People and safety first

Safety is a core priority at Odfjell, guiding every aspect of operations at sea and onshore. We maintain a strong safety culture built on proactive risk management, comprehensive training, and continuous improvement.

Our commitment is reflected in our safety and health policy, which applies to all entities, employees, directors, and other representatives of Odfjell. The policy sets a clear zero-accidents objective, focusing on preventing personnel injuries through proactive measures.

The policy aligns with the International Association of Oil & Gas Producers’ (IOGP) Life-Saving Rules and requires strict compliance with health and safety regulations, empowering employees at all levels to identify hazards, manage risks, and stop unsafe activities whenever necessary.

In addition to protecting physical health, we offer programs designed to support mental health and overall wellness. By encouraging openness, learning, and shared responsibility, we continue to strengthen our safety culture and improve our performance over time.

With employees from more than 20 nationalities, diversity is an integral part of Odfjell's global organization. Different experiences, perspectives, and backgrounds strengthen our business, support better decision-making, and help us deliver to the highest standards.

Diversity is a source of innovation, strength, and resilience. We strive to build inclusive teams that bring together a wide range of skills, experiences, perspectives, and backgrounds.

Through inclusive recruitment practices, leadership development, and targeted initiatives to strengthen diversity, we continue to build a workforce that reflects our values.

Our aim is to foster a workplace where everyone is treated with respect and has equal opportunities to develop, contribute, and succeed.

A key priority is improving gender balance across the organization, particularly in parts of the maritime industry where women have historically been underrepresented. Our ambition is to achieve at least 30% female representation at all levels by 2030.

Respect for human and labor rights is a fundamental part of responsible business.

Across our operations, vessels, offices, terminals, and value chain, we are committed to treating people with dignity, fairness, and respect. This commitment also forms the basis of our relationships with employees, suppliers, and affected communities, and is embedded in our code of conduct and human rights policy.

Odfjell's Code of Conduct establishes the principles governing all aspects of our business, emphasizing high ethical standards, respect for human rights, and compliance with applicable laws.

Our human rights policy builds on these principles by explicitly addressing issues such as forced labor, child labor, and human trafficking.

We apply a structured human rights due diligence (HRDD) process based on the OECD guidelines. This includes identifying, preventing, and mitigating potential adverse impacts on people through continuous monitoring and stakeholder engagement.

The annual human rights impact assessment (HRIA), which informs our risk assessments and action plans, has concluded that the risk of exploitative labor within Odfjell’s direct operations is low, due to strong recruitment practices, local oversight, and internal controls.

Protecting people's health and safety is a shared responsibility across Odfjell's operations and value chain.

Our approach combines preventive measures, risk awareness, tailored training, and continuous improvement across all parts of the business.

We closely monitor safety performance and use key indicators to identify trends, strengthen controls, and learn from experience. Our ambition is zero injuries and incidents, and we track key metrics such as Lost Time Injury Frequency (LTIF).

We report injuries and safety metrics for all operations where we are responsible for HSE performance, distinguishing between shore-based staff and crew on Odfjell-managed vessels.

We place extra focus on higher-risk operations, such as external shipyards, ports, and third-party terminals. We also address security threats, including piracy and geopolitical risks.

Through clear oversight, strict protocols, and close cooperation with partners, we safeguard all workers and keep health and safety central to our operations and sustainability efforts.

Odfjell recognizes that human rights risks can exist throughout the global maritime value chain. These risks may be linked to activities such as shipbuilding, vessel maintenance and dry-docking, fuel production, port operations, and ship recycling, as well as work carried out by suppliers, contractors, and third-party service providers.

Annual corporate human rights impact assessments (HRIA) and risk evaluations help us identify, monitor, and address potential and inherent human rights impacts.

To manage these risks, we engage directly with stakeholders, enforce supplier accountability, and implement targeted measures to uphold labor rights. This proactive, structured approach embeds human rights into our value chain strategy, protects workers' welfare, and supports a fair and socially responsible transition to sustainable shipping.