Knutsen Group is committed to ensuring that all business operations are carried out in an ethical and responsible manner. Safety, health, security, governance and environmental compliance are incorporated into all aspects of our business, from vessel design and day-to-day operations at sea and onshore, through to the end of a vessel’s life, satisfying not only internal protocols but also the demands of our customers and rules and regulations at the national, regional and international level.
The transition towards a more sustainable economy remains on top of the global agenda, and regulations addressing this area are increasing. We are closely monitoring new developments, and the Company is well positioned to meet upcoming regulatory requirements. To meet climate goals and align with the targets set by the International Maritime Organization (IMO) we are actively engaged in improving our Energy Efficiency Existing Ship Index (EEXI) and Emission Reduction Trajectories (CCI ratings). Close cooperation between all relevant players including owners, regulators, charterers and funding institutions, will be essential.
The Company’s environmental plan has a long-term focus, whilst at the same time, the plan is reviewed regularly to ensure it adapts to rapidly changing regulations and new technologies. To meet the different environmental challenges faced by the Company and to find solutions to these, we have established an internal environmental group consisting of naval architects, environmental and operational personnel.
Knutsen believe that transparent and good corporate governance drives value creation through aligned stakeholders as well as company interests.
Knutsen’s core values are credibility, innovation and care. These values shall reflect our performance of the work including our relation to each other, our customers, suppliers and society in general. These values and commitments shall contribute to the foundation and further development of the confidence towards the company and clients.
Our ESG reports have been compiled in accordance with the Norwegian Shipowners’ Association’s (‘NSA’) ESG reporting guidelines. These guidelines are based on a set of predefined material issues and corresponding disclosures for the shipping industry developed by the Sustainability Accounting Standards Board (‘SASB’) and we also reference the UN Sustainable Development goals.
Code of Conduct
The Code of Conduct defines the core legal and ethical standards and applies to all Knutsen directors, managers and other employees. It is the personal responsibility of each director, manager and other employee to duly respect all restrictions imposed by those laws, rules and regulations, including those relating to accounting and auditing matters.
Please find the Code of Conduct KOAS
Supplier code of conduct
The Supplier Code of Conduct defines the core legal and ethical standards we expect from all our suppliers, any subsidiary, other associated company or companies under management of KNOT Management are required to operate.
Transparency Act Report
Knutsen Group shall promote and respect fundamental human rights and decent working conditions in connection with the performance and execution of carry out business, including monitoring of, and have clear expectations and requirements to our suppliers and partners to do their business in line with the requirements set forth in Norwegian ¨Act relating to enterprises and work on fundamental human rights and decent working conditions (Transparency Act)¨.
Knutsen Group have established specific procedures and risk mitigation barriers that aim to ensure fundamental human rights for all personnel working on or behalf of Knutsen Group.
Please find the Knutsen Group Transparency Act Report .
Membership of MACN – Maritime Anti-Corruption Network
Knutsen has been an active member of MACN – Maritime Anti-Corruption Network since 2014. This is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large.