Sustainability
Skuld's purpose statement 'Safeguarding our maritime community today and for generations to come' underlines our role in society and our commitment to members and clients and to the global ocean industries. Our compliance and expertise ensure a caring approach to environmental, social and governance risks in the marine world. Today, our commitment also includes an awareness of climate challenges and the need for sustainable development. We support decarbonisation initiatives, and continuously build knowledge within the organisation, partnering with our members and clients on these matters.
Our Sustainability focus areas
Environment
Skuld supports shipowners and charterers in the transition to net zero carbon emissions.
Social
Achieving and sustaining an inclusive and diverse culture is one of Skuld's four strategic objectives.
Governance
Good corporate governance and a solid internal framework is firmly embedded throughout our organisation.
Annual report 2023/24
Our annual report includes both financial- and sustainability reporting. This is the fifth year we report in accordance with core GRI (Global Reporting Initiative) standards, underlining our commitment to sustainability. Our report covers activities and initiatives during our reporting year 2023/24, referring to areas of material importance to Skuld and our stakeholders.
Our commitments
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Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. They enable the insurance sector to implement transparency and they establish a common, global baseline to quantitatively assess and disclose the alignment of the insurers’ shipping portfolios with climate goals. | ||||
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Skuld is a mission ambassador for Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The partnership will further support and promote our common goal of securing and providing tomorrow’s zero carbon shipping solutions. |
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Skuld is partner to The Green Shipping Programme (GSP), a public-private partnership, aiming to advance the Norwegian government’s maritime strategies and plans. The programme’s vision is to develop and strengthen Norway’s goal to establish the world’s most efficient and environmentally friendly shipping.Since becoming a partner in 2021, Skuld has participated in two ammonia related pilots; Green Ammonia Powered Bulk Carrier and Ammonia powered tanker. |
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Skuld is committed to the initiative ‘Getting to Zero 2030 Coalition’ that was launched at the UN climate action summit 2019 in New York.The coalition is a partnership between the Global Maritime Forum, the Friends of Ocean action, and the World Economic Forum with over 160 member companies (as of August 2022).By 2030, the coalition is committed to launch commercially viable deep sea zero emission vessels powered by zero emission fuels. |
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Skuld’s membership of the Maritime Anti-Corruption Network (MACN) acknowledges the importance of contributing to the elimination of corruption. We believe that the collective action of the MACN network will have a positive impact for the maritime industry. The network has more than 180 member companies who own or operate commercial vessels or are part of the maritime value chain. | ||||
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Skuld is a signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change. This important declaration defines four main actions to facilitate crew changes and keep global supply chains functioning, contributing to the well-being of seafarers. |
ESG in practice
ESG in practice' is a new series of articles where Skuld colleagues focus on how Skuld meets the industry's transition to a more sustainable future. In an increasingly complex world, Skuld is dedicated to delivering on activities and initiatives that unlock Environmental, Social and Governance value for ocean businesses.
Passion and purpose: fuelling the drive towards decarbonisation
Understanding risk, sharing knowledge and staying at the forefront of the latest developments are key to assisting members, clients, and the wider industry, in embracing a greener tomorrow today. Krester Krøger Kjær, Senior Vice President and Head of Skuld Copenhagen, is passionate about embracing the challenge and enabling change.
Crime doesn’t pay – arresting developments in financial foul play
Financial crime can go under the radar in shipping, with money laundering and illegal funding posing real risk to reputation, industry and society as a whole. Skuld's Daria Avdeeva, Vice President Legal and Sean Smith, Global Head of Underwriting Processes, strive to ensure that all Skuld employees are on the lookout for suspicious activity.
Transparent benefits – putting human rights on the radar
Skuld's Chief Compliance Officer Vincent Gustavi explains how The Norwegian Transparency Act gives the entire industry "a taste of things to come", shining the regulatory spotlight on the S in ESG and the crucial issue of safeguarding human rights.
Mental health and well-being at sea
Skuld's Global Head of Loss Prevention, Geir Hudø Jørgensen, discusses mental health and well-being at sea. How can Skuld members safeguard the well-being of the seafarers?
Sustainable casualty handling in Skuld
Skuld's Vice President, Casualty and Major Claims Nina Hanevold-Sandvik has her sights set on a journey of continual improvement in the context of sustainable casualty handling.
The evolution of underwriting
Skuld's Senior Executive, Underwriter and Decarbonisation Coordinator, Matias Bøe Olsen assesses how underwriters can help create certainty and trust in tomorrow in uncertain times.
"This is a clear commitment to the future from Skuld. The world needs a healthy ocean – but also a productive, responsible utilisation of its resources – if it is to survive and prosper. I believe the maritime and ocean industries have a pivotal role to play, and the insurance segment, with its data, experience and expertise, can help them deliver upon that potential."
Ståle Hansen, President and CEO
Dedicated to sustainability
At Skuld, sustainability is integral to our operations and is embedded in our strategy which is set by Skuld’s Board and management. We have set clear development targets and activities across all relevant Skuld areas integrated into our core business processes: Claims, Loss Prevention, Underwriting, Legal, Finance, HR and Communication.
We have established robust KPIs and targets that are followed up and reported on.
Selected UN sustainable development goals
The 17 UN SDGs constitute a universal call to action to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. As part of our commitment to sustainability, Skuld focuses on five key SDGs:
The 17 UN SDGs constitute a universal call to action to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. As part of our commitment to sustainability, Skuld focuses on five key SDGs:
The 17 UN SDGs constitute a universal call to action to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. As part of our commitment to sustainability, Skuld focuses on five key SDGs:
The 17 UN SDGs constitute a universal call to action to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. As part of our commitment to sustainability, Skuld focuses on five key SDGs:
The 17 UN SDGs constitute a universal call to action to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. As part of our commitment to sustainability, Skuld focuses on five key SDGs:
The 17 UN SDGs constitute a universal call to action to end poverty, protect the planet, and improve the lives and prospects of everyone, everywhere. As part of our commitment to sustainability, Skuld focuses on five key SDGs:
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Anna F. Erlandsen
Chief Strategy and Sustainability Officer
Anna Erlandsen was most recently head of the Oslo office for Norwegian Hull Club. She has nearly two decades' experience within global marine insurance, within underwriting and managerial positions, including board member positions in Norwegian Hull Club and in CEFOR (The Nordic Association of Marine Insurers). She holds a Master’s in economics and finance from the Norwegian School of Economics (NHH) and is an alumnus of Harvard Business School´s Executive Education.
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Admir Mesic
Vice President, Head of Sustainability
Admir Mesic currently serves as the "Head of Sustainability," with a primary responsibility for executing Skuld's Sustainability strategy. His extensive expertise encompasses areas such as the Global Reporting Initiative, CSRD, and carbon accounting applications. Prior to his current role, Admir has contributed significantly as a strategy and solution architect in the implementation of the European Pollutant Release and Transfer Register (E-PRTR) for emerging EU candidates. He currently holds membership within the expert group affiliated with the UN Global Compact in Norway. Admir holds a Master's degree in Political Science from the University of Bergen and has also pursued education in Machine Learning from the MIT Sloan School of Management.
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Matias Bøe Olsen
Senior Executive, Underwriter and Decarbonisation Coordinator
Matias joined Skuld as a Maritime trainee in 2020. He holds an MSc in Marine Technology and works as an underwriter within the NEE business unit. His focus is on Skuld's efforts related to Scope 3 decarbonization, and he offers a comprehensive perspective on the shipping industry's journey toward achieving net-zero emissions by 2050. Additionally, Matias represents Skuld on the steering committee of the Poseidon Principles.
