Our license to operate goes hand-in-hand with our social responsibility. Responsible practices and long-term business perspectives are inextricably linked to sustainability.
- We are committed to operating a sustainable business, continuously seek improvements, and actively support the achievement of relevant UN Sustainable Development Goals.
- We support sustainable finance market developments, including the broader social and environmental progress that this type of financing can advance – and we recognize the vital role that debt markets can play in encouraging companies to enhance sustainability efforts.
We believe that sustainable financing will become the norm, with a clear alignment between capital and corporate commitment.
- Since 2015, Odfjell has completed one of the most extensive fleet renewal programs in the company's history. The result is one of the world’s most efficient and environmentally friendly fleet.
We believe that fleet modernization, along with a clear commitment to keep reducing emissions and operate to high standards, represents good risk management for the company and benefits our various share- and stakeholders.
To better understand what matters most to Odfjell and our stakeholders from an ESG perspective, we have conducted a materiality assessment, published on our website here.
Our materiality assessment shows how material ESG topics are to our stakeholders and to Odfjell. This is updated annually, and we also present the changes in the assessment from the previous year. Most environmental concerns are receiving growing attention from our stakeholders, with climate change and emissions at the top of the list. We also observe greater awareness of Nature and biodiversity risks. That is why we have incorporated a Nature risk assessment this year.
We also do a double materiality evaluation, in which we evaluate these same topics and how they can impact the environment and society and how they can have a financial impact on Odfjell.