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OCEANS OF KNOW-HOW
J. LAURITZEN A/S
CORPORATE RESPONSIBILITY 2011
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 20112
Questions regarding this report or J. Lauritzen Corpororate Responsibility:
Jens Søndergaard
Senior Vice President, Head of Corporate Communication
Phone: +45 33 96 84 01
Email: [email protected]
Kathrine GeislerCorporate Responsbility assistent, Corporate Communication
Phone: +45 33 96 84 35
Email: [email protected]
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 2011 3
HIGHLIGHTS 2011 4
HUMAN AND LABOUR RIGHTS 5
HEALTH, SAFETY AND SECURITY 8
ENVIRONMENT AND CLIMATE 10
ANTI CORRUPTION 13
TABLE OF CONTENTS
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 20114
“CORPORATE RESPONSIBILITY IS A MINDSET WHERE WE, AS A COMPANY, ARE ALLOWED TO WIDEN OUR SCOPE AND FOCUS ON
LONG-TERM VALUE CREATION – A MINDSET THAT IS ALSO CLOSELY ALIGNED WITH THE OBJECTIVES OF THE LAURITZEN FOUNDATION”
Torben Janholt, President and CEO
WHY CORPORATE RESPONSIBILITY?
Sustainability, corporate citizenship, environ-
mental responsibility, corporate social responsi-
bility or in brief CSR are some of the various
terms used when companies communicate
their sense of responsibility towards society. JL
has chosen to use the term Corporate Responsi-
bility in the Group’s reporting because it simply
captures the corporate commitment and em-
braces responsibility at large – favouring social,
environmental and ethical behaviour. JL regards
Corporate Responsibility as an adequate term
for the Group’s miscellaneous initiatives.
WHAT ISGLOBAL COMPACT?
The United Nations Global Compact is a strate-
gic policy initiative for businesses that are com-
mitted to aligning their operations and strate-
gies with ten universally accepted principles in
the areas of human rights, labour, environment
and anti-corruption.
www.unglobalcompact.org
HIGHLIGHTS 2011
JL continuously strives to be transparent and eth-
ical in providing world-class transportation ser-
vices. In 2011 the Group decided to strengthen
and formalize its Corporate Responsibility (CR)
processes. JL believes that a stronger focus on
CR carries many strategic advantages and
matches the Group’s ethical business foundation.
With our CR commitment, JL is able to increase
value for its owners, employees, clients and busi-
ness partners.
FOCUS ON ORGANISING
An interdisciplinary CR committee with represen-
tatives from both the corporate and business unit
levels was established in 2011 with the aim of de-
veloping a sustainable CR strategy as well as the
practical tools needed to ensure effi cient imple-
mentation. The committee reports to JL’s Execu-
tive Committee.
TOP LEVEL COMMITMENT
In August 2011 JL signed the United Nations
Global Compact, which provides a framework for
addressing issues on human and labour rights,
the environment and anti-corruption, all themes
that JL encounters as an international shipping
company. JL regards this commitment as a stra-
tegic platform for taking a structured approach to
sustainability issues.
GAP-ANALYSES HAVE CREATED INSIGHT
JL acknowledges that it is crucial for the Group’s
future CR initiatives to identify strengths and
weaknesses in relation to the Global Compact
framework. Gap analyses have therefore been
conducted on corporate as well as at business
unit levels and have provided the Group with sys-
tematic insights into CR performance and chal-
lenges. In 2012, JL will continue to work with
these fi ndings with the aim of aligning existing
and future CR initiatives.
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 2011 5
HUMAN AND LABOUR RIGHTS
As shipowner and operator with world-wide op-
erations, JL is facing challenges ashore and at
sea when it comes to human and labour rights.
The present scope of the Group’s social responsi-
bility ashore focuses on corporate human re-
source issues such as competency development,
terms of employment, recruitment and diversity.
Aboard JL’s vessels, social responsibility is close-
ly linked to health, safety and security issues.
