| Code of Conduct |
The Code of Conduct outlines the basic rules, standards and behaviors necessary to achieve the objectives of ‘Prevention at Sea’. Our Code of Conduct does not remove the need for us all to exercise good judgment. It simply makes it easier for every one of us to do so.
All of ‘Prevention at Sea’ employees have a responsibility, to the company and to each other, to work with integrity and good judgment as well as within the law.
We apply the Code in all our joint operations, our company co-operations as well as with our clients. When participating in a joint venture not under ‘Prevention at Sea’s’ control we encourage to the best of our abilities the members to adopt similar principles and standards.
Our values
‘Prevention at Sea’ employees share a set of core values. These values are honesty, integrity and respect for people. We believe in the fundamental importance of trust, openness, teamwork and professionalism. We work towards preventing unpleasant incidents and safeguarding the human life, property and the environment.
Responsibilities
‘Prevention at Sea’ recognizes five areas of responsibility. It is the duty of management to continuously assess the priorities and discharge these inseparable responsibilities on the basis of that assessment.
1. To shareholders
To protect the shareholders’ investment and interests and provide a long-term competitive return.
2. To clients
To win and maintain customers by developing and providing products and services which offer value in terms of price, quality, safety, security and environmental impact.
3. To employees
To respect the human rights of our employees and to provide them with good and safe working conditions of employment.
To promote the development of the talents of our employees and to create a work environment where every employee has an equal opportunity to develop their skills and talents.
To encourage the involvement of employees and to provide them with channels to report concerns.
4. To those with whom we do business
To seek mutually beneficial relationships and to promote the application of ‘Prevention at Sea’ principles or equivalent principles in such relationships. The ability to promote these principles effectively will be an important factor in the decision to enter into or remain in such relationships.
5. To society
To conduct business as reasonable corporate members of society, to comply with applicable laws and regulations, to support fundamental human rights in line with the legitimate role of business, and to give proper regard to health, safety, security and the environment.
Economic
Long-term profitability is essential to achieving our business goals and to our continued growth. It is a measure both of efficiency and of the value that customers place on ‘Prevention at Sea’ products and services.
Competition
‘Prevention at Sea’ supports free enterprise. We seek to compete fairly and ethically and within the framework of applicable competition laws.
Business Integrity
‘Prevention at Sea’ insists on honesty, integrity and fairness in all aspects of our business and expects the same in the relationships with all those with whom we do business.
The direct or indirect offer, payment, soliciting or acceptance of bribes in any form is unacceptable. Facilitation payments are also bribes and should not be made. Employees must declare to their employing company potential conflicts of interest.
Health, Safety, Security and the Environment
‘Prevention at Sea’ has a systematic approach to health, safety, security and environmental management in order to achieve continuous performance management. We manage these matters as critical business activities, set standards and targets for improvement, and measure, appraise and report performance externally. We continually look for ways to reduce the environmental impact of our operations, products and services and to promote the “Prevention” culture.
Communication and Engagement
‘Prevention at Sea’ recognizes that regular dialogue and engagement with our stakeholders is essential. In our interactions with employees, business partners and local communities, we seek to listen and respond to them honestly and responsibly.
Compliance
We comply with all applicable laws and regulations.
Living by our principles
Our shared core values of honesty, integrity and respect for people, underpin all the work we do and are the foundation of our principles.
Our principles apply to all transactions, large or small, and drive the behavior expected of every employee in the company in the conduct of its business at all times.
We are judged by how we act. Our reputation will remain intact if we act in accordance with the law and our principles. We encourage our business partners to operate by them or by their own equivalent principles.
We encourage our employees to demonstrate leadership, accountability and teamwork and to contribute to the overall success of our company. It is the responsibility of management to lead by example, to ensure that all employees are aware of these principles, and behave in accordance with the spirit as well as with the letter of this statement.
The application of these principles is underpinned by a comprehensive set of assurance procedures which are designed to make sure that our employees understand the principles and confirm that they act in accordance with them. As part of the assurance system, it is also the responsibility of management to provide employees with safe and confidential channels to raise concerns and report instances of non-compliance.
