TSC Annual Report 2024 final - Flipbook - Page 38
ESG
Human Rights & UN Goal 16
– Peace, Justice and Strong
Institutions
Sound business behaviour and compliance with internal
and external regulations ultimately depend on the individual
employee’s acts. This includes safeguarding the values set out
in this sustainability report.
Risk-management Workshops
The Club has several channels through which employees can alert
management about abuse or wrongdoing. Annual risk workshops
are held under the auspices of the risk management function. These
workshops aim to target operational risks. These include fraud,
malicious damage, employment practices, business practices, and
workplace and public safety.
‘Near Misses’ Register
The Club has two web-based applications where risks and incidents
– “near misses” – in the organisation are registered. The 昀椀ndings are
compiled and presented to management and the Club’s board annually.
Whistle-blower Policy
The Club has a whistle-blower policy that enables employees to submit
con昀椀dential complaints through an external law 昀椀rm.
The con昀椀dential complaint may relate to, amongst others, noncompliance, any kind of illegal or unethical activity, or any other abusive
or erroneous behaviour that adversely impacts an individual, the Club,
its members, other stakeholders or the environment.
Human Rights – Employees & Business Associates
The Club’s work in identifying and mitigating risks includes several
tools that are used for safeguarding respect for human rights of
both the Club’s employees and the Club’s business associates. The
P&I insurance provided by the Club contains elements for enabling
due compensation to be reimbursed by the Club to its members for
compensating their seafarers for work-related illness and injuries
under applicable contracts, law and convention limits when serving on
insured ships.
Repatriation of Seafarers Following Abandonment
The P&I insurance has been extended to include 昀椀nancial security,
required under the Maritime Labour Convention, for repatriating
seafarers and up to four months’ wages in case their employer
abandoned the seafarers on a ship entered with the Club for P&I risks.
This was done in response to a request put forward by the International
Labour Organization.
38 The Swedish Club | Annual Report 2024