COMPETENCY DEVELOPMENT MAKES US AGILE
JL’s employees are our most valuable asset. They
are responsible for achieving development and
sustainable growth as well as ensuring that JL is
able to meet its goals. Again in 2011, high priority
was given to competency development with the
aim of improving employees’ ability to handle de-
manding, new tasks as well as the changes and
challenges that are part of international shipping.
During the year, Corporate HR worked with Dan-
ish and international providers of competency
development to customize several of JL’s pro-
grammes and courses. Several of the pro-
grammes were rolled out across the diff erent
business units and with their overall responsibility
for the ongoing development of the skills of their
personnel, managers were closely involved in the
design process. The programmes included em-
ployees from head offi ce as well as our overseas
offi ces. It is JL’s experience that in-house pro-
grammes and courses not only provide
participants with new skills and knowledge but
also help staff work together better, with better
communication and understanding between the
employees of the individual departments and
business units.
TERMS OF EMPLOYMENT GOES OVERSEAS
In order to ensure that the Group’s terms of em-
ployment are competitive and in line with indus-
try standards, JL annually reviews Group policies
and terms of employment for all JL employees.
With our stronger commitment to CR, JL has
sharpened the Group’s focus on equal rights and
opportunities for all employees regardless of na-
tionality and geographical location. JL’s largest
overseas offi ce in Singapore is an example of
how local employees’ families have been off ered
health insurance schemes - the same practice
also applies to JL’s other overseas offi ces.
”WE BELIEVE THAT WE CAN SUPPORT OUR EMPLOYEES AND BUSINESS UNITS IN THEIR DEVELOPMENT THROUGH CONTINUOUS ADJUSTMENT OF JL’S TRAINING ACTIVITIES AND THROUGH THE
DEVELOPMENT OF NEW INITIATIVES” Tove Elisabeth Nielsen, Senior Vice President, Corporate Human Resources.
J. LAURITZEN HEADOFFICE IN COPENHAGEN
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 20116
RECRUITMENT
After the past years’ organisational growth at
head offi ce in Copenhagen and at the Group’s
overseas offi ces, the number of new employees
in 2011 was moderate and mainly due to replace-
ment. JL regards the many applications received
from well-qualifi ed candidates in 2011 as a posi-
tive sign of the Company’s reputation as an at-
tractive and responsible employer.
In addition to taking on trainees, JL has off ered
internships of various durations to Danish and in-
ternational students as well as young candidates
from the Group’s international business partners
as a supplement to their training or career orien-
tation.
EMPLOYEE DEVELOPMENT
At year-end 2011, JL’s total headcount was 1,384
compared to 1,200 in 2010, with a total of 181
working at head offi ce in Copenhagen, 53 in the
overseas offi ces, 7 in site teams, and 1,143 at
sea, cf. fi gures 26-27.
The total workforce, in particular seagoing per-
sonnel, increased due to the growing number of
owned vessels.
In 2011, staff turnover was 14.3% compared to
15.2% in 2010. Adjusted for secondments to/
from overseas offi ces, staff turnover amounted to
12.6% in 2011 compared to 8.45% the year be-
fore that, also including adjustments for out-
sourced staff .
The seemingly higher staff turnover in 2011 was
due however to the fact that a number of posi-
tions vacated during the year were either not re-
placed by a new employee but by an internal can-
didate or the position was not fi lled at all. The
latter solution has been made possible through
JL’s ongoing lean process with the aim of increas-
ing effi ciency throughout the Group.
Average years of service increased to 9.3 years in
2011 compared to 9.2 years in 2010, and average
age increased from 43.9 years in 2010 to 44.3
years in 2011.
NEW INITIATIVES IN THE PIPELINE
During 2012, JL expects to further strengthen the
Group’s competency development initiatives and
two larger programmes are in the pipeline.
A new graduate programme directed towards
candidates who holds a bachelor degree, will be
implemented during the second half of 2012. JL
has been working closely with several Danish
shipping companies to set up this programme,
which is aimed at matching trainees’ competen-
cies with global shipping demands. As bachelor
graduates, the candidate’s academic level will be
in line with international candidates. The gradu-
ate programme will replace JL’s existing trainee
programme.
JL will start to develop and implement a talent
programme in 2012. The programme is directed
towards employees in positions that require spe-
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 2011 7
J.LAURITZENSCOLARSHIP
With the support from the Lauritzen Foundation, J.
