Our Commitment

On the surface, there are simply too many signs of a disturbed, unfair and imbalanced world. Looking back at the summer of 2018, it is a safe bet that future historians will point to increased tension and conflict between the mightiest powers.

By Elisabeth Grieg, Chair of the Board

They will probably write about the sad and self-centred efforts to dismantle a century of progress toward an exchange of goods, services, culture and knowledge within the framework of shared and trusted global institutions. They are most certainly going to stress the critical signs of climate change acceleration towards a disastrous tipping-point, and I hope some of them will tell the cruel stories of pain and human suffering amongst vulnerable families running for their lives away from war, poverty and despair.

Elisabeth Grieg, Chair of the Board at Grieg Star

It’s time to mobilize. Find inspiration, like the words of true leaders like President Barak Obama: «We have to get past the charity mindset. We’ve got to bring more resources to the forgotten pockets of the world through investment and entrepreneurship, because there is talent everywhere in the world if given an opportunity» That’s how he challenged every one of us in his Nelson Mandela Lecture this summer. And I fully agree. It is time that our sound values and good intentions are fueled by wealth, skills and resources in the service every citizen in our common global village call Earth. Not for the sake of our own legacy, but to protect decades of steadfast human progress and to make sure we still can hope for a prosperous and peaceful common future. The private sector should see itself as a strong and obvious partner in this important endeavor. Every serious company knows they do not act in a bubble or a silo. We depend on our suppliers, partners and employees. We depend on our customers and politicians. If something changes how they operate, it will change our business climate. The Earth is one big ecosystem. Change one thing, and everyone will ultimately feel the change. Global connectivity and interdependence don’t care much about brick walls and isolationism. Some might like to fool themselves -or rather their voters – but the truth is that we’re in this together, no matter language, gender, religion or the colour of our skin.  So, we better face the challenges together.

In the Grieg Star Group, we have made our choice. Ten years ago, we committed to the ten principles of the UN Global Compact. Now it’s time to step up our commitment. We have spent serious time investigating potential connections between societal needs and our businesses. From this year on, we have made the UN Sustainable Development Goals (SDGs) a base for our business strategy. The Grieg Star Group shall be more than a supporter and advocate of the SDGs. Through the strengths of our core business and competency, we shall be an engaged and committed enabler of the goals.

As a company, we have an obvious obligation to strengthen and grow our business. But our obligation to the larger society and our common future is of no less importance to us. The SDGs provides us with a roadmap. Pointing to the areas where mankind’s needs are most severe, current shortcomings most devastating, and actions most needed. From governments and citizens, but also from goods and services provided by the private sector. They encourage us in the Grieg Star Group to strive harder to save the life below water. To improve every aspect of our operations that could help reduce climate changes. To build a better logistic chain in support of economic and social development worldwide. (To offer better education to future colleagues and partners.) To never stop asking ourselves if there are inventions to be discovered, changes to be implemented or partnerships to be formed that could help in our joint efforts towards a fair, peaceful and sustainable future. That is our pledge.

The UN Global Compact is a strategic policy initiative for companies dedicated to sustainable business development.

Grieg Star Group committed to the ten principles of the UN Global Compact in 2008, and strives to implement these principles in our strategies and operative work. It is imperative that these principles become embedded in the way we conduct our business and thus our corporate culture. We promote and use our influence to voice UN Global Compact’s principles and ideas, and report on progress by applying the Global Reporting Initiative as our reporting standard.

There are many ways of showing how sustainable a business is. We have decided to work with EcoVadis to measure how we do. EcoVadis operates a collaborative platform providing Supplier Sustainability Ratings for global supply chains.

Our EcoVadis score in 2016 was 48, up by 10 points from 2015 and up 20 points from our start in 2014. The average in our business was 42.6 points in 2016. We still have work to do to document our sustainable business practices, and aim to score even better.

The Trident Alliance is a coalition of shipping owners and operators who share a common interest in robust enforcement of maritime sulphur regulations and are willing to collaborate to help bring it about. The strengths and attributes of the different members and partners will be used to drive the various strategies identified to improve enforcement.

Grieg Star is a member of the Trident alliance.

The threat of weak enforcement of sulphur regulations is escalating. Responsible industry is taking the initiative to mitigate this threat, in interest of the environment and human health, as well as creating a level playing field for business. By speaking with a united voice we have the greatest chance to bring about change

Grieg Star is a member of Rightship (www.rightship.com), who performs Risk- and Environmental Rating. Rightship inspects our vessels, and report and grade our quality based on their findings. In 2016 Rightship changed their rating system, making the numbers for 2016 not possible to compare with previous ratings.

The fleet average Environmental Rating improved from 3,5 in 2015 to 3,9 in 2016. In addition, our affiliation with ESI (Environmental Ship Index) has contributed to the growth in the Rightship system for our L-class and K-class. The newer tonnage scores higher on the ranking due to newer technology.