Odfjell SE - Chemical Tanker Industry Update
Introduction
ESG
Strategy update
Tank Terminals
Capital Allocation
ESG has always been a focus in Odfjell and we have consistently delivered
improvements. ESG will continue to be a vital part of our strategy
Strategy
O Sustainability is included as an integral
part of the Odfjell Strategy, with a clear
statement of «<Our Impact» together with
Vision, Mission and Commitment
Our first sustainability report was
released in 2018 and we have since then
increased reporting on key ESG related
topics based on high demand and growing
attention
O ESG has always been a core focus area
for Odfjell. The higher attention on these
factors from the finance community is
welcomed
Environmental
O Energy efficency of our fleet has improved
more than 30% since 2009
O EEOI reduced by more than 20% since 2008
Ranked number 1 among chemical tankers
operators on fleet average EVDI rating since
vs 2008 baseline
O Ranked number 2 among chemical and
product tankers operators on owners with a
share of fleet with EEDI improvement
Fuel-cell project to be piloted on an Odfjell
ship in 2021. This is the first of its kind
Social
Odfjell do not compromise on safety
Our last LTI was in August 2019
O All vendors have signed our corporate
conduct principles where we have clear
demands on issues like safety, ethics, human
rights, discrimination and others
Odfjell has a gender diversity programme
O Odfjell is a signatory to the UN Global
Compact and supports all the ten principles,
where number 3 to 6 concerns labor rights
Governance
O Odfjell have a clear policy on anti-
corruption and integrity framework based on
the UK Bribery act
O Mandatory training and signing of Code of
Conduct and anti-corruption policies for all
our employees
O Odfjell is a member of the Maritime Anti-
Corruption Network and the "Say-no"
campaign is implemented on all our vessels
O Odfjell supports and follow the
recommendation on ship recycling
ODFJELL
Global operations
- Our responsibility
Sustainability in Odfjell
Our Fleet initiatives gives us top ranking among chemical tanker peers and we
are the 2nd most active operator retrofitting vessels between chemical and
product tanker peers according to third party sources
Chemical tankers Fleet average EVDI rating vs 2008 baseline (% above/below)
Ddfjell
Operator 2
Oparator 3
Operator 4
Operator 5
8%
Operator &
Operator
Operator
Operator
Operator 10
45
Operator 11
Operator 12
1
0%
Operator 14
Operator 15 -3%
21%
20%
Jork
14%
Operator 3
Operator 5
Ороголо
Operator7
Operator 8
Оретабот 9
Operator 10
Oparator 11
Operator12
Operator 13
Operator 14
Operator 15
Chemical/product tankers: Share of fleet w/EEDI improvement
100%
Retrofitted Non-atrofit
DEEDI are set out in the M02050 initial strategy
The 2000 and 2050 targets are 40% and 70% improvement vs. The 2008 baseline
The above highlights the share of the operators fleet average that is above/below the 2008 baseline
The above measures how actively operators are retrofitting vessels within the
producchemical sarker peer group
Source Of
4
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
7
13
Odfjell Anti-corruption course
Anti-Corruption E-learning Course
Merry
ODFJELL
Anti-Corruption
E-Learning
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