Lauritzen Singapore has introduced a scholarship
for students enrolled under the Maritime Studies
programme at Nanyang Technological University
(NTU) in Singapore. These scholarships provide fi -
nancial support to young talented candidates who
do not have the funds to complete their studies.
Starting August/September 2012 and for the next
fi ve years. J. Lauritzen Singapore and the Laurit-
zen Foundation will jointly sponsor a student each
year.
“I HOPE THAT THE SCHOLARSHIP WILL BENEFIT A
GOOD STUDENT CANDIDATE AND INCREASE AWARENESS
OF J. LAURITZEN AS AN ATTRACTIVE EMPLOYER AND A
SOCIALLY RESPONSIBLE COMPANY”
Jesper Kragh Andresen President Lauritzen Off shore &
Managing Director Lauritzen Singapore Pte. Ltd.
Since its inauguration in 2005, J. Lauritzen Singa-
pore has had close contact to NTU, a provider of
high-quality shipping programme, and today JL
employs three NTU graduates.
Seagoing Head office Overseas offices Site teams
FIGURE 27: DISTRIBUTION OF WORKFORCE YEAR-END 2011
0
200
400
600
800
1,000
1,200
2009 2010 2011
Seagoing Head office Overseas offices Site teams
FIGURE 26: TOTAL WORKFORCE AT 2009-2011 YEAR-END
cifi c qualifi cations, for example in fi nance, ac-
counting and legal aff airs.
The new graduate programme and talent pro-
gramme are both expected to support and pro-
vide development and growth in the Group’s
commercial activities.
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 20118
HEALTH, SAFETY AND SECURITY
The well-being of JL’s employees is essential for
the Group’s business and JL thus constantly
seeks to develop and improve the Group’s health
and safety policies and procedures in accordance
with the legislation, regulations and the realities
of JL’s operations. Governing regulations such as
the Safety Of Life At Sea (SOLAS), International
Safety Management (ISM) code as well the up-
coming Maritime Labour Convention (MLC) and
its implementation in our corporate culture are
essential for the safety and health of JL’s crews.
Strict adherence to the International Ship and
Port Facility Security (ISPS) code and Best Man-
agement Practice (BMP4) on piracy is vital for es-
tablishing security for our crews operating in high
risk areas.
HEALTH IS A HUMAN RIGHT
For all technical management teams, the focus is
on health and safety policies, which are part of
the corporate culture on JL vessels. These poli-
cies are in place in order to ensure a systematic
focus on procedures and safe practices at sea
and involve a strong commitment by manage-
ment, a clear defi nition of responsibilities aboard
our vessels, regular shipboard audits, as well as
feedback and evaluation processes.
An important part of maintaining a good mental
health is the freedom and opportunity to both so-
cialize and enjoy privacy at sea. Staying in touch
with family and friends at home is also important
for the seafarers. Aboard JL vessels, cabins, gym,
computer facilities or the like help create a stimu-
lating environment with room for socializing, pri-
vacy and contact with family and friends at home.
At head offi ce, JL’s Occupational Health and
Safety committee develops and harmonizes the
working environment in accordance with Danish
regulations and internal suggestions gathered
from employee surveys. Agendas and minutes
from committee meetings are available internally
at JL in order to inform and involve employees of
the issues and solutions discussed in the commit-
tee.
HEALTH CONCERNING PHYSICAL, MENTAL AND
SOCIAL ASPECTS OF WELL-BEING OF EMPLOYEES IN ALL OCCUPATIONS IS DEFINED AS
A FUNDAMENTAL HUMAN RIGHT
OHSAS CERTIFICATION
In 2011 Lauritzen Off shore Services A/S became
the second shipping company in Denmark to
achieve Occupational Health and Safety
Management System (OHSAS) accreditation
with the Classifi cation Society Lloyds Register.
