Our Economic Contribution

Sustainable Finance

Sustainable financing plays a crucial role in driving development and supporting the global transition to a Net Zero economy. By aligning our business with our sustainability vision, our investment and capital allocation decisions contribute to achieving a low carbon economy. Integrating sustainability into our financial strategy allows economic growth and environmental responsibility to co-exist, benefiting both our company and the planet.

To reaffirm our commitment to sustainable growth and responsible investment, we have updated our Sustainable Finance Framework for Bonds and Loans. This framework governs the issuance of sustainable loans and facilities, ensuring adequate funding for our sustainable initiatives towards 2030.

Our framework, developed in alignment with key sustainable finance principles and guidelines, has been reviewed by ERM, an independent third-party verifier. The Second Party Opinion Report issued by ERM confirms alignment with the Sustainability-linked Loan Principles and Sustainability-linked Bond Principles.

Seatrium remains committed to driving positive change through sustainable finance.

Please access our Sustainable Finance Framework and Second Party Opinion Report.

Tax Governance

Seatrium recognises tax compliance as a corporate social responsibility and a key part of our economic contribution. Our tax governance framework supports our business strategy through regulatory compliance, transparency, and open dialogue with stakeholders. We adhere to reporting standards to ensure accountability and trust.

Guided by principles of fairness, integrity, and transparency, our tax practices are not only compliant but also reflective of our broader commitment to ethical business conduct. This builds trust and fosters long-term relationships with our stakeholders, reinforcing our reputation as a responsible corporate citizen.

Compliance with tax laws
Relationship with tax authorities
Governance for managing tax risk

Seatrium is tax compliant in all our operating jurisdictions. We observe our Core Values by doing the right thing, being trustworthy, accountable, principled, and compliant in the conduct of our business.

Seatrium maintains an arm’s length relationship with tax authorities. Our objective is to pay our fair share of taxes in accordance with relevant tax laws and regulations in all our operating jurisdictions.

Seatrium is committed to upholding the highest level of corporate governance, including tax oversight.

Implementation of Our Tax Governance Framework

1. Compliance with tax laws

Our tax strategy is to be legally compliant in all jurisdictions where we operate. Our approach to regulatory compliance is replicated by our tax strategy to ensure that Seatrium is compliant in all jurisdictions where we operate. We have a whistleblowing policy and implement avenues for whistleblowing, which includes tax matters. Our corporate governance report is included in our annual report.

2. Relationship with tax authorities

Seatrium recognises tax payments as a corporate responsibility necessary to support local authorities to achieve its governance and sustainability objectives. By paying our fair share of tax in accordance with the laws of the jurisdiction in which Seatrium operates, our actions will support the local authority’s governance and sustainability objectives. Our tax governance framework governs how we engage with tax authorities. We do not adopt an active approach to public policy advocacy on tax. This framework is enacted considering stakeholders (customers, suppliers, shareholders or tax authorities) requirements. Feedback can be directed to our corporate communications department.

3. Governance for managing tax risk

Seatrium implements a corporate governance framework where the Audit & Risk Committee provides oversight, while management (CFO and Group Head of Tax) is responsible for tax compliance. Our tax governance and control framework are part of our overall corporate governance framework, which is detailed in our annual report.

The board of directors forms the Audit & Risk Committee, which implements corporate governance, including tax oversight. Operationally, the CFO is responsible for all financial matters, including tax, and is aided by the Group Head of Tax to ensure compliance. Employee and Supplier Code of Conducts govern both employee and supplier behaviours. Additional initiatives include external tax specialists reviewing tax filings and participation in authority tax transparency initiatives such as the Assisted Compliance Assurance Programme (ACAP).

We adopt a tax risk management approach as defined in our tax department’s operating manual.

Please refer to our Annual Report and Sustainability Report for more information on our economic contribution and value creation.