It pays to do the right thing
NORDEN has been a UN Global Compact signatory since 2009, working with focus on how to act responsibly as a business. Launched in 2019, our sustainability strategy is based on the UN Sustainability Development Goals (SDGs) where our focus is finding opportunities in the sustainability agenda.
Developing efficient, reliable and smart solutions for transporting goods from producers to buyers is a key component in ensuring sustainable development through trade
Our sustainability strategy
After an extensive mapping process where we assessed each of the SDGs in order to identify which ones were most relevant to our business, we settled on SGD 9 (Industry, Innovation and Infrastructure) as our key focus. NORDEN has identified that we can have a large positive impact on SDG 9 Industry, Innovation and Infrastructure through 2 key focus areas: decarbonisation and logistics optimisation, both of which are in line with SDG 9. We believe that our experience and knowledge in shipping gives us a unique opportunity to make a difference.
Shipping has a high climate impact. At NORDEN, we have come a long way in increasing fuel efficiency. With the new IMO targets on CO₂ reductions, it is clear that increased fuel efficiency alone is not enough. We need alternative solutions, and in the name of decarbonisation, we want to contribute with low-carbon transportation options.
Read news article about NORDEN conducting the first ever voyage on CO2 neutral biofuel
Effective transport and logistics help drive the expansion of world trade. We will use NORDEN’s knowledge and experience in optimising infrastructure logistics to address bottleneck issues such as congestion or inefficiencies in port handling, unpredictability in inland transportation or difficulties in transitions from inland transportation to ocean-going vessels. Under the logistics optimisation initiative, we will find collaborative ways to remove these barriers – creating shared value for customers, partners, local communities, regions, and NORDEN.
Our primary SDG
Our secondary SDGs
Climate and environment
Shipping carries risks to the environment through spills, discharges and emissions to air, land and water. Managing these outputs is critical for the protection of the environment, the industry and of NORDEN and our customers. Monitoring and management tools are key in minimising the environmental impact of NORDEN’s activities and ensuring compliance with local and international regulations.
Climate change derived from CO₂ emissions is a risk to biodiversity and human livelihoods and poses operational and commercial challenges to NORDEN’s business. For several years, NORDEN has worked to optimise operational air emissions. Our Advanced Analytics and Digital Solutions Department works with a strategic ambition of investigating new low-carbon fuel options as well as optimising logistics. NORDEN wants to continue adding to the decarbonisation agenda as stated in our Sustainability Strategy.
Operating at sea involves safety and security risks that must always be managed carefully in order to safeguard the crew, the vessel, the cargo and the environment. Furthermore, NORDEN recognises that implementing the necessary policies, due diligence processes and grievance mechanisms, in line with the requirements of the UN Guiding Principles for Business and Human Rights, is a continuous process.
All employees are subject to NORDEN’s Employee Code of Conduct that frames the standard of conduct expected of all employees in NORDEN. The Code of Conduct covers anti-corruption, environment, safety, social conditions and compliance and references where the various policies can be found.
Corruption impedes access to global markets and constitutes a barrier for economic and social development around the world. For businesses in the maritime sector, corruption also escalates costs, endangers the safety and well-being of the crew and poses legal and reputational risks. In 2019, NORDEN had 9,648 port calls across 121 countries, some of them in regions where concepts of integrity and good business conduct vary. In this context, making the right choice is important and complex.
For the promotion of integrity, NORDEN has established an anti-corruption compliance programme, including an anti-corruption policy applicable to all employees and management. Furthermore, to reduce risk and ensure NORDEN’s compliance with legal requirements and stakeholders’ expectations, we employ due diligence for risk awareness in relation to business partners. All NORDEN’s third-party contacts are screened daily on several potential risk factor issues, including sanctions lists, global law enforcement lists, vessel information, politically exposed persons as well as environment and human rights issues.
Conducting business in a legal, ethical and socially responsible manner is core to our beliefs, and engaging with ship owners, charter operators, agents, brokers and others is part of our business. However, the reality is that some parties may be conducting their business in an irresponsible and/or illegal manner, and by engaging with these partners, NORDEN could be directly or indirectly contributing to bad or illicit behaviour. The actions of these parties can also have an impact on NORDEN’s reputation.
With NORDEN’s new business strategy of becoming increasingly asset light, and simultaneously decreasing our direct leverage, ensuring responsible business practice and establishing ethical and trustworthy relationships becomes even more significant. Therefore, NORDEN engages in several multi-stakeholder partnerships: A responsible supply chain management programme with IMPA ACT, responsible ship recycling with SRTI and anti-corruption with Maritime Anti-Corruption Network.