We believe in the notion of PREVENTION therefore all unpleasant incidents are preventable by mitigating or controlling risks.
All of ‘Prevention at Sea’ employees have a responsibility, to the company and to each other, to work with integrity and good judgment as well as within the law.
We apply the Code in all our joint operations, our company co-operations as well as with our clients. When participating in a joint venture not under ‘Prevention at Sea’s’ control we encourage to the best of our abilities the members to adopt similar principles and standards.
Our values
‘Prevention at Sea’ employees share a set of core values. These values are honesty, integrity and respect for people. We believe in the fundamental importance of trust, openness, teamwork and professionalism. We work towards preventing unpleasant incidents and safeguarding the human life, property and the environment.
Responsibilities
‘Prevention at Sea’ recognizes five areas of responsibility. It is the duty of management to continuously assess the priorities and discharge these inseparable responsibilities on the basis of that assessment.
1. To shareholders
To protect the shareholders’ investment and interests and provide a long-term competitive return.
2. To clients
To win and maintain customers by developing and providing products and services which offer value in terms of price, quality, safety, security and environmental impact.
3. To employees
To respect the human rights of our employees and to provide them with good and safe working conditions of employment.
To promote the development of the talents of our employees and to create a work environment where every employee has an equal opportunity to develop their skills and talents.
To encourage the involvement of employees and to provide them with channels to report concerns.
4. To those with whom we do business
To seek mutually beneficial relationships and to promote the application of ‘Prevention at Sea’ principles or equivalent principles in such relationships. The ability to promote these principles effectively will be an important factor in the decision to enter into or remain in such relationships.
5. To society
To conduct business as reasonable corporate members of society, to comply with applicable laws and regulations, to support fundamental human rights in line with the legitimate role of business, and to give proper regard to health, safety, security and the environment.
Economic
Long-term profitability is essential to achieving our business goals and to our continued growth. It is a measure both of efficiency and of the value that customers place on ‘Prevention at Sea’ products and services.
Competition
‘Prevention at Sea’ supports free enterprise. We seek to compete fairly and ethically and within the framework of applicable competition laws.
Business Integrity
‘Prevention at Sea’ insists on honesty, integrity and fairness in all aspects of our business and expects the same in the relationships with all those with whom we do business.
The direct or indirect offer, payment, soliciting or acceptance of bribes in any form is unacceptable. Facilitation payments are also bribes and should not be made. Employees must declare to their employing company potential conflicts of interest.
Health, Safety, Security and the Environment
‘Prevention at Sea’ has a systematic approach to health, safety, security and environmental management in order to achieve continuous performance management. We manage these matters as critical business activities, set standards and targets for improvement, and measure, appraise and report performance externally. We continually look for ways to reduce the environmental impact of our operations, products and services and to promote the “Prevention” culture.
Communication and Engagement
‘Prevention at Sea’ recognizes that regular dialogue and engagement with our stakeholders is essential. In our interactions with employees, business partners and local communities, we seek to listen and respond to them honestly and responsibly.
Compliance
We comply with all applicable laws and regulations.
Living by our principles
Our shared core values of honesty, integrity and respect for people, underpin all the work we do and are the foundation of our principles.
Our principles apply to all transactions, large or small, and drive the behavior expected of every employee in the company in the conduct of its business at all times.
We are judged by how we act. Our reputation will remain intact if we act in accordance with the law and our principles. We encourage our business partners to operate by them or by their own equivalent principles.
We encourage our employees to demonstrate leadership, accountability and teamwork and to contribute to the overall success of our company. It is the responsibility of management to lead by example, to ensure that all employees are aware of these principles, and behave in accordance with the spirit as well as with the letter of this statement.
The application of these principles is underpinned by a comprehensive set of assurance procedures which are designed to make sure that our employees understand the principles and confirm that they act in accordance with them. As part of the assurance system, it is also the responsibility of management to provide employees with safe and confidential channels to raise concerns and report instances of non-compliance.
We believe in the notion of PREVENTION therefore all unpleasant incidents are preventable by mitigating or controlling risks.
