21st June 2022

To our stakeholders:

I am pleased to confirm that United European Car Carriers reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment and Anti-Corruption.

In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

Sincerely yours,

Glenn Edvardsen
CEO

UECC believes that human rights are a universal requirement and is committed to upholding those rights expressed in the International Bill of Human Rights (consisting of the Universal Declaration of Human Rights, the International Bill Covenant of Economic, Social and Cultural Rights) and the International Labour Organization's ("ILO") Declaration on Fundamental Principals and Rights at Work.

UECC also requires all our Third Party customers/suppliers to comply fully with those laws and regulations.

Very clear internal and external Codes of Conduct for employees as well as our contractual suppliers/customers with disciplinary actions/terminations for breaches

UECC has a dedicated Compliance Program which provides a framework for the purpose and overview of the Program as well as expected general standards of conduct, executive management responsibilities, compliance officer responsibilities, employee responsibilities, education and training, communication about compliance issues, auditing and monitoring and investigations and response.

Under no circumstances should there be the use of forced, or child labour. All workers must be above 15 years of age or the legal minimum age for work in the local jurisdiction, whichever is higher. All workers should be entitled to breaks, limited working hours and paid leave which are, at a minimum, in line with local laws; overtime should be granted only on a voluntary basis. UECC is strongly committed to eradicating modern slavery in tis business and supply chain and applies a zero tolerance position towards slavery, servitude, forced labour and human trafficking.

UECC also requires all our Third Party customers/suppliers apply the same zero tolerance position.

Very clear internal and external Codes of Conduct for employees as well as our contractual suppliers/customers with disciplinary actions/terminations for breaches

UECC has a dedicated Compliance Program which provides a framework for the purpose and overview of the Program as well as expected general standards of conduct, executive management responsibilities, compliance officer responsibilities, employee responsibilities, education and training, communication about compliance issues, auditing and monitoring and investigations and response.

Long term strategic goals to exceed regulatory targets for emissions reduction. Internal goals to increase share of renewable or low carbon fuels as part of overall energy mix. Environmental policy in place covering mitigation of companies activities on envirionment.

Waste reduction and recycling programmes in shore based applications.
Pioneer in new fuels with lower GHG emissions including LNG and LNG battery hybrid vessels.
Long standing commitment to carbon neutral biofuels.

Environmental performance is monitored and evaluated within the framework of the regulatory bodies governing shipping (IMO and the EU).

UECC has zero tolerance of bribery and corruption. All employees and third parties must comply with anti-bribery and anti-corruption laws in all countries in which they operate including the anti-bribery legislation enacted by each signing country in accordance with the Organization for Economic Co-operation and Development Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the "OECD Conventions"). Many of these laws are drafted to have extraterritorial effect. The penalties for violating these laws can be severe for UECC, Third Parties and those involved including significant corporate individual fines and imprisonment.

Very clear internal and external Codes of Conduct for employees as well as our contractual suppliers/customers with disciplinary actions/terminations for breaches

UECC has a dedicated Compliance Program which provides a framework for the purpose and overview of the Program as well as expected general standards of conduct, executive management responsibilities, compliance officer responsibilities, employee responsibilities, education and training, communication about compliance issues, auditing and monitoring and investigations and response.