Gard has been creating value for society for more than a century by helping our Members and clients in the marine industries to manage risk and its consequences. Based on our long experience, we have gathered extensive knowledge on what causes losses and how they can be avoided. By preventing accidents and managing risks, we minimise the consequences for the society and the environment, at the same time as we reduce the costs for the maritime industries as well as our Members and clients.
As part of our commitment to the United Nations Global Compact, we articulate and measure our sustainability activities in our Sustainability Report. Our first report was launched this year. It shows the wide range of sustainability activities we are carrying out in our day-to-day work to meet our strategic goals.
To us, sustainable encompasses the creation of long-term financial value for our Members, the mitigation of maritime risks, our responsibility for the marine environment and for conducting our business with integrity and high ethical standards.
Working with sustainability means both identifying potential risks, working to mitigate them, and to understand how our business can support sustainable development.
Ship recycling is both necessary and desirable and is considered the most sustainable way to end a ship’s life. Gard has established a common approach to sustainable ship recycling as set out in our statement on sustainable ship recycling. This is aligned with our policy on sustainable business, code of ethics and business conduct and sets out our expectations and requirements for our Members and clients.
Navigating by the Sustainable Development Goals (SDGs)
Gard is committed to the Agenda 2030 for Sustainable Development. The Agenda was unanimously adopted by the UN member states in 2015 and is aimed at ending poverty, fight inequality and protect the environment. We use the SDGs as our framework for defining our ambitions and targets for running a sustainable business.
Gard is also a signatory to the ten principles of the United Nations Global Compact and The Principles for Sustainable Ocean Business.
We have placed our most important focus areas within the context of the SDGs. The 17 SDGs are interdependent, and each goal is equally important. However, we focus on the goals where we can have the largest impact.
Our ambitions are:
Gard's most relevant SDGs and our priorities within each goal.
Goal no 8: Decent work and economic growth
Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population.
In Gard, people are at the core of our value creation and all employees deserve to be treated with dignity and respect. Productive employment and decent work mean that no one should be discriminated against and there should be equal pay or work of equal value. We work to eliminate child labour and eradicate forced labour, as well as protecting labour rights and creating a safe and secure working environment. We support the UK Modern Slavery Act and apply the Gard’s Modern Slavery Act statement.
Goal no 13: Climate action
Climate change is a serious social and economic challenge. Extreme weather conditions cause physical, regulatory and technological risks to our Members and clients. By preventing accidents and managing risks, we minimise the consequences for the society and the environment, at the same time as we reduce the costs for the maritime industries as well as our Members and clients.
Together with other business leaders across the shipping value chain, Gard is a signatory to the Call to Action for CEOs and maritime industry leaders in support of decarbonization.
Goal no 14: Life below water
Gard has been creating value for society for more than a century by helping our Members and clients in the marine industries to manage risk and its consequences. To help our Members and clients make the most of opportunities at sea in a sustainable manner, we apply our long experience and extensive knowledge on what causes losses and how they can be avoided to help conserve and advise on sustainable use of the world’s oceans and marine resources. Through risk prevention, risk reduction and risk sharing we can, together with our Members and clients, help make the ocean cleaner and safer.
Goal no 16: Peace, justice and strong institutions
Gard is committed to upholding high ethical standards in all of our operations, wherever located or carried out, by us or on our behalf. We believe that effective corporate governance is essential and have established an open and transparent framework to deliver insurance products and services to our Members and clients.
Our Gard Corporate Governance Manual are intended to ensure that the members of the boards and committees will be in a position to review and evaluate the business operations of the group and to make appropriate decisions as needed.
Goal no 17: Partnership for the goals
Many of the challenges faced by the maritime industries require a joint industry response. By being actively involved, Gard contributes to the recongnition of industry institutions and collaboration for achieving logeviety and prosperity within our industry.
The Gard Outreach Programme focusses on developing relationships with salvage and counter-pollution authorities around the world to promote better response to accidents and compensation practices that benefit both the shipping industry and society as a whole.
Investing capital is at the heart of insurance. The Gard group is a responsible investor and continue to increase the focus on sustainable investments in our portfolio. A Global Impact portfolio has been established, focusing on equity investments that are aligned with the ambitions set out in the UN Sustainable Development Goals.
Impact investing allows investors to help solve some of the world’s major social and environmental challenges whilst earning financial returns on their investment. Impact investing is a subset of traditional investing that aligns social and/or environmental values with financial goals. We aim to deliver competitive returns for Gard by investing in companies dedicated to providing innovative solutions in alignment with long-term societal trends.
Committed corporate citizen
In Gard, we applaud philanthropy and charitable giving, but believe that we achieve the best results by applying our resources, expertise and management talent to problems we understand and in which we have a stake. Therefore, we integrate social and environmental concerns into our day-to-day work and are committed to making a positive contribution to the industries we serve by offering dedicated resources to share knowledge and expertise.
The Gard – Red Cross partnership
Gard is an official partner of the Norwegian Red Cross. The aim is to strengthen the Red Cross’s humanitarian work while increasing the knowledge and engagement among our employees of the humanitarian situation in those countries and regions where we operate.
Giving back to the society
Our partnerships and donations are concentrated to making a positive contribution to the industries and local communities in which we serve and operate.
Gard corporate donations
We believe in sharing knowledge and expertise to continuously raise standards and improve learning. Twice a year, Gard makes donations to charitable causes that share this view. To learn more about the process, eligible recipients and the terms and conditions that apply, please follow this link.
Would your charitable organisation like to be considered?
Please apply by filling in this form.