Anti-corruption

Anti-corruption

Corruption is a systemic issue in many parts of the world, undermining social and economic development and destabilising the environment for doing business. In 2017, we continued our fight against facilitation payments. Maersk Line owns roughly half of the vessels in our operated fleet. Compared to 2016, we reduced facilitation payments by 96% on Maersk Line-owned vessels. This is the result of our facilitation payment elimination strategy, launched in 2015, which led to major reductions during 2016, and allowed us to address remaining issues in 2017. Damco reduced facilitation payments by over 50% in 2017, by establishing compliance positions across the company and by moving ahead with initiatives related to third parties, for example vendor training days, Code of Conduct re-certification, pre-screening and audit activities.

Read more on pages 38-39 of our Sustainability Report 2017