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 2011 9
FOR THE PAST THREE YEARS, LAURITZEN KOSAN HAS BEEN CONDUCTING REGULAR CREW
WELL-BEING SURVEYS TO ENSURE A CONSISTENT
APPROACH BY CREW AND THE OFFICE, BASED ON
GUIDELINES FROM THE UNITED KINGDOM MARITIME AND COASTGUARD AGENCY
(UK MCA)
SAFETY IS A CORNERSTONE
Working aboard any vessel in a challenging envi-
ronment with big, heavy equipment naturally
calls for comprehensive safety procedures. So it
is essential to match the safety cultures ashore
and at sea in order to harmonize and capture
knowledge on best practice and proactively en-
gage in various safety initiatives.
The Group works constantly to ensure the highest
level of safety at sea, for example by:
• Systematic support and feedback from the
offi ce on all safety issues to crew and clients
• Benchmarking of shipboard safety perfor-
mance
• Monitoring KPI results related to safety
aboard
• Safety awareness training for seafarers
LOST TIME INJURY FREQUENCY
The trend for work-related incidents, measured as
Lost Time Injury Frequency (LTIF), has declined
since 2006 and remained at almost the same lev-
el from 1.44 in 2010 to 1.46 in 2011. However,
2011 fi gures were still slightly above 2008, cf. Fig-
ure 28.
The Group’s bulk carrier, product tanker and fully
pressurised gas carrier operations rely on exter-
nal technical managers’ performance in terms of
hiring and training crews. So it is vital that the
business units maintain close, consistent dia-
logue with these providers in order to constantly
match expectations for safety.
SECURITY IS A CRUCIAL FACTOR
When it comes to security, JL’s concern is fi rst
and foremost towards our seafarers. JL thus
monitors, conducts risk assessments and uses
Best Management Practice (BMP4 – specifi cally
in the Gulf of Aden) when entering high-risk areas
to proactively protect seafarers, cargoes and JL’s
vessels. For more details on JL’s actions, high risk
areas and the piracy challenge see p. 50-51.
EMERGENCY RESPONSE
JL and all business units are equipped for dealing
with any potential emergency. The Group’s emer-
gency fl eet response system is specially designed
for each business unit to ensure eff ective manage-
ment support for vessels; drills are conducted by
emergency management teams together with
vessels to train in responding and testing emer-
gency procedures. Eff ective management of
emergency situations is crucial for JL and the
Group’s business partners as life, the environ-
ment, assets and customer relations are at stake.
A review of emergency responses for offi ce con-
tingency planning at head offi ce ashore is being
carried out in 2012. The project aims to ensure
that updated response plans are in place.
2.46
1.13
2.64
1.44 1.46
0
1
2
3
2007 2008 2009 2010 2011
FIGURE 28: LOST TIME INJURY FREQUENCY (LTIF)* 2007-2011
*LTIF IS AN EXPRESSION FOR THE FREQUENCY OF LOST TIME INJURIES PER ONE MILLION MAN HOURS
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 201110
ENVIRONMENT & CLIMATE
The past few years have seen increasing aware-
ness of climate change due especially to emis-
sions. This, and with the aim of making cost sav-
ings, has generated momentum and new
business opportunities for greener sailing where
fuel savings equate to lower costs and an im-
proved bottomline. Emissions can also be further
cut, for example by optimising speed, trading
patterns and ballast voyages.
ENVIRONMENT INITIATIVES & ACTIONS
JL’s environmental activities are anchored in the
technical department of each business unit, fa-
cilitated by knowledge sharing from JL’s Techni-
cal Committee which serves as a coordinating
forum.
JL is pursuing a range of initiatives with the aim
of improving fuel effi ciency, reducing emissions
and mitigating the Group’s carbon footprint. The
various initiatives span retrofi tting projects for
JL’s existing vessels and for example, creating
benchmarking programmes for future vessels
when joining the JL fl eet. In 2011, the following
programmes were initiated:
• Development of a Ship Energy Effi ciency
Catalogue (SEEC) with business cases for ex-
ample on optimizing hull, turbocharger, main
engine performance, auxiliary equipment
and newbuildings.
• Internal launch of JL’s Energy Effi ciency Proj-
ect facilitated by Det Norske Veritas (DNV)
that includes focus on ship, voyage and
management performance in order to reduce
energy consumption and increase perfor-
mance.
