Code of conduct 1 Introduction The purpose of this code of conduct is to ensure that Semco Maritime A/S and our partners, suppliers and stakeholders operate in accordance with internationally recognised minimum of standards on human rights, labour and the environment. Semco Maritime adheres to the principles of this code and expects the same of its partners, suppliers and stakeholders. The aim of this code is not to terminate business, but to help partners; suppliers and stakeholders improve social and environmental standards. Semco Maritime is therefore willing to work together with our partners, suppliers and stakeholders to achieve compliance with the provisions of this code. However, we will not conduct business with a company if compliance with the requirements of the code is deemed impossible. Nor will we conduct business with a company engaged in violations of fundamental human rights. Semco Maritime has joined the UN initiative, Global Compact, in October 2007. The participation in this initiative is relevant to the content of the code of conduct. The Global Compact and its principles will be part of our strategy, culture and day-to-day operations and Semco Maritimes will try to make a clear statement of this commitment – both to our employees, partners, suppliers, stakeholders, clients and to the public. The Global Compact’s 10 principles are within the areas: Human rights, Labour, Environment, Anti-corruption. Observance of the code will be an enforceable and enforced part of any agreement or contract between Semco Maritime and our partners, suppliers and stakeholders. Semco Maritime shall periodically review the adequacy and continuing effectiveness of this code of conduct. 2 General demands All Semco Maritime partners, suppliers and stakeholders are expected to comply with national laws and regulations and comply with the “Code of Conduct”. All suppliers are expected to know the business practices of their suppliers and subcontractors to ensure they operate within the scope of this code. 3 Human rights Semco Maritime support and respects the protection of the internationally proclaimed human rights and our suppliers are expected to support and respect these rights as well and make sure that they are not complicit in human rights abuses. 4 Working environment management system The working environment of Semco Maritime’s production in Denmark and Norway is certified according to the DS/OHSAS 18001 standard. This means that Semco Maritime engages in targeted and systematic efforts to continuously improve the working environment. Note: Hard copies are considered non-controlled documents. This document is the property of Semco Maritime and must not be reproduced partly or completely in any form, without the written permission from Semco Maritime. Document no.: POL-SEMCO-0013 Revision no.: 00 Prepared: JHN Checked: JGEH Approved: JTCH Page 1 of 7
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