Climate Change Data

Viking Line Abp

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:217,418 tCO2 (2021)
Water Consumption:133,832 m3 (2021)
Waste Generated:1,030 tons (2021) solid waste for incineration; 31 tons (2021) waste to landfill; 388 tons (2021) waste for recycling; 494 tons (2021) biowaste; 18 tons (2021) hazardous waste

ESG Focus Areas

  • Affordable and clean energy
  • Life below water
  • Good health and well-being
  • Responsible consumption and production

Environmental Achievements

  • Reduced emissions from ships by 30% per nautical mile since 2008.
  • Viking Glory, one of the world’s most climate-smart passenger ships, delivered.
  • Reduced food waste by up to 40% on Viking Cinderella through a new buffet concept.
  • Increased recycling of glass, paper, carpet, scrap metal, and plastic bags.

Social Achievements

  • 93% of passengers surveyed felt safe traveling with Viking Line during the pandemic.
  • Maintained employment across Finland and Sweden, supporting smaller communities.
  • Implemented infection control measures verified by DNV GL's My Care methodology.

Governance Achievements

  • Fully subscribed rights issue raised EUR 52 million, strengthening financial position.

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon dioxide emissions from shipping by 40% by 2030 (global target, Viking Line is on course).

Environmental Challenges

  • Coronavirus pandemic negatively impacted profitability and passenger volumes.
  • EU's Fit for 55 action programme poses additional challenges for emissions reduction.
  • Achieving sufficient profitability during the transition to sustainable fuels.
Mitigation Strategies
  • Cost-cutting measures implemented to improve performance.
  • Proactive work and investment in Viking Glory to meet future demands.
  • Active involvement in projects concerning new sustainable solutions for shipping.

Supply Chain Management

Responsible Procurement
  • Preference for eco-labelled products; monitoring of suppliers' environmental practices.

Climate-Related Risks & Opportunities

Transition Risks
  • EU's Fit for 55 action programme
Opportunities
  • Development of energy-efficient products and services

UN Sustainable Development Goals

  • Goal 7 (Affordable and clean energy)
  • Goal 13 (Climate action)
  • Goal 3 (Good health and well-being)

Initiatives to reduce emissions, improve energy efficiency, and promote employee well-being.

Sustainable Products & Innovation

  • Viking Glory