• Development of procedures for screening
and benchmarking vessels to join the JL
fl eet.
• Ballast water treatment plants are being
screened, with several systems currently un-
der review with focus on identifying the most
eff ective, reliable and energy-effi cient plant.
REDUCING OUREMISSIONSIn 2011 JL initiated a joint Group project with the
objective of enhancing fuel-effi ciency and reduc-
ing the Groups’ emissions. The Energy Effi ciency
Project involves our bulk, gas carrier and product
tanker operations with the aim of identifying ex-
tensive solutions for more energy-effi cient opera-
tions. Our goal is to reduce fuel consumption and
cut emissions with up to 10% over the next two
years whilst also achieving signifi cant cost-sav-
ings. The project is facilitated by Det Norske Veri-
tas (DNV) and includes main- and auxiliary en-
gines, fuel and bunker management, energy
consumption and voyage planning.
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 2011 11
ENERGY EFFICIENCYINITIATIVES
Lauritzen Bulkers is combining diff erent initia-
tives to ensure optimal, energy-effi cient opera-
tions and Lauritzen Bulkers’ technical, operation-
al and commercial departments are working
closely with external partners to proactively iden-
tify the most energy-effi cient solutions for the
fl eet.
In 2011, Lauritzen Bulkers’ technical and ton-
nage department developed and implemented
an assessment tool to benchmark vessels with
the potential to join the fl eet. The tool assists the
tonnage department in identifying vessels with
the most energy-effi cient and cost-eff ective per-
formance. The technical department has also
started to develop a fl eet performance catalogue
to provide technology optimisation for newbuild-
ings as well as the existing fl eet. The catalogue -
Vessel Energy Renovation Plans (VERP) - covers
optimisation of auxiliary consumption (e.g.
pumps, fans and air conditioning), propeller opti-
misation, power factor correction, and hull-fi tted
fuel saving devices (e.g. Mewis Duct and Surf-
Bulb).
Fleet operations employ several systems such as
weather routing, autopilot optimisation, speed
management, trim optimisation, arrival manage-
ment, economical and slow-speed operation as
well as bunker management. All factors that on a
day-to-day basis provide the operations depart-
ment and masters aboard vessels with optimal
sailing recommendations, resulting in signifi cant
fuel savings. Further, a monitoring system on
each vessel monitors the performance of main
engine, hull condition, propellers and auxiliary
engines. This helps cut emissions and provides
more precise descriptions of vessels for the ben-
efi t of shippers and the environment.
In 2011 Lauritzen Bulkers increased its focus on
research and development of greener solutions
from participating in energy-effi ciency confer-
ences to a project partnership in Green Ship of
the Future (GSF), a collaboration between com-
panies throughout the Danish maritime industry
that focuses on developing projects to reduce for
example CO2, SOx and NOx emissions from ex-
isting ships and newbuildings.
SHIPPING & SUSTAINABILITY - HIGHLIGHTS
Climate change is a global challenge that calls for
global solutions. In July 2011, the IMO Marine
Environment Protection Committee adopted a
signifi cant package of technical and operational
measures to reduce shipping’s CO2 emissions
through amendments to MARPOL Annex VI. In
this way, IMO has demonstrated that it is possible
to deliver global solutions for shipping which JL
strongly supports.
MARPOL Annex VI was amongst other solutions
supplemented with the Energy Effi ciency Design
Index (EEDI) that sets technical standards for im-
proving the energy effi ciency of new ships and
the Ship Energy Effi ciency Management Plan
(SEEMP), which is an operational tool that focus-
es on monitoring and improvement of energy
performance. Both tools will apply globally for all
commercial fl eets and will become mandatory in
2013 – both tools should enable international
shipping to reduce its CO2 emissions.
Ahead of the 2011 UN Climate Change Confer-
ence (COP 17) in Durban, NGOs Oxfam and
WWF, and the International Chamber of Shipping
stated their support for global solutions to be
mandated by IMO. This approach shows that the
industry is taking its responsibilities for reducing
greenhouse gas emissions seriously, and was for
the fi rst time included in the fi nal conference doc-
ument, which makes climate regulation for ship-
ping a global matter.
