Leading Industry Governance

Our operating model already builds on pioneering industry governance initiatives such as our sanctions compliance and anti-bribery and anti-corruption measures. Establishing Leading industry governance as one out of three fundamental pillars in our responsibility framework therefore falls naturally in line with our ambitions to put this in practice across our business.

In the future, we will continue leading the race for transparency and accountability across the bunkering industry and hope to inspire others with our responsibility initiative.

In total, six different initiatives fall under this pillar.

Challenging bribery and corruption

By tightening our internal policies and linking our work closely with the Maritime Anti-Corruption Network (MACN), we are doing our utmost to allow fair trade to the benefit of society.

Internally, we mitigate bribery and corruption risks throughout our business via our mandatory Anti-Bribery & Anti-Corruption e-learnings and internal policies for gifts, donations and hospitality.

Looking ahead, we will pursue further opportunities to actively engage with our peers on Anti-Bribery & Anti-Corruption as an active member of the MACN, Danish Shipping and The International Bunker Industry Association (IBIA).

Instituting robust and transparent corporate governance

We focus on maintaining a robust and transparent corporate governance that safeguards the interests of Monjasa and our stakeholders. Through ongoing ISO 9001 audits, we continuously review the effectiveness of our internal policies, procedures, reporting lines and escalation channels in place when exercising compliance and vetting of our counterparties.

Enhancing due diligence and sanctions compliance

We continue to lead the oil and shipping industry in sanctions compliance and governance. Through continuous review and active development of our policies, procedures and systems, we proactively ensure sanctions compliance.

At the same time, our focus is on driving industry awareness and building knowledge to mitigate sanctions risks.

Prioritising quality of operations

By providing our customers and stakeholders with full transparency in their operational engagements with Monjasa, our ambition is to remain partner of choice when it comes to quality. Our focus is on further developing digital solutions that provide full transparency to the full value chain of supply.

Securing GDPR compliance and data governance

Monjasa’s GDPR taskforce works closely together to protect our data and to ensure compliance with data protection regulations across all Monjasa entities. Through continuous review of security procedures, system access, and handling of customer data, we ensure a regularly updated and monitored GDPR framework aligned with the ISO 27001 standard.

Enhancing cybersecurity

To reach the desired level of information security, we utilise different initiatives, such as internal audits, technical security tests, configuration review, threat intelligence gathering, log analysis, and user behavioural analytics.

Equally important, Monjasa carries out continuous IT security and privacy training of our employees.

In 2020, we also implemented enhanced cybersecurity frameworks on board our vessels to ensure compliance with the IMO 2021 cybersecurity requirements enforced from 1 January 2021.

 

Read more details about our initiatives to lead industry governance and the rest of Monjasa’s responsibility framework in our Responsibility Report.

Responsibility report

The annual Monjasa Group Responsibility Report contains all our responsibility initiatives.