We believe our sustainability strategy is the key to balancing the interests and expectations of all our stakeholders, including investors, analysts, employees, customers, suppliers, and communities, and ultimately creating long-term value. We are proud of the achievements our strategy has delivered in 2022, as highlighted below and detailed throughout the report, and look forward to the challenges ahead. Frontline has a comprehensive Compliance Program led by our Compliance Officer, ensuring that we conduct our business in an honest and ethical manner. In 2022, we conducted a full Compliance Risk Assessment to identify and mitigate the compliance risks Frontline is exposed to, with sanctions and cybercrime dominating the risk map. Since the start of 2022 and Russia’s invasion of Ukraine, the UK, EU and US have imposed extensive sanctions against Russian interests targeting, inter alia, entities, individuals, oil and oil products. Owing to the various compliance systems and controls implemented, we have addressed and managed the identified risks and had zero monetary losses resulting from any form of corruption. Expanding and modernising our fleet remains a key part of our strategy, and we are committed to an investment programme towards vessel acquisitions, newbuildings and retrofits, which can be powered by low or zero carbon fuel solutions.