“IN JL WE WELCOME THE ENERGY EFFICIENCY DESIGN INDEX (EEDI) STANDARD AND
SHIP ENERGY EFFICIENCY MANAGEMENT PLAN (SEEMP) TOOLS AND ARE ALREADY IN THE PROCESS OF ADOPTING AND DEVELOPING SUITABLE SOLUTIONS FOR OUR FLEET”
Jan Kastrup-Nielsen, Executive Vice President & COO
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 201112
FLEET ENERGY CONSUMPTION
In 2011, vessels technically managed by JL and
JL’s external ship managers, consumed bunker
oil equivalent to 4.8m MWh of energy. Average
energy effi ciency was 0.029 KWh/ton-kilometre
compared to 0.046 in 2010, cf. Figure 29, primar-
ily due to a signifi cant increase of newbuildings
delivered to the fl eet, which allowed for more ef-
fi cient transport work and thus signifi cant in-
crease in ton-kilometres (transport of one tonne
over a distance of one kilometre). Furthermore,
an increased tendency to slowsteam part of the
fl eet contributed to the decrease.
AIR EMISSIONS
The CO2 emissions were 5.60 gram per ton-kilo-
metre in 2011 down from 12.76 g/ton-kilometre
in 2010, cf. Figure 30.
NOx emissions dropped to 0.18 g/ton-kilometre -
and SOx to 0.09 g/ton-kilometre - the lowest
since 2006, cf. Figure 31.
0.00
5.00
10.00
15.00
20.00
2007 2008 2009 2010 2011
FIGURE 30: CO2 ENERGY EMISSIONS G/TON-KILOMETRE 2007-
2011
0.00
0.20
0.40
0.60
2007 2008 2009 2010 2011
SOx g/tonkilometer NOx g/tonkilometer
FIGURE 31: SOx & NOx EMISSIONS PER TON-KILOMETRE 2007-
2011
SYSTEMATIC APPROACH &ACCREDITATION
Lauritzen Kosan, Lauritzen Off shore and Lauritzen
Tankers have gained accreditation to ISO 14001,
an environmental management system standard.
Certifi cation provides JL’s business units with a
holistic, structured approach to identify, control
and improve environmental impacts through good
management practice.
INITIATIVESASHORE
JL’s Facility Management is dedicated to improv-
ing waste and energy consumption at head offi ce
in Copenhagen where a waste and recycling plan
has been implemented and in 2012 several activi-
ties will be initiated with the aim of reducing over-
all energy consumption.
0.000
0.020
0.040
0.060
2007 2008 2009 2010 2011
FIGURE 29: ENERGY CONSUMPTION KWh/TON-KILOMETRE 2007-2011
Emissions fi gures are based on actual consumption, oil quality and engine emission
factors and are calculated in accordance with IMO MEPC.1/Circ.684.
J. LAURITZEN A/S · CORPORATE RESPONSIBILITY REPORT 2011 13
ANTI-CORRUPTION
During the last decade corruption has become a
key topic on the global agenda. Corruption in
terms of bribes and facilitation payments is how-
ever not a new phenomenon and is known to be
an embedded part of doing business in certain
areas around the world. There is now a sharper
focus on enforcing existing or new laws and reg-
ulations, some even with extraterritorial eff ect.
AN INDUSTRY CHALLENGE
In the shipping industry facilitation payments
(payments made for a service one is already en-
titled to) are regrettably customary in some plac-
es of the world. As shipowner and operator JL
acknowledges that some of the Group’s seafarers
face situations that require facilitation payments.
JL also acknowledges that elimination of such
payments is crucial and can only be achieved
over time through joint action by the global ship-
ping community and by mindset changes in parts
of the world where facilitation payments are com-
mon, including governments eff ectively prevent-
ing their offi cials from demanding such pay-
ments.
ANTI-CORRUPTION POLICY
In 2011 JL updated the Group’s Anti-corruption
policy, which states zero tolerance towards brib-
ery and commits JL to work proactively against
facilitation payments and thus encourage busi-
ness partners, agents and public offi cials to com-
ply with international standards and legislation cf.
p. 47.
