Sustainable growth report 2024

People
In 2024, we introduced Radiant Fleet, a new HR system for our seafaring colleagues. This platform increases transparency by centralising all HR-related information, making it easily accessible, even on mobile devices. For office colleagues, we rolled out HiBob at the end of 2023. This system also contributes to transparency by providing access to our salary framework and scale structure.

Marine Assurance
Our Marine Assurance approach aims to proactively identify, manage and mitigate risks across the fleet, protecting our people, the environment, and the wider supply chain. We focus on managing risks at the source where possible, and mitigating them when elimination is not feasible. This approach supports the implementation of the new SIRE 2.0 inspection program, which became effective in September 2024. Technical readiness is essential for audits, which refers to the level of preparation a vessel and its operators have for SIRE inspections. This readiness ensures that equipment is up-to-date, operational procedures are aligned with SIRE 2.0 standards, and crew members are trained on the new inspection processes and safety culture. However, human factors are equally important.

We place a strong emphasis on continuous training, effective communication, and cultivating a safety-first culture. By ensuring our crew is well-prepared and informed, we strengthen their ability to respond effectively to risks.

Our Marine Assurance department supports seafaring colleagues before, during and after inspections, collaborating with colleagues from various onshore departments. Clear awareness of required actions and open access to information are key to implementing effective mitigations. The shared commitment to improve across the company is crucial in maintaining our reputation as a reliable and trustworthy partner.

Anti-corruption
As members of the Maritime Anti-Corruption Network (MACN), we are committed to raising integrity standards across the maritime industry. We actively contribute by reporting incidents, sharing experiences, and participating in MACN-led seminars. Our Payment in Kinds policy, included in our policy booklet and published on both BASSnet and our intranet, outlines a clear zero-tolerance stance towards bribery. Ahead of operations in high-risk areas, we proactively brief agents and Masters, emphasising that our company will not engage in any form of payment or bribery.

To reinforce this policy, each vessel displays a letter at the accommodation entrance, signed by our CEO, stating that giving or receiving gifts, money, or other benefits is strictly prohibited. This visible commitment serves as a daily reminder to uphold ethical business conduct. We also share real-life examples from our vessels on the intranet to further highlight our stance and raise awareness.

Progress
Our goal for 2025 is to publish our Sustainable Growth Report externally. We took the first step towards this by publicly releasing our 2022 report, followed by the 2023 edition. With these milestones achieved, we are well on track to meet our 2025 target. In 2025, we will define new transparency objectives for the medium and long term, setting clear targets for 2030 and 2035.