Our Governance Strategy


We are committed to enable the use of sustainable supply chains and ensure zero tolerance to any acts of bribery and corruption across our value chain.

2023 Strategic Goals

One-on-one discussions with suppliers to ensure alignment with our ESG Strategy and Sustainability Scorecard.


  • Business Ethics
  • Sustainable Supply Chains
  • Innovation & Digitalisation

Sustainable Development Goals

  • SDG 8 Decent Work and Economic Growth
  • SDG 12 Responsible Consumption and Production

Running an Ethical and Accountable Business

Our mission is to conduct all business operations in an honest, transparent, and ethical manner. In addition, we choose to safeguard our strong global reputation and our customers’, business partners‘, and suppliers‘ interests by adhering to our business conduct standards and deliver our services professionally and with integrity.

Every employee is held accountable for safeguarding human rights and is required to undergo frequent training on topics such as compliance, anti-corruption, and ethical behaviour. We work together to ensure ethical decisions are taken at all levels in line with international and national laws and regulations.

Equipping our employees with the skills and knowledge to identify and mitigate risks is vital to ensuring safe and ethical operations. We invest in specialised programmes such as MACN’s “Ethical Ship Operations – Anti Bribery and Corruption”. In 2021, 434 shore staff and 397 seafarers completed the training.

Operational Policies and Procedures

  • Business Policy
  • Ethical Ship Operations Policy
  • IT and Cyber Security Policy
  • Sanctions Policy
  • Quality Policy
  • Security Policy

Digital Ethics

The maritime sector is transforming with new cutting-edge technologies changing the way we work. BSM is investing considerably in digitalising our processes to improve our employees’ work and customers’ experience.

We develop technology powered by data without jeopardising our digital ethics, including our users’ privacy, security, and accessibility. To do so, we prioritise cybersecurity protection and risk management systems for our offices and ships.

Our goal is to go beyond regulatory requirements, IMO Resolution MSC.428(98) and GDPR, by modelling our cybersecurity risk management systems after the international standard ISO/IEC 27001, which reflects our industry’s best practices.

Sustainable Supply Chains

GenPro, a joint venture of BSM and Columbia Shipmanagement (Members) is a maritime procurement company which carries out the business of negotiating worldwide framework supply contracts on behalf of major ship managers, ship owners and ship operators.

It has recently established the Sustainability Scorecard, which comprises various parameters to measure our suppliers’ status, compliance, commitment, and performance towards sustainability.

We require our suppliers to get in line with our expectations and want to assist them in developing their own corporate responsibility strategies, policies, and processes. GenPro navigates our suppliers and Member representatives through a series of thought-provoking and guiding webinars as well as Q&A sessions looking deeper into GenPro’s sustainability requirements and processes.



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