No negative impact on climate
We are working towards no negative impact + CO2 and our target is to reduce our fossil CO2 emissions by 30% by 2030.
Our approach
As a transportation company, we have long recognised our impact on the environment from our own operations. We started using on-shore power back in 1990, and we were the first shipping company to convert one of its vessels to methanol. In recent years, however, the urgency and scale of effort required to tackle climate change has come into focus. This, together with new corporate reporting legislation and stakeholder expectations, is leading us to intensify our work.
We want to become a leader in reporting and driving down Scopes 1, 2 and 3 emissions. Our ambition is to operate with zero emissions in the future, through the use of clean electricity and renewable fuels. We want to contribute to a sustainable transport infrastructure by offering a sustainable fuel supply to enable intermodal solutions. We want to understand our impact upstream and downstream from our own operations, so that we can address our full environmental impact.
Our target
30%
CO2 reduction by 2030 on 2019 baseline
Our actions
Scope 1
We are working to reduce emissions from our operations by making fleet and technical improvements to save energy. We are also adopting renewable methanol, HVO 100 and other biofuels and electrification among other solutions on our journey to net zero emissions.
Scope 2
To minimise our emissions from energy, we are installing solar panels in several of our sites to generate our own electricity. We have non fossil energy in all ports where it is possible.
Scope 3
In 2023, we will perform a materiality analysis to prioritise our work on the emissions that we are indirectly responsible for, up and down the value chain. We are implementing new systems for collecting and reporting data so that we can establish relevant KPIs for reducing greenhouse gas emissions. We are also asking our main suppliers to provide their numbers for our system to make sure we have accurate data. By 2026, we will measure the full range of activities with our suppliers and customers.