AWARENESS & PROGRAMME DEVELOPMENT
During 2011, the development of a business eth-
ics and compliance programme was initiated. An
internal awareness process on the challenges
and the fi ght against corruption has been on the
agenda at executive meetings during the year. A
dialogue with internal stakeholders was for-
malised, and this has contributed to systemati-
cally mapping JL’s exposure to bribery and facili-
tation payments, followed by a risk assessment in
order to create a compliance programme that is
proportionate to the challenges facing the Group.
JL also considers the fact that the Group depends
on business partners and suppliers that perform
services on behalf of JL. Therefore, the onward
perspective focuses on how JL’s due diligence
processes can more systematically embrace anti-
corruption before fi nalizing and implementing the
Group’s business ethics programme in 2012.
“THE FIGHT AGAINST CORRUPTION IS A FIGHT FOR A MORE TRANSPARENT GLOBAL
ECONOMY”
Birgit Aagaard-Svendsen,
Executive Vice President & CFO
JOINTACTION
JL participates in the Maritime Anti-Corruption
Network (MACN - established in January 2011) to-
gether with representatives from diff erent areas of
the shipping sector located in Denmark, Norway,
Germany, UK, US and Sweden. The purpose of the
network is to share best practice and align policies
and approaches in the fi eld of anti-corruption. One
of the ambitions of the network is to seek support
from governmental bodies and international orga-
nizations to target corrupt practices in challenging
environments and seek solutions to root causes
for corrupt practices.
OUTLOOK 2012IN 2012 JL WILL PREPARE AN OVERALL CORPORATE RESPONSIBILITY VISION
AND STRATEGY FOR THE GROUP, WHICH WILL INVOLVE A FIVE-YEAR ACTION
PLAN FOR THE FUTURE RESPONSIBILITY WORK
BRAZIL
Dan Swift do Brasil Serviços LtdaEd. ArgentinaPraia de Botafogo, 228 sala 60622.250-040 Rio De JaneiroBrazilPhone: +55 21 3266 1550
CHINA
J. Lauritzen Shanghai Co. Ltd.Unit 2306, Chong Hing Finance CenterNo. 288 Nanjing Road WestHuangpu District, ShanghaiChina 200003Phone: +86 21 6358 0066Fax: +86 21 6358 0077
JAPAN
J. Lauritzen (Japan) K.K.Kioicho Building 3 A, 3-12KioichoChiyoda-kuTokyo 102-0094JapanPhone: +81 3 3237 7431Fax: +81 3 3237 7858
PHILIPPINES
Lauritzen Kosan Manila Offi cec/o Crossworld Marine Services Inc.7th Floor, Sage HouseV.A. Rufi no StreetLegaspi Village, Makati City 1233Phone: +63 2750 5268Fax: +63 2892 7242
SINGAPORE
J. Lauritzen Singapore Pte. Ltd.1 Harbour Front Avenue#13-01/02 Keppel Bay TowerSingapore 098632Phone: +65 6275 8000Fax: +65 6275 7208
SPAIN
Gasnaval S.A.PAE IbarrabarriEdifi cio A-1C/Iturriondo 18E-48940 Leioa, VizcayaSpainPhone: +34 94 479 5600Fax: +34 94 416 7316
USA
J. Lauritzen (USA) Inc.4 Landmark Square, Suite 150Stamford, CT 06901USAPhone: +1 203 961 8661Fax: +1 203 964 0350
HEAD OFFICE
J. Lauritzen A/S28, Sankt Annae PladsPO Box 2147DK-1291 Copenhagen KPhone: +45 3396 8000Fax: +45 3396 8001Website: www.j-lauritzen.comCVR: 55 70 01 17
OWNER
Lauritzen Fonden28, Sankt Annae PladsDK- 1291 Copenhagen KPhone: +45 3396 8425Fax: +45 3396 8434Email: [email protected]: www.lauritzenfonden.com
FINANCIAL YEAR: 1 January – 31 December
AUDITORSKPMGOsvald Helmuths Vej 4PO Box 250DK-2000 Frederiksberg