Objectives and Scope
Danaos Shipping's commitment to sustainability is reinforced by our proactive approach to the Stakeholder Engagement policy, which involves actively addressing their interests and concerns. The scope of this policy is to identify, map, and prioritize stakeholders, to determine the best tactics for effective communication while making the best use of available resources. In line with this, we aim to foster connections, trust, and confidence. An ongoing dialogue with stakeholders is integral to our strategic planning.
Stakeholders Engagement Plan
On a biannual basis, the ESG Committee conducts a review to reevaluate and identify our stakeholders, followed by a subsequent materiality assessment. This process includes a thorough assessment that evaluates both the organization's impact on these issues and the impact of these issues on the organization.
The main stakeholders of the company are:
- Employees
- Seafarers
- Customers
- Finance Related Stakeholders
- Government Officials and Authorities
- International Industry Organisations and Regulators
- Suppliers
- Society
Through this process, we identify the relative importance of specific sustainability topics to our company. These expectations are tailored to the specific needs and concerns of each stakeholder group
After this analysis the ESG Working Team submit a proposal for approval to CSO regarding the communication channels and the frequency of engagement with our key stakeholders. This proposal will also outline specific methods of engagement tailored to each stakeholder group, such as customer satisfaction surveys for customers and employee welfare initiatives for employees.
The company communicates the Stakeholder Engagement plan and the respective communication channels to all company stakeholders. This communication will also include a timeline for each engagement activity, identify the responsible parties for each stakeholder group, and set key performance indicators (KPIs) to measure the effectiveness of our stakeholder engagement.