ESG - With all respect
Our responsibilities in terms of Environmental, Social and Governance are not just good words written in our corporate polices but the way we all think and act. Throughout the organization from the sea to the land.
ESVAGT builds on a strong cultural heritage from fishermen. They knew that respect for nature and the ability to work together were crucial when making a living. Respect for nature, for our crew, and our business partners an is still very much at the heart of ESVAGT.
Supporting the green energy transition
Our ambition is to be the world leader in our business by avoiding harm to the environment and supporting the green energy transition.
The course is set on zero emissions
The nature is a key priority for us. Our ambition is to be the world leader in our business area by avoiding harm to the environment and supporting the green energy transition. Our goal is to be CO2 neutral by 2035 and we aim for zero emissions by 2050.
What we do
Striving to reduce emissions, we have implemented more modern power systems on our vessels and replaced older and less fuel-efficient vessels with more modern vessels. Now we are heading for the next step – zero-emission vessels.
Today, we are ready to build 100% battery-powered vessels, including a supportive power plant with hydrogen fuel cells, to ensure that we can maintain day-to-day operations in all circumstances. We look forward to putting the ship into operation when wind farms can provide us with charging facilities at sea. In a mature market, further we will also be able to convert existing vessels into battery-powered vessels.
Running a tight ship
At ESVAGT we have always valued taking a balanced approach to our business activities, and the ESVAGT Governance System comes down to ‘running a tight ship’. Our system secures that we operate in accordance with good and recognised governance principles as well as ensure our approach to the business reflects best practices in the industry.
Walk the talk
We are a company in the business of saving lives which requires a good moral compass. Orderliness, decency, and responsibility are the keywords in the way we think and act and embedded in our values. To make sure everyone is pulling in the same direction, we emphasise educating all our employees. Because even the best governance system is not worth the paper it is printed on if it is not fully accepted and used throughout the organization. We believe in Walk the Talk.
Fighting corruption and fraud
To fight corruption and fraud we have intensified our governance and compliance awareness programme. All new employees must undergo an e-learning programme and pass a mandatory test as part of the general onboarding process. Additionally, we have enforced strict procedures for accepting and registering hospitality payments.
Also, we have fully implemented a whistleblower system making it possible for all employees and stakeholders to safely and anonymously report concerns regarding a possible violation of the way we shall conduct our business as described in the ESVAGT Governance System and Code of Conduct.
The ESVAGT Code of Conduct
We have very high standards in ESVAGT and we expect the same from our business partners. Violation of our core values and policies is not tolerated. Therefore, the Code of Conduct is of particular importance to ensure that ESVAGT engages with appropriate business partners.