Compliance means obeying the law. Ethics is the intent to observe the spirit of the law, and the expressed intent to do what is right.
The aftermath of unethical behavior can be devastating for a shipping company, and its employees, both shore and sea staff. We have seen time and time again million dollar fines, long probation periods and extensive environmental compliance programs.
Recent incidents of magic pipe cases in USA have yet again raised the need for ethical behavior and effective environmental compliance programs. Therefore, a program that strongly emphasizes both ethics and environmental compliance is good business.