Supplier Code of Conduct

 

PURPOSE AND SCOPE

Danaos Corporation, along with its exclusive manager Danaos Shipping Ltd. (“Danaos” or the “Company”), is committed to maintaining the highest standards of business integrity and ethical conduct. This Supplier Code of Conduct (the “Code”) articulates our expectations for ethical behavior, legal compliance, and responsible practices among all our suppliers and subcontractors. The Code aligns with our core values of sustainability, fairness, and corporate responsibility, and demonstrates our commitment to the United Nations Global Compact and adherence to international standards such as the ILO Declaration and the UN Universal Declaration of Human Rights.

1. CORPORATE GOVERNANCE AND ETHICAL CONDUCT

We expect our suppliers to operate with transparent governance structures and uphold the highest ethical standards. This commitment to integrity and accountability includes maintaining clear ownership structures, decision-making processes that embody honesty and fairness, and upholding ethical standards in all business operations, including financial transactions, labor practices, and stakeholder interactions.

2. RISK & CRISIS MANAGEMENT

Effective risk management and crisis preparedness are critical for business resilience. Suppliers are expected to conduct comprehensive risk assessments covering financial stability, operational efficiency, and reputation management. They are expected to have robust crisis management strategies in place, ensuring swift and effective response to emergencies and unexpected challenges, thereby minimizing potential impacts on their operations and the broader supply chain.

3. BUSINESS ETHICS AND COMPLIANCE

Suppliers must maintain firm ethical business practices, adhering to a zero-tolerance policy towards corruption, bribery, and fraudulent activities. This includes commitment to fair competition, compliance with all relevant antitrust and competition laws, and adherence to anti-money laundering regulations. Suppliers are expected to ensure that their financial transactions and business operations do not inadvertently support money laundering activities.

4. SUPPLY CHAIN AND ESG MANAGEMENT

Sustainable supply chain management is fundamental to our operations. Suppliers are encouraged to effectively manage risks within their supply chain and incorporate Environmental, Social, and Governance (ESG) factors into their business models and strategies. By aligning with Danaos' commitment to sustainability and responsible business practices, suppliers contribute to fostering a supply chain that is resilient, environmentally conscious, and socially responsible.

5. TAX COMPLIANCE

Suppliers must conduct their financial affairs with integrity, adhering to all applicable tax laws and regulations. Transparent tax strategies and compliance with tax obligations are essential to demonstrate a commitment to financial integrity, corporate responsibility, and lawful conduct.

6. INFORMATION SECURITY AND DATA PROTECTION

In our digital and interconnected world, the protection of sensitive data is of paramount importance. Suppliers must implement advanced cybersecurity measures to protect data against unauthorized access, breaches, and other cyber threats. Compliance with data privacy laws and regulations is critical to ensuring the security and integrity of sensitive information and maintaining the trust of stakeholders.

7. LABOR PRACTICES AND HUMAN RIGHTS

Upholding labor rights and human dignity within the supply chain is a foundational principle for Danaos. Suppliers are required to ensure non-discrimination and fair treatment for all employees, adhering to the highest standards of occupational health and safety. Compliance with local and international laws regarding working hours, wages, and humane treatment is mandatory. Suppliers are expected to foster a workplace that is safe, respectful, and inclusive.

8. ENVIRONMENTAL RESPONSIBILITY

Our commitment to environmental stewardship extends to our suppliers. We expect them to manage their environmental impact responsibly, complying with environmental laws and standards. Suppliers should maintain necessary environmental permits, implement effective environmental management systems, and engage in practices that minimize environmental harm, demonstrating a proactive approach to sustainable operations and environmental conservation.

9. ETHICS IN OPERATIONS

Maintaining the highest standards of ethical conduct in operations is essential. Suppliers must operate with transparency, avoiding conflicts of interest and refraining from any form of corruption or bribery, thereby building and maintaining trust and credibility in all business relationships.

10. SUPPLIER COMMITMENT AND REPORTING

Suppliers are expected to align with this Code, demonstrating their commitment by monitoring compliance and reporting their performance. Effective reporting mechanisms for ethical violations or concerns are essential. This includes grievance systems for anonymous reporting and a strong policy against retaliation.

Danaos encourages open communication and provides various channels for reporting concerns, including through Danaos representatives, relationship partners, management, or the Danaos whistleblower system at: https://ethics.danaos.com. We welcome concerns from all stakeholders, internal and external, regarding potential or actual violations of this Code, underscoring our commitment to ethical conduct and transparency.

11. CONCLUSION

Adherence to this Code is integral to maintaining a successful business relationship with Danaos. We are dedicated to collaborating with our suppliers to uphold these standards, fostering an ethical, sustainable, and responsible supply chain. This commitment is a reflection of our dedication to excellence in all aspects of our business practices and corporate responsibility.

Contact us

Cyprus

3, Christaki Kombou Str.
3011 Limassol
Cyprus

T:+357 25 76 1250
F:+357 25 76 1251


Greece

14, Akti Kondyli Str.
18545 Piraeus
Greece

T:+30 210 419 6400
T:+30 213 017 6400
F:+30 210 422 0855


Ukraine

14, Deribasovskaya Str.
65026 Odessa
Ukraine

T: +380 482 348 078
F: +380 482 347 947



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Russia

30, Korablestroiteley Str.
Letter A, office 166 H,
1993972, St Petersburg
Russian Federation
T: +7 812 386 3801
F: +7 812 386 3802



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