Anti-corruption: Putting all systems to work
Solvang’s anti-corruption achievements come from highly integrated operations, putting ethics, fair competition, and safety to work across all activities
At Solvang, ethical conduct, fair competition, and occupational safety are embedded into how vessels are operated, how decisions are made, and how people are protected at work.
This integrated approach is anchored in Solvang’s anticorruption policies and procedures, covering the entire organization—from vessels and offices to suppliers and business partners. It is available to all employees in the SMS, Solvang’s ship management system. This is complemented by posters in captains’ offices.
Training and awareness initiatives are carried out regularly, including at company conferences held three times a year. Approximately 80% of relevant staff – primarily captains and chief officers who are most exposed to risk – received targeted anti-corruption training during the reporting period.
GRI references
GRI 205-1 Operations assessed for risks related to corruption: All. Solvang uses structured risk assessments (RA) and management-of-change (MOC) processes to ensure that new or altered activities are evaluated before implementation.
GRI 205-2 Communication and training about anti-corruption policies and procedures: Monthly feedback, experience-sharing forums, management reviews, and the “Living the Vision” programme.
GRI 205-3 Confirmed incidents of corruption: None; and actions taken: None.
Standing firm against corruption
Shipping operations often take place in environments where demands for facilitation payments or informal “gifts”are common. Solvang recognizes this risk and addresses it head-on, with particular focus on port stays where exposure risk is highest.
“We maintain a culture of reporting all incidents of attempted corruption, and to keep updated maps of high-risk areas», states Mr. Per Øyvind Nedrebø, HSEQ and Performance Manager in Solvang.
Reports received during 2025 confirm that the system works as intended: incidents reported were of a petty nature—typically involving low-value items such as soft drinks or cigarettes—and no cases exceeded USD 500. Importantly, the absence of more serious cases is not taken for granted; instead, it reinforces the need for vigilance, reporting, and transparency.
MACN
Solvang consistently reports confirmed cases to the Maritime Anti-Corruption Network (MACN), contributing to collective industry learning and reinforcing a zerotolerance approach. Anti-corruption clauses are standard in contracts, and integrity checks—such as Know Your Customer (KYC) processes—which apply to assessing partners, including joint ventures and consortia.
Fair competition as a baseline
While Solvang’s HSEQ function does not lead competition law training, it contributes to the broader compliance environment by ensuring that ethical expectations are clearly communicated in commercial and operational
activities and that potential risks are escalated appropriately.
Any legal matters related to competition or anti-trust are handled through established corporate governance channels, ensuring separation of responsibilities while maintaining transparency and accountability.
Safety as a shared responsibility
Solvang’s occupational health and safety management system covers all employees, no exception. It is implemented in strict accordance with the International Safety Management (ISM) Code and supported by the Maritime Labour Convention (MLC) and IMO’s STCW (International Convention on Standards of Training, Certification and Watchkeeping for Seafarers). The system is certified in accordance with ISO 14001:2015.
Solvang’s anti-corruption achievements come from highly integrated operations, putting ethics, fair competition, and safety to work across all activities. SOLVANG ASA ESG REPORT 2025 SUSTAINABLE GOVERNANCE
33 ANTI-CORRUPTION Solvang uses structured risk assessments (RA) and
management-of-change (MOC) processes to ensure that new or altered activities are evaluated before implementation. Generic risk assessments—covering activities such as mooring—are adapted to specific conditions and reviewed after each use. All documentation is maintained in a central digital system accessible to all vessels and staff.
Lessons learned are shared through multiple channels, including monthly feedback, experience-sharing forums, management reviews, and the company’s “Living the Vision” programme.
Continued prevention
Solvang continuously considers health and safety impacts linked to business relationships. While no significant risks were identified at contractors or suppliers in 2025, the company continues preventive measures. This includes
technical inspections, internal audits, and regular dialogue with vessels and partners.
Data on work-related injuries and ill health are monitored centrally, enabling trend analysis and continuous improvement. Preventive efforts focus on training, technical integrity, regular inspections, and structured follow-up—recognizing that safety performance is built over time, not achieved through isolated actions.
Sanctions policy
Solvang adheres to economic or trade sanctions laws, regulations, embargoes or restrictive measures carried out by:
The United Nations;
The United States of America;
The European Union, or member states;
The United Kingdom;
As a rule, Solvang follows the blocked nationals and persons list issued by OFAC, and the targets and investment ban list issued by HMT.
Solvang enforces our sanctions policy by the following means:
Due diligence audits, particularly towards vessel buyers and new clients;
Sanctions clauses in all contracts, encompassing time and voyage charter parties, covering all major transactions;
Norway, or any countries to which any of these are bound, as well as their institutions and agencies, and special sanctions authorities;
Routine sanctions compliance checks among suppliers;
Use of legal counseling in contractual negotiations.
