TRANSPORT insurer TT Club has joined the Maritime Anti-Corruption Network.
MACN is a global business network that aims to reduce corruption in the maritime industry to support fair trade.
The network has 180 organisational members globally, and TT Club claims to be the only non P&I insurer to have joined.
TT Club chief operating officer Mark Argentieri said the insurer has aligned its ESG strategy with the UN Global Compact and became a signatory to the UN Principles for Sustainable Insurance last year.
“In now joining MACN, we are taking a further step in focusing on the issues that are most relevant to our own members, and where the club is able to have a positive impact, co-operating with international institutions that are dedicated to ensuring increased transparency in maritime transactions and enhanced procedural integrity.”
MACN CEO Cecilia Müller Torbrand said the network looks forward to working with TT Club to eliminate maritime corruption.
“It is exciting that we will be able to reach a new group of stakeholders with TT Club as a member,” she said.
TT Club intends to work with MACN to implement its anti-corruption principles by raising awareness of corruption issues and promoting best practices.
The insurer also plans to help the network create a more sustainable environment through anonymous reporting and data analysis.
