At ONE, governance serves as a foundation for our sustainability strategy.
We take a proactive approach to implementing good governance practices and maintaining accountability across all aspects of our sustainability initiatives.
By ensuring ethical business practices, we establish a strong foundation for a sustainable business, enabling us to act in the interests of our stakeholders and upholding our social license to operate.
In doing so, we uphold the rule of law and ensure our business operations and that of our partners are conducted in an ethical manner at all times by all employees.
This protects ONE and our value chain, including our partners and communities, from the negative impacts of corruption and other unlawful practices.
Corporate Governance
Corporate Governance Structure
ONE was born from the integration of the container shipping businesses of three companies - Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., and Nippon Yusen Kabushiki Kaisha. ONE Holding Company, based in Japan, oversees the governance of operational global headquarters based in Singapore (GHQ). With GHQ, ONE’s global presence through regional offices, branches, subsidiaries and joint-ventures will span across more than 120 countries and GHQ oversees the governance with delegation to regional headquarter(RHQ) based in Hong Kong, Singapore, London, U.S.A and Brazil.
Supply Chain Management Policy
Ocean Network Express (ONE) recognizes the importance in establishing mutual trust and harmony with our business partners, who are essential to our business network. To accomplish a high service level, we aim to serve our customers with enhanced efficiency, compliance and integrity. We request the agreement and observance of “ONE’s Supply Chain Management Guideline” to support our efforts of fulfilling ONE’s corporate social responsibility (CSR) project.
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Tax Principle
As tax laws and regulations are evolving and becoming more complex, the risk of unintentional compliance breaches is significantly increasing.
ONE is committed to ensuring compliance with local requirements and working towards tax transparency and disclosure.
ONE does not condone the behavior of profit shifting with a tax avoidance intent to minimize its tax obligation and commits to be a responsible taxpayer in all relevant countries. As a starting point, our tax department will conduct a research study in view of analyzing local tax laws and reporting requirements in various countries where ONE may operate. This study will help us prepare for our country-to-country reporting to local tax authorities in accordance with the OECD’s Base Erosion and Profit Shifting project. Global tax policies and an internal control framework will be developed by April 2018, following our commitment to comply with tax laws and regulations in each jurisdiction. ONE will therefore formalize the approach it will take to carry out its tax planning strategy without compromising the integrity of its corporate governance and tax morality. Tax matters will be monitored by our tax department at our global headquarters which also manages country and regional tax departments.
Compliance Framework
Reliability is one of ONE’s core values and we are committed to carrying out our business in an ethical and reliable manner. All ONE employees are required to adhere to ONE’s Business Credo, Code of Conduct and Compliance policies, which set out the standards and expectations for ethical and responsible conduct in compliance with applicable laws and regulations in the jurisdictions we operate in.
The Compliance Committee, chaired by ONE’s Chief Compliance Officer and attended by Global Chief Officers (GCOs), senior management, and department heads, meets twice a year to provide governance and oversight over ONE’s Compliance Framework across each department. Our Compliance Committee is the driver for solidifying the culture of compliance in ONE Group, and determines actions required to establish, monitor and further enhance ONE’s compliance initiatives.
Our global hotline system has been set up for employees to report misconduct and violations of our Code of Conduct, policies and/or applicable laws. All reports received via our hotline system are treated seriously and ONE adopts a non-retaliation policy for any reports made in good faith.
Bribery and Corruption
As elaborated in ONE’s Anti-Bribery and Corruption Policy, all directors and employees shall comply with all applicable anti-bribery and anti-corruption laws and regulations in every jurisdiction that ONE operates. Engaging in any form of corrupt practice, including bribery and extortion, whether directly or indirectly, is strictly prohibited.
Ocean Network Express Modern Slavery Statement
October 2025
This statement is made pursuant to Section 54(1), of the Modern Slavery Act 2015 (UK) and constitutes Ocean Network Express Pte. Ltd. and Ocean Network Express (Europe) Ltd.’s (together as “ONE”) slavery and human trafficking statement for the financial year ending 31 March 2025.
This is our fifth Modern Slavery Statement. In line with the prior statements, ONE further underscores our continued commitment to prevent modern slavery and human trafficking in global business and supply chains, through sustained efforts to document and communicate progress towards our material goals and key performance indicators (“KPIs”).
Our Structure ONE is a global container shipping business operating worldwide with headquarters in Singapore.
Our Policies on Countering Modern Day Slavery and Human Trafficking ‘Modern Day Slavery’ is an umbrella term, which in the context of global supply chains often relates to cases where individuals are subject to human trafficking, forced labor, or servitude; or where coercion, threats or deception are used to intimidate, penalize, or deceive workers thereby creating situations of involuntary work and exploitation.
