EXAMPLE PAGE - ANNUAL REPORT - THE SWEDISH CLUB - Flipbook - Sida 41
SUSTAINABILITY
Environmental, Social and Governance (ESG)
Naturally, given the nature of shipping, it is
impossible to eradicate all accidents. As risk
managers, insurers and investors, the Club,
along with other marine insurers, plays an
important role in promoting economic, social
and environmental sustainability and
development. The Club has a longstanding
commitment to assisting its members in
managing maritime risks and thereby
minimising the effect on the environment
and society.
The Club is committed to preventing
maritime accidents through proactive loss
prevention initiatives and risk analysis. By
providing proactive loss prevention and
relevant insurance solutions, the Club
minimises the consequences for the
environment and society as a whole at the
same time as it services its members.
Sustainability is, therefore and has for a long
time now been, at the core of what the Club
delivers.
ESG framework policy
The Club’s Board of Directors adopted an
ESG framework policy at its October 2020
meeting. The purpose of the Club’s ESG
framework policy is to provide the
organisation with a declaration of intentions
for the Club’s work on sustainability. The
policy aims at assisting in establishing a
common view of what sustainability means
to the Club as well as providing guidance to
its employees and members. The ESG
framework policy is a forward-looking
document that is subject to an annual review.
as identified by the UN, the blueprint for
achieving a better and more sustainable
future for everyone. The goals are all
interconnected and intended to address
global challenges. More information about all
17 goals is available on the following site: UN
Sustainable Development Goals
(https://www.un.org/sustainabledevelopmen
t/sustainable-development-goals/)
to avoid marine casualties, mitigate marine
risks and mitigate the environmental impact
generally through advice about fuel
management and information on
environmental regulations.
• UN Goal 14: Life below water: The Club
will work to safeguard life below water
through active loss prevention and
relevant insurance solutions for its
members.
The Club’s initiative Trade Enabling Loss
Prevention (TELP) is at the forefront of
providing shipowners with up-to-date
proactive loss prevention advice to prevent
and minimise losses and accidents at sea.
TELP was launched in January 2020 and is
a free-of-charge service for members to
increase safety awareness in specific areas
and ports worldwide, thereby reducing
claims. The information provided through
the TELP service was expanded and
enhanced further throughout 2021. TELP
has enabled efficient and targeted
distribution of information on claims
experience and risk factors as well as
relevant COVID advice to the Club’s
membership where their ships approach
particular ports.
The Club’s Loss Prevention team works in
close cooperation with the Club’s claims
handlers to understand and advise
members on what causes accidents.
Emergency Response Training is offered to
The goals the Club use as a framework for
members to stress test their organisations
its sustainability work are:
and create an understanding of how to
• UN Goal 3: Good health and well-being:
cooperate to handle and minimise the
The Club will promote health and safety
adverse consequences of maritime
in people’s working life, on-shore as well
casualties. The Club’s Marine Insurance
as off-shore.
Course and Marine Insurance Seminars,
made available to members and business
• UN Goal 12: Responsible consumption
partners on an annual basis, are important
and production: The Club will promote the means to educate and raise awareness of
responsible consumption of water,
the importance of marine insurance and
energy, and food.
casualty response.
• UN Goal 16: Peace, Justice and Strong
Institutions: The Club promotes the rule
of law and works against the use of
bribes and other illegal measures.
ESG risks in the Club’s business
segment
The main ESG risks in the Club’s business
segment as a marine insurance provider
are:
The Club’s ESG framework policy takes the
• Inadvertently providing insurance
four principles for sustainable insurance as
coverage for illegal fishing, illegal
defined by the United Nations Environment
shipping activities, intentional pollution,
Programme’s Finance Initiative (the UNEP FI)
and illegal scrapping of ships;
as their starting point:
a) To embed ESG in the Club’s decision
making
b) To raise awareness about ESG
c) To promote widespread action with ESG
d) To demonstrate accountability and
transparency within the ESG area
To further assist its work in the ESG area, the
Club’s ESG framework policy uses four of the
United Nation’s Global Goals for Sustainable
Development to provide a direction for the
Club’s further ESG efforts. The UN
Sustainable Development Goals (SDGs) are,
The Club participates in a comprehensive
risk-mitigating training programme through
The Swedish Club Academy. The
• Inadvertently providing insurance
programme was developed after realising
coverage for breaches of climate-related
that most marine casualties occur due to
emission levels, labour and trafficking,
human factors, and the objective of the
poor worker safety records and money
programme is to establish safe and sound
laundering.
attitudes and behaviour within
Below is an overview of how the Club works organisations. The training is conducted at
over 70 facilities in 31 countries, licensed by
to facilitate sustainability and mitigate the
the Club. The Club subsidises its members’
ESG risks of its business segments.
start-up fee when first signing up to
The environment and life below water participate in the programme.
The Club makes significant efforts to
safeguard environmental interests in its
routine work. As part of its loss prevention
activities, the Club regularly produces
publications and holds workshops on how
In 2020 the Club became an official
corporate member of the Big Blue Ocean
Cleanup, and the Club continued its support
throughout 2021. The Big Blue Ocean
Cleanup helps keep the oceans clean,
THE SWEDISH CLUB ANNUAL REPORT 2021
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