Sustainability and ESG
Social The company prioritizes the well-being of employees, safety, innovation, and community engagement.
Governance Strong governance ensures accountability, transparency, and ethical leadership across all operations.
Board Nomination & Responsibilities: Board appointments follow a transparent process aligned with Oman Investment Authority (OIA) governance standards
Occupational Health & Safety Adherence to international standards, including SOLAS, ILO, and MLC, ensures safety, particularly for seafarers, through risk management protocols
Delegation of Responsibilities: Executive positions and an ESG committee manage environmental, social, and economic impacts
Risk Identification & Incident Management The company proactively identifies risks and conducts safety drills and regular updates to Emergency Response Plans (ERP)
Data Protection & Cybersecurity: The company partners with Oman Data Park to ensure data security, complying with ISO standards and ISM Code
Systemic Risk Management: Advanced frameworks like Enterprise Risk Management (ERM) and Business Continuity Management (BCM) help address risks, including climate-related risks
Health, Well-being & Mental Health Support Asyad Shipping offers therapy sessions and connectivity for seafarers and provides specialized training through its Ocean Learning Platform
Business Ethics & Anti-Corruption: A strict Code of Conduct and anti-corruption training uphold integrity and accountability
Seafarer-Specific Training & Recruitment The company collaborates with authorities to hire 330 officers and crew members, including 100 electro-technical officers, bolstering Oman’s maritime workforce
Corporate Social Responsibility Asyad Shipping is deeply committed to its role as a corporate citizen, taking responsibility for the social and environmental impact of its operations. The company strives to create meaningful and sustainable value through initiatives focused on decarbonization, the restoration of ocean and land health, and community support. Asyad Shipping’s sustainability programs are integrated into its daily operations, ensuring a positive impact on the environment, society, and economy. The company continues to take significant steps to promote sustainable practices, reduce its environmental footprint, and support the communities in which it operates. Good to mention that three main corporate social responsibility events were undertaken in 2024 with a total value of USD 16,056.12.
Diversity & Inclusion With 90% of employees being Omani, the company fosters gender diversity and equal pay, offering regular training to ensure fairness
52 | Asyad Shipping Annual Report 2024
Asyad Shipping Annual Report 2024 | 53
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