UN Global Compact
United Nations Global Compact
Farstad Shipping is associated with United Nations Global Compact at a GC Active level. Our annual report with regard to the UNGC’s ten principles within human rights, labour rights, environment and anti-corruption demonstrates our commitment to progress and transparency. The ten principles are a management platform for developing and implementing responsible and sustainable guidelines as well as procedures, and can be found under "Related External links" in the menu to the left.
Code of Business Conduct
Our business shall be conducted in accordance with current laws and regulations as well as good business practice. Farstad Shipping Code of Business Conduct was implemented in our organization during 2014 followed by ongoing periodic training for all employees. The presentation of the document throughout our company has engaged our sailing crew and office staff in discussions on how to continue this work and the ongoing process of living our Values and thereby following our Code of Business Conduct on all levels.
Our Code of Business Conduct is governing for our employees and anyone representing the Company. Anti-corruption is a prioritized area. Information to all employees, including guidelines and training, is communicated throughout our organization. Through our follow up of suppliers we continue to point at the obligation to keep accurate records of business and financial transactions. We focus on the third party, and on financial transactions undertaken on Farstad Shipping’s behalf. This will help secure good and regulated working conditions for anyone involved in the manufacturing of goods and services to our company.
The code, along with our endorsement of the United Nations Global Compact, also provides clear indications with regard to the principles about human rights, labour rights, environment and anti-corruption.