and Management of Vessels’ Ballast Water and Sediments to prevent the spread of harmful aquatic organisms.
We promote equal opportunities for all, irrespective of age, sex, race, sexual orientation, marital status, disability, or religion. Our culture is free from harassment, bullying, victimisation, or discrimination, treating all colleagues and clients with respect, dignity, and courtesy.
Recycling and Waste
Workers’ Rights
V. ensures full compliance with the Industry Code of Practice on Ship Recycling, minimising potentially hazardous materials onboard vessels.
V. fully complies with the Maritime Labour Convention, 2006, across all managed vessels, with governance provided through robust auditing and certification of vessels and Seafarer Recruitment and Placement Service providers.
Elimination of Single-Use Plastics
Recognising the significant threat single-use plastics pose to marine life and the environment, we are committed to achieving zero plastic waste pollution at sea and continuously work to reduce shipboard waste.
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