1. Raising the bar on the maritime industry
Elisabeth Grieg
Chair Grieg Star

2. Key challenges ONE PLANET = SHARED RESPONSIBILITY
More than 1 billion people live on less than 1,25 USD a day
Climate change – out of control?
Natural disasters, social unrest, regional conflicts, refugees
ONE PLANET = SHARED RESPONSIBILITY

3. Shared value
Creating economic value in a way that also creates value for society by addressing its needs and challenges
Global responsibilities
National responsibilies
Industry responsibilities
Company responsibilities
Individual responsibilities

4. The Grieg Group
International and diversified businesses based in Norway
Creating economic and social values in a long time perspective
Based on knowledge and production where employees’qualifications constitute a substantial part of the business capital
March 2012: 1732 employees
Gross revenue 2011: MNOK
Result before tax 2011 : MNOK

5. Grieg Star Fully integrated shipping company with 889 employees
Offices worldwide
Owns and operates 26 open-hatch vessels + order book of 10 vessels
Operate a fleet of modern conventional bulk carriers + 2 owned new buildings
Internal compliance committee
Grieg Green

6. Committed to sustainability
Creating lasting value through our common efforts
No harmful emissions to air and sea
No to corruption
Supply chain sustainability
Local engagements 6

8. Vision 2050: The new agenda for business
” Business will lead market change by doing what business does best:
Forming partnerships, creating efficiencies and competitive advantage,
seizing opportunities and meeting customer needs. At the same time, a shift
toward sustainability will trigger trillions of dollars in new investments in
infrastructure, technology and human services, creating new opportunities
for business to thrive and grow. ”

9. environmental friendly shipping
WG5
Working group on
environmental friendly shipping
Co-operation focusing on the evaluation and implementation of energy saving measures on board ships
Extended to include R&D institutions, universities and industry actors in order to create more robust knowledge and innovation platform
Joint projects include
Testing and verification of energy efficieny measures
Training programs for crew
Establish framework for measuring and monitoring CO2 emissions

10. Traditional process
Grieg Green process

11. Maritime anti-corruption network
MACN is an international business to business network consisting of approx. 15 shipping companies today.
Vision: A maritime industry free of corruption that enables fair
trade to the benefit of society at large

12. Suppliers and value chain
UN Global Compact
UK Bribery Act 2010
Hong Kong Convention
Ballast water convention
Ship Energy Efficiency Management Plan …

13. In conclusion…
”Inevitably, shipping, for so long an ’invisible industry’ operating far
beyond most people’s horizons, is now coming under intense scrutiny.
Already, stringent new regulations to reduce onshore air pollution will
require operators to cut their emissions of nitrogen oxides and sulphur
dioxide.
It is only a matter of time before they are
obliged to slash their carbon emissions
as well.”
- Sea change: cutting shipping’s carbon emissions, January 19th, 2011, Huw Spanner

14. “
It is not just a matter of what you do, but also how you do it ”