Danaos Corporation.
DAC.US | Sea and coastal freight water transport
Danaos Corporation is a leading international owner of containerships, chartering vessels to liner companies. With a fleet of over 70 containerships, Danaos provides essential transportation services for global trade. The company focuses on securing long-term charters to ensure stable revenue stream...Show More
Better Health for All
0
Danaos Corporation's core business of owning and chartering containerships does not directly involve developing medical treatments, providing preventative healthcare solutions, or reducing health disparities for the general public. Therefore, most KPIs are scored as 'Not applicable' (0). Initiatives such as mental health support services for seafarers, remote medical assistance for vessels, mental health courses, and physical activity programs are focused on employee well-being. The 'Better Health for All' value explicitly excludes workplace safety standards and worker rights, which these initiatives fall under. Consequently, no evidence directly relevant to the defined scope of 'Better Health for All' was found in the provided articles for KPIs like safety record or mental health initiatives, leading to their omission.
Fair Money & Economic Opportunity
0
The provided article, a shareholder letter from Danaos Shipping Co Ltd, explicitly states that it does not contain any data relevant to DAC.US or the ethical value of Fair Money & Economic Opportunity.
1
It focuses on the shipping industry, vessel acquisitions, fleet management, and market conditions.
2
No metrics related to financial inclusion, lending practices, or community investment are mentioned, thus no evidence is available to score any of the KPIs.
3
Fair Pay & Worker Respect
0
No evidence available to assess Danaos Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
-30
The company assesses 35% of its significant suppliers for compliance with its Human Rights, Equal Opportunities, and Non-Discrimination Policies, as well as the Danaos Code of Ethics.
1
No specific data is available regarding fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, high-risk materials spend, or supplier diversity spend.
2
Honest & Fair Business
-30
Danaos Corporation adopted a comprehensive anti-bribery and anti-corruption policy on October 30, 2020.
1
This policy covers various aspects including bribery, expediting payments, gifts, entertainment, lobbying, and political/charitable donations, with specific prohibitions on bribery of government officials and third parties, and emphasizes record-keeping and internal controls.
2
In 2024, MACN materials were integrated into employee and seafarer training, and the company reported zero code of conduct breaches.
3
A formal whistleblower protection policy also exists, offering multiple reporting channels including an anonymous web form, and includes confidentiality and non-retaliation provisions.
4
,
5
However, no specific details or metrics regarding the effectiveness of independent investigation processes are publicly available.
Kind to Animals
0
Danaos Corporation operates as an international owner of containerships, a service-oriented business.
1
The provided articles confirm that the company does not engage in activities typically associated with animal welfare concerns, such as manufacturing products requiring cruelty-free certification, animal testing, using animal-derived ingredients, or operating animal agriculture.
2
Consequently, the KPIs related to these activities are not applicable to Danaos Corporation's operations.
3
No War, No Weapons
0
Danaos Corporation's core business is commercial shipping, with no evidence of involvement in arms manufacturing, military contracts, or conflict facilitation. The company has a Code of Business Conduct & Ethics
1
, with 100% of employees certifying compliance in 2023
2
and zero confirmed breaches reported in 2024
3
. Its ethical red lines explicitly forbid corruption, bribery, and fraud.
4
Planet-Friendly Business
0
No evidence available to assess Danaos Corporation on Planet-Friendly Business.
Respect for Cultures & Communities
0
Danaos Corporation has no reported cultural appropriation incidents.
1
Given the absence of such incidents, a specific cultural incident response framework is not applicable to its business model.
Safe & Smart Tech
10
Danaos Corporation emphasizes compliance with global regulations, including US, EU, and GDPR, supported by regular audits and transparent disclosures.
1
The company recognizes data subjects' rights to access, rectification, erasure, restriction of processing, and objection, outlining procedures for fulfilling these rights.
2
Data minimization principles are mentioned, with an assessment of proportionality required before processing data.
3
No data breaches or incidents of unauthorized data use are documented.
4
The company's information security policy includes the use of industry-standard encryption protocols.
5
Mandatory annual cybersecurity training and phishing simulations are conducted for employees.
6
Zero Waste & Sustainable Products
-40
Danaos Corporation has implemented multiple waste reduction initiatives, including the ReNAV campaign for recycling and upcycling shipboard equipment, the Moorings Recycling Campaign, and waste segregation practices. In 2024, the company achieved a 13.3% reduction in paper consumption and a 12.5% increase in plastic waste recycling.
1
The company has an agreement with ship-chandlers to use bulk, reusable, or recyclable packaging.
2
Danaos has a target to reduce onboard waste by 50% by 2025 through the installation of compactors in all vessels.
3
For hazardous waste management, 99% of its vessels hold IHM certificates, and the company provides Hazmat Expert training, segregates hazardous waste, and takes special care with items like jerrycans and paint cans.
4
However, Danaos received one fine in 2024 for inadvertent fuel mixing in an Emission Control Area.
5