ENVIRONMENTAL AND SOCIAL GOVERNANCE

OSM is committed to contributing to the global footprint by aiming at conducting business in a sustainable and responsible manner.
OSM is involved also in activities to improve the energy efficiency of its operations at all levels and at the same time is involved in the renewable energy segments such as Wind. To OSM, working responsibly means seeking to have positive impacts on the areas where we operate.

OSM is committed to conducting business in a responsible, ethical and sustainable manner. We aim to create long-term value for the companies with which we partner and are committed to making a positive impact on local communities. The work we do involves supporting local communities to develop, both socially and economically. We build capacity in local communities by supporting education and by training local employees and providing support to our employees' families.

OSM joined the UN Global Impact in the year 2017 under one of the operating units “Crew Management”. From 2018 onwards, the sustainability report was expanded to include relevant data and statistics from the whole OSM group. OSM Maritime Group confirms and renews the commitment to continuously support the United Nations Global Compact and its Ten Principles in the areas of Human Rights, Labor, Environmental Protection, and Anti-Corruption.

Latest Sustainability Report

Human Rights


OSM is has a staunch approach towards human rights. We support the Universal Declaration of Human Rights to respect human rights and protect our employees against human rights abuse.

OSM has a Corporate Social Responsibility and Sustainability Commitment Policy (FCV-H.06) which clearly states:

OSM regards the respect for human rights as a fundamental value. This is governed by the Company’s core values to be Responsible, to be Team builders, to be Friendly and Always on. OSM endeavours a due diligent approach to identify and prevent human rights risk internally through our  established framework of management systems and externally through established service level agreements.

Furthermore, we support and respect the protection of internationally proclaimed human rights; and make sure that we are not complicit in human rights abuse.
The Human Resource Policy also includes statements that OSM adopts a fair, just system of selecting candidates for the positions available. All OSM employees are always reminded to refrain from any mental or physical coercion, sexual harassment/abuse, or any other form of harassment onboard or onshore.

LABOUR


OSM is a Maritime Labour Convention (MLC), 2006 certified and accredited by local authorities in countries that did not ratify it yet. The Maritime Labour convention governs the minimum requirements for seafarers to work on board a vessel and the conditions of employment, accommodation, food and catering onboard, recreational facilities, health protection, medical care, welfare, social security protection and financial security.

The company has zero tolerance for harsh or inhumane treatment, unlawful harassment in any form and regardless of intent including sexual abuse, corporal punishment, mental or physical coercion and verbal abuse of any employee. The company does not engage in discrimination base on subspecies, colour, age, gender, sexual orientation, ethnicity, handicap, pregnancy, religious belief, political affiliation, union membership, or any other class protected by law.

Disciplinary policies and processes in support of these requirements are clearly stipulated in the established management systems. The company prohibits the utilization of all forms of forced labour, advanced forms of slavery and any kind of human trafficking.

Environment


OSM understands the importance of environmental protection and reinforces our commitment to our CORPORATE SOCIAL RESPONSIBILITY POLICY (FCO-POLICY-CSR):

  • OSM aims to be a company that builds synergy, supports sustainable growth beneficial to the company and society;
  • In OSM Maritime Group, we define Corporate Social Responsibility as follows: “Protecting the environment and the safety of people“;
  • OSM recognizes the importance of protecting all our human, financial, physical, informational, social, environmental, and reputational assets; and
  • All employees are responsible and accountable for contributing to a safe working environment, fostering safe working attitudes, and for operating in an environmentally responsible manner.

Anti-Corruption


 

IT IS OUR POLICY TO CONDUCT ALL OF OUR BUSINESS IN AN HONEST, ETHICAL AND TRANSPARENT MANNER

         

OSM has a Business Ethics Policies Policy which covers the following areas of concern:

• Anti-Bribery/Corruption
• Conflicts of Interest
• Inside Information
• Integrity Due Diligence
• Bribes
• Gifts
• Facilitation payments
• Political contributions
• Charitable contributions

Corporate Social Responsibility


In a recent Sustainability report, 53% of our OSM offices reported being engaged in CSR activities. This is an increase of 10% compared to the previous year. We see health and education activates taking about 60% of the pie:

  • PARTICIPATION IN THE LIMASSOL MARATHON FOR CHARITY
  • CHARITY BOX IN OSM CYPRUS OFFICE
  • PARTICIPATION IN THE CYPRUS SHIPPING CHAMBER VOLLEYBALL FOR CHARITY
  • KINACHAWA ELEMENTARY SCHOOL
  • SAN RICARDO NATIONAL HIGH SCHOOL
  • TALAHID ELEMENTARY SCHOOL
  • MAGSAYSAY ELEMENTARY SCHOOL
  • IPIL ELEMENTARY SCHOOL