Corporate social responsibility

Skuld's corporate governance policy and ethical guidelines require management and employees to observe a high standard of business and personal ethics in the conduct of their duties and responsibilities.

Management and employees must practise fairness, honesty and integrity when dealing with colleagues, members and clients, business partners, the public, the business community, suppliers, competitors or government authorities.

Reducing environmental threats

As a marine insurance provider, Skuld contributes to the protection of the marine environment by constantly working to reduce the risk of casualties and to mitigate consequential environmental damage.

Fraud prevention

When acting on behalf of a Skuld entity, neither management nor employees shall gain unfair advantage through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or other unfair practices.

No Skuld employee shall directly or indirectly offer, promise, give or accept bribes, illegal or inappropriate gifts or other undue advantages or remuneration in order to achieve business or other personal advantage.

Human rights and employment conditions

Skuld's policy prohibits unlawful discrimination against employees, members and clients or suppliers on account of ethnic or national origin, age, sex or religion.

Skuld's internal control and compliance system is designed to mitigate the risks of non-compliance.