Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 4.6% decrease in SOx emissions in 2022 compared to 2021 due to EGCS installation.
• Zero environmental spills in 2022.
• 100% of the fleet fitted with EGCS by the report date.
• 7.2% decrease in EEOI from 2020 to 2021, and a further 1.7% reduction in 2022.
• Outperformed Poseidon Principles emissions trajectory by approximately 14% in 2022.

Social Achievements

• No discrimination, sexual harassment, or assault cases reported in 2022.
• Zero deaths or serious accidents involving employees in 2022.
• Implementation of various seafarer well-being initiatives (24/7 shore medical advice, access to mental health services, internet access, entertainment, gym equipment, onboard libraries, etc.).
• Signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change and the Gulf of Guinea declaration on the Suppression of Piracy.

Governance Achievements

• All board members are independent.
• No questions or complaints received through the whistleblower reporting line in 2022.
• Compliance with ISO 27001 (Information Security Management System) and ISO 9001 (Quality Management System) certifications.
• Compliance with ISPS Code.

Climate Goals & Targets

Environmental Challenges

• Managing risks related to carbon emissions and oil spills.
• Challenges in transitioning to alternative lower-carbon fuels due to the size of VLCCs and operational requirements.
• Maintaining compliance with evolving international regulations (e.g., IMO 2020, Ballast Water Treatment Convention, CII).

Mitigation Strategies

• Focus on high-quality ship operation and well-trained personnel.
• Investment in EGCS and waste heat recovery systems.
• Continuous monitoring of technological and operational developments to reduce emissions.
• Implementation of robust policies, procedures, and plans.
• Commitment to comply with relevant international standards and regulations.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Standards for Marine Transportation

Certifications: ISO 45001 (Health and Safety Management System), ISO 14001 (Environment Management System), ISO 50001 (Energy Management System), ISO 27001 (Information Security Management System)

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 13: Climate Action

DHT's initiatives related to seafarer well-being, emission reduction, responsible labor practices, and operational efficiency contribute to these SDGs.

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• 100% of the fleet fitted with Exhaust Gas Cleaning Systems (EGCSs), reducing SOx emissions.
• Waste heat recovery systems installed on four ships, reducing fuel consumption and emissions.
• Zero environmental spills during 2023.
• All vessels fitted with ballast water treatment systems (BWTS).

Social Achievements

• Implementation of various initiatives to improve seafarer well-being (mental and physical).
• Signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change.
• Signatory to the Gulf of Guinea declaration on the Suppression of Piracy.
• No discrimination, sexual harassment or assault cases reported in 2023.
• Implementation of a Health and Safety Management System, certified as compliant with ISO 45001.

Governance Achievements

• Implementation of various policies (Antitrust, Competition & Fair-dealing Policy, Code of Business Conduct and Ethics, DHT Sanctions Policy, Nominating and Corporate Governance Guidelines, Insider Trading Policy).
• Information Security Management System certified as compliant with ISO 27001.
• Quality Management System certified as compliant with ISO 9001.
• Compliance with the International Ship and Port Facility Security (ISPS) Code.

Climate Goals & Targets

Environmental Challenges

• Managing risks related to carbon emissions and spills to the environment.
• Meeting the Poseidon Principles' emission reduction trajectory, particularly the new methodology's stricter requirements for VLCCs with higher DWTs.
• Maintaining compliance with the IMO's carbon intensity indicator (CII) rating.

Mitigation Strategies

• Focus on owning and operating quality ships with well-trained personnel, supported by robust policies, procedures, and plans.
• Fleet renewal program including four new vessels in 2026 with improved energy efficiency.
• Continuous evaluation of technological and operational developments to reduce emissions.
• Proactive assessment of trading patterns to mitigate piracy risks in the Gulf of Guinea.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Standards for Marine Transportation

Certifications: ISO 45001 (Health and Safety Management System), ISO 14001 (Environment Management System), ISO 50001 (Energy Management System), ISO 27001 (Information Security Management System), ISO 9001 (Quality Management System)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation, and Infrastructure)
• Goal 13 (Climate Action)

DHT's initiatives contribute to these goals through emission reduction efforts, investments in energy-efficient technologies, and responsible ship recycling.

Awards & Recognition

• DHT ranked number 6 out of 64 shipping companies in the 2023 ESG Scorecard report (Webber Research).
• DHT ranked number 1 amongst all crude tanker companies in the Webber Research report.
• Goodwood Ship Management received the MaritimeSG LowCarbon50 Award (2024).