The Transparency Act, which came into effect on July 1, 2022, obligates IMS group and its daughter companies to conduct due diligence assessments in line with international requirements, respond to inquiries from the public, and account for our due diligence work. Our customers include shipyards, shipowners, and management companies worldwide. IMS group aims to promote respect for human rights and workers’ rights. Therefore, the group chooses to collaborate with responsible suppliers and partners. The IMS group has established ethical guidelines that describe our commitment to align with the UN Global Compact. The ethical principles include human rights, workers’ rights, business ethics, gender equality, anti-discrimination, forced labor, child labor, and the environment.
IMS group systematically incorporates the human rights aspect into our operations and with our partners. This is done, among other things, by providing our employees with decent wages and regulated working hours. We have zero tolerance for child labor in our own operations and in the supply chain. We work to uncover whether IMS group contributes to possible violations of human rights and decent working conditions, and we exercise a high degree of caution when we have operations or partners in areas where human rights and workers’ rights are weaker. We expect our suppliers to adhere to our ethical principles.
IMS group is organized in a way that involves sharing various services between all the group members. Due diligence assessments are closely linked to the work of all daughter companies. We have well-established routines for analyzing and reducing risks associated with the technology we develop and deliver.
IMS group operates according to the ethical standards outlined in our ethical guidelines. In our ongoing quality work, we have regular reviews of our own procedures to assess compliance with the given guidelines and whether adjustments, competence development, or entirely new routines are needed. We have established routines for handling incidents and for safeguarding and assisting employees in our daughter companies. IMS group also has internal reporting procedures for bullying, harassment, and abuse. The work of due diligence assessments is an ongoing process with the aim of real improvement for people in our own organization and the supply chain.
