North joins Maritime Anti-Corruption Network
North’s membership of the Maritime Anti-Corruption Network emphasises the Club’s commitment to a fairer and more sustainable shipping community.
In the latest demonstration of its commitment to supporting a more sustainable maritime community, North P&I Club has joined the Maritime Anti-Corruption Network (MACN), a global business network that aims to tackle corruption and enable fair trade in shipping.
As an MACN member, North joins over 165 global companies in working towards the elimination of all forms of maritime corruption. The Network’s activities include raising awareness of the issue; implementing the MACN Anti-Corruption Principles and establishing best practices; collaborating with governments, non-governmental organisations and wider society to determine and address the root causes of corruption; and fostering a culture of integrity within the shipping community.
Mark Church, Head of Sustainability, North P&I Club, said: “That over 50,000 anonymous incidents have been reported to the MACN since its foundation in 2011 highlights the importance of its existence. By joining the Network, we can contribute towards the elimination of a significant but under-acknowledged threat – and in doing so, help ensure that our Members, and the maritime community at large, continue to trade with confidence.”
MACN membership also represents a significant step on North’s sustainability roadmap as outlined in the inaugural North Group Impact Report. Launched in December 2021, the Impact Report names seven of the United Nations’ Sustainable Development Goals (SDGs) as underpinning the Club’s sustainability efforts, including SDG 16: Peace, Justice and Strong Institutions. Among other measures, SDG 16 proposes “legislation covering sanctions, anti-bribery, anti-money laundering and anti-terrorism financing”.
Paul Jennings, Chief Executive, North P&I Club, commented: “The North Group Impact Report set out a roadmap for the Club to follow in achieving its sustainability targets, and it is highly encouraging to see tangible progress being made in a key area barely six months on from the report’s publication. The MACN’s goals align with our own ambitions for a fairer, more sustainable maritime industry that has society’s best interests at heart.”
North is a leading global marine insurer with over 160 years of history in the P&I industry. Our purpose today remains as it was at our inception in 1860; to enable our members and clients to trade with confidence. Founded and headquartered in Newcastle, North reach stretches around the world through its regional offices in Greece, China (Shanghai and Hong Kong), Japan, Australasia, Singapore, Ireland, and the USA, with 370 employees. North product range includes P&I, War Risks, FD&D, and H&M across a wide range of customer segments. Through its Sunderland Marine brand, North also provides cover for fishing vessels, small craft, aquaculture risks and owners’ fixed premium. With over 250 million GT of owned and chartered tonnage, North is a leading member of the International Group of P&I Clubs (IG). The 13 IG clubs provide liability cover for approximately 90% of the world’s ocean-going tonnage. As a member of the IG, North protects and promotes the interests of the international shipping industry.