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2023 Social Goals

People & Social Responsibi­lity

Objectives

Goals

  • Reduce recordable injuries by 25%

Strategies

  • Risk Management training
  • Well-being and mental health support embedded in employee value proposition
  • Use of technologies to target zero harm

Measures

  • Zero fatality or serious incident
  • Reduction in recordable injury rate year-on-year

Goals

  • Increase female representation onboard the Fednav fleet

Strategies

  • Provide appropriate and attractive working conditions for female cadets onboard the fleet
  • Ensure there is an inclusive working environment onboard the ships
  • Promote diversity in the fleet

Measures

  • 9% female cadet representation by Jan 202
  • Starting in 2023, Fednav sponsors the education of 2 outstanding female cadets per year to kick-start their career at sea

Goals

  • Increase the representation of underrepresented groups across the organization

Strategies

  • Measure diversity progress across the functions and hierarchical levels
  • Ensure a diversity and inclusion lens in the shipping trainee program
  • Create an employee-driven social committee

Measures

  • Increased female representation in managerial positions
  • Increased representation of underrepresented groups

Goals

  • Be recognized as an employer of choice
  • Achieve higher employee engagement score

Strategies

  • Introduce programs that enhance employee experience
  • Measure engagement and implement action plans
  • Create an employee-driven social committee
  • Strong succession planning

Measures

  • Increased employee engagement score
  • Decreased voluntary turnover rate

Goals

  • Prioritize donations and sponsorships on ESG initiatives
  • Promote talent in underrepresented groups through internship and scholarship programs

Strategies

  • Fednav Community Employee Committee
  • Fundraising initiative
  • Shoreline cleanup

Measures

  • Increased ESG donations and sponsorships
Read 2023 ESG Report

People & Social Responsibility

Safety is paramount at Fednav, where our aim is zero harm to our personnel, all stakeholders involved in our business and the environment. We champion a nurturing work environment where the well-being of our employees takes precedence, fostering their safety, career growth, and skill enrichment.

With a diverse workforce comprising dedicated crew members and onshore professionals spanning the globe, we place a premium on inclusivity and equality. We encourage our employees to actively support local communities by volunteering their time and skills.

Fednav's commitment extends beyond compliance; we steadfastly uphold the highest safety standards, investing significantly in the development of our employees. We cultivate a culture of care and respect throughout our organization, ensuring each member feels valued and supported.

  1. Health and Safety

    Where attention goes, energy naturally flows, is a common saying at Fednav. This principle is deeply ingrained in our core values. Our commitment to achieving zero harm and continuously striving for excellence in safety standards underscores our every action and decision.

    In 2023, we encountered a concerning rise in reported injuries, prompting immediate introspection and action. By meticulously examining our operational processes, we successfully started to change the trend and took safety discussions to another level. We prioritize open dialogue and welcome all news, whether good or bad, as it empowers us to respond to any situation swiftly. Furthermore, we have instituted a rigorous root cause analysis process for every incident, enabling us to identify underlying factors and implement robust preventive measures. By instilling a culture of continuous improvement and accountability, we have proactively mitigated risks and safeguarded the wellbeing of our personnel.

  2. Diversity, Equity & Inclusion

    Diverse teams are propelling innovation and problem-solving to new heights. Fednav’s executive team's standing at gender parity (50%-50%) sets the standard for progress. The gender ratio (60% male and 40% female) among our onshore employees reflects not only our commitment but also our conviction in the power of diversity and offering equal opportunity to our employees.

    In alignment with our DEI objectives, the Talent Management and Communications teams have integrated DEI and engagement objectives into their personal goals for 2024. Additionally, training has been implemented to further educate employees on unconscious biases and microaggressions, fostering a more inclusive workplace culture.

  3. Engagement & Partnerships

    Employee engagement is vital in any organization, catalyzing innovation, employee wellness, productivity, and overall success. As Fednav transitions to a flexible workplace model, it is imperative to not only recognize the significance of nurturing engagement but also to foster knowledge sharing and prioritize employee well-being.

    The year 2023 marked a period of consolidation characterized by the sale of FMT, Fednav's terminal division, and the implementation of a new leadership structure focusing on its core shipping business. Amidst these changes, initiatives like the Commercial Summit facilitated global exchange and unity within the commercial team, fostering cohesion and inclusivity.

    Read Full ESG Report
  4. Shipping Trainee Program

    Fednav champions the Shipping Trainee Program, a cornerstone initiative in collaboration with the Danish Shipping Academy. Designed as a transformative two-year journey, this program represents our commitment to developing a pipeline of young, dynamic talent equipped with comprehensive expertise in all facets of maritime shipping.

    At the heart of the Shipping Trainee Program lies a people-centric culture, wherein trainees are integral members of the Fednav family. Recognizing the pivotal role mentorship plays in professional development, trainees can engage with seasoned industry veterans, drawing from their wealth of experience and insights to develop their skills and deepen their understanding of maritime operations.

    Learn more

About us

Ocean shipping is our business

Fednav is a leading oceangoing bulk shipping company with a rich heritage and a reputation for mastering complex international routes since 1944.

Get to know us

Our services

No matter how complex the route, we specialize in navigating the way safely and reliably. You can count on 80+ years of experience in dry bulk marine shipping, the largest fleet of ice-class bulk carriers, and 120+ owned and chartered vessels to successfully complete every voyage.