TT Club, an independent provider of mutual insurance and risk management services to the international transportation and logistics industry, will collaborate with Maritime Anti-Corruption Network (MACN), a global business network, to implement its Anti-Corruption Principles by raising awareness of corruption issues and promoting best practices.
TT Club is expected to assist MACN in promoting its collective action drive with the goal of establishing a more sustainable operating environment through anonymous reporting and data analysis.
“At TT we have aligned our ESG strategy with the UN Global Compact and its Sustainable Development Goals, becoming a signatory to the UN Principles for Sustainable Insurance (UN PSI) late last year,” stated Mark Argentieri, COO of TT Club.
The insurer’s experience and knowledge of shore-side operations will broaden the reach of MACN’s anti-corruption actions beyond its present marine focus, according to a statement.
Argentieri added, “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, cooperating with international institutions that are dedicated to ensuring increased transparency in maritime transactions and enhanced procedural integrity.”
