Sustainability report 2020

"We are in a unique position to shape our industry. Unique because we have the ambitions, the will, the reputation, combined with in-depth experience and knowledge of our industry. Although our big headlines are about renewable energy and the future, we are committed to continue to grow and expand our top tier positions within our industry fleet through the development of sustainable products and solutions. Reaching more than 50% of the world's merchant fleet, combined with our global infrastructure gives us a unique opportunity to truly contribute to shaping the maritime industry and enable sustainable global trade through our offerings. This is a responsibility and opportunity we take seriously. We remain committed to the ten principles of the UN Global compact and to actively contributing towards the UN Sustainable Development Goals." - Thomas Wilhelmsen, group CEO

Hello stakeholders!

2020 was a professionally and personally challenging year.

We are extremely proud of our employees and grateful for their resilience and can-do attitude during these times.

Through the grey clouds of a pandemic, we also experienced some green shoots, like the intensified attention towards climate action and the energy transition. We're proud of the activities and investments we've made in these areas during the year, particularly in the renewable energy value chain.

You will find our report has short descriptions of our 2020 activities in each of our highest materiality focus areas, and a list of figures related to those activities. You can read more about our overall sustainability approach here.

Melanie Moore

Vice president ESG

Demographics

We strive to create a culture where our employees around the world deliver the right results in the right way.
Health, safety and wellbeing

Our focus is the continuous improvement of health and safety management systems and employee behaviors.
Ethics and Anti-corruption

Our focus is to improve identification and follow up of compliance deviations; and increase employee competence in responsible business practice.
Cyber Security and Data Protection

Our focus is to implement a cyber security framework; strengthen operational measures; and increase employee competence in cyber risk prevention behavior.

Responsible Procurement

Our focus is to improve supplier selection and assessment process and to improve supplier engagement in responsible practices, through risk-based audits.
Environment

Our focus is on reducing the environmental impact of our own and our customers operations; as well as addressing industry and societal issues in particular, climate action and marine litter and pollution.
Business offering and model innovation

Our approach to innovation is to invest and develop new business models, technologies, processes and capabilities that result in sustainable product and service offerings and the enabling infrastructure.