TSC Annual Report 2024 final - Flipbook - Page 34
ESG
UN Sustainable
Development Goals
adopted by the Club
The UN Sustainable Development Goals the Club uses
as a framework for its sustainability work are:
• UN Goal 14: Life Below Water: The Club will work to
safeguard life below water through active loss prevention and
relevant insurance solutions to its members.
• UN Goal 12: Responsible Consumption and Production:
The Club will promote responsible water, energy, and food
consumption.
• UN Goal 3: Good Health and Wellbeing: The Club will
promote health and safety in people’s working life, on-shore as
well as off-shore.
• UN Goal 16: Peace, Justice and Strong Institutions: The Club
promotes the rule of law and works against using bribes and
other illegal or illicit activities.
ESG risks in the Club’s Business Segment
The main ESG risks in the Club’s business segment as a
marine insurance provider are:
• Inadvertently providing insurance coverage for illegal 昀椀shing,
illegal shipping activities, intentional pollution from and illegal
scrapping of ships; and
• Inadvertently providing insurance coverage for breaches of
climate-related emission levels, labour and traf昀椀cking laws and
regulations, poor worker safety records and money laundering.
Following is an overview of how the Club works to facilitate
sustainability and mitigate the ESG risks within its business
segments.
34 The Swedish Club | Annual Report 2024
