Zero tolerance for bribery and corruption
Within Concordia Maritime, Stena Bulk and Northern Marine Management, there is zero tolerance for all forms of corruption, including zero tolerance for all types of bribery, extortion, nepotism, racketeering and misappropriation. In addition, work is also in progress to completely eliminate facilitation payments, which have been relatively common in shipping and can still occur.
Group-wide whistleblower function
Within the Stena Sphere, there is a Group-wide whistleblower function. Employees who discover something that violates Concordia Maritime’s, Stena Bulk’s or Northern Marine Management’s codes of conduct, values, policies or applicable law are able report the malpractice anonymously. The service is provided by an external partner and all information is encrypted, which further strengthens security. In 2017, no cases were reported that had a bearing on Concordia Maritime’s operations, staff or seagoing employees.