Climate Change Data

Stena AB (publ)

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:3,060,000 tonnes CO2e
Scope 1 Emissions:180 tonnes CO2e (Stena Property)
Scope 2 Emissions:7,755 tonnes CO2e (Stena Property)
Scope 3 Emissions:90,797 tonnes CO2e (Stena Property)
Renewable Energy Share:Not disclosed
Total Energy Consumption:11.2 TWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environment
  • Safety and security
  • People
  • Society

Environmental Achievements

  • Reduced CO2 emissions from vessels (various scopes and business units, see Metrics for details)
  • Reduced energy consumption by vessels (NMG -2%)
  • Reduced energy consumption in Stena Property (-2%)
  • Zero oil spills across all business units

Social Achievements

  • Improved vessel employee retention rate (NMG 96%, Stena Bulk 93%)

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050 (Stena Bulk)
Medium-term Goals:
  • Reduce CO2 emissions from vessels by 30% by 2030 (Stena Line, Stena RoRo)
  • Reduce CO2 emissions from vessels by 40% by 2030 (Stena Drilling)
  • Reduce energy consumption in Stena Property by 55% by 2030
  • Achieve 26% diversity (share of employees with international background) in Stena Property by 2024
  • Achieve 82% security index in Stena Property by 2025
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Developing more efficient vessels to reduce environmental impact
  • Maintaining a high level of employee satisfaction and retention
Mitigation Strategies
  • Several environment-related projects to reduce environmental impact
  • Focus on creating a working climate with energy, passion, and respect for the individual; annual career development meetings for every employee

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Signed Supplier Code of Conduct (Stena Line)

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:22,628 (1,000 tonnes) CO2 (Stena Line, Stena Bulk, Stena RoRo, and Stena Drilling)
Total Energy Consumption:9.5 TWh (Stena Line, Stena Bulk, Stena RoRo, and Stena Drilling)

ESG Focus Areas

  • Environment
  • Safety & Security
  • People
  • Society

Environmental Achievements

  • Stena Bulk reduced emissions by approximately 15% from 2022 due to a reduced fleet.
  • Stena Property produced 6.3 million kWh of self-generated electricity in 2023 (tripling since 2022).
  • Stena Property achieved 75% sustainable financing, exceeding its 2027 target.
  • Stena Line's second E-flexer vessel on the Karlskrona-Gdynia route commenced operation, contributing to a significant travel volume increase.

Social Achievements

  • Stena Property's safety index reached its highest ever level at 79.5%.
  • Stena Property provided 976 holiday jobs for young people.
  • Stena Line launched a new network, #OnboardWomen, to empower female seafarers.
  • Stena Line increased employee survey participation from 75% to 85%.

Governance Achievements

  • Stena adopted a Group-wide AI policy and Anti-Bribery and Corruption Policy.
  • Stena refinanced a number of major loan facilities, securing long-term liquidity.
  • Successful implementation of AI-based heating control in Stena Property's apartments, resulting in significant energy savings.

Climate Goals & Targets

Long-term Goals:
  • Stena Property aims to achieve net-zero carbon emissions by 2045.
  • The long-term goal for international shipping is to achieve net zero emissions by 2050.
Medium-term Goals:
  • Stena Property aims to reduce its climate footprint by 55% by 2030 compared to 2018.
  • Stena aims to reduce ships’ carbon emissions per tonne-miles by at least 40% by 2030.
Short-term Goals:
  • Stena Property aims to achieve at least 82% safety index by 2027.
  • Stena Property aims to be 60% self-sufficient in electricity in Sweden by 2027.

Environmental Challenges

  • Decreased freight demand for Stena Line due to competitor acquisitions and economic factors.
  • High inflation, recession, and war impacting Stena Line's cost structure.
  • Reduced demand for Stena Adactum's products due to a decline in the consumer market.
  • Uncertainty regarding the availability and competition for future fuels in the shipping industry.
Mitigation Strategies
  • Stena Line invested in RoPax vessels for increased flexibility.
  • Stena Line made investments in ports to strengthen its role in European infrastructure.
  • Stena Adactum implemented restructuring measures to strengthen equity ratios and improve efficiency.
  • Stena Bulk reduced exposure to chartered vessels and secured longer contracts with key customers.
  • Stena developed an internal system to manage the EU's Emissions Trading System (ETS) for shipping.

Supply Chain Management

Responsible Procurement
  • Stena Line has a supplier code of conduct signed by 95% of addressed procurement volume.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions
  • Changed water flows
Transition Risks
  • Legal, market-related, and financial risks associated with the transition to fossil-free fuels.
Opportunities
  • Transition to fossil-free fuels and more energy-efficient tonnage.

Sustainable Products & Innovation

  • Stena E-flexer hybrid vessels
  • AI-controlled district heating

Awards & Recognition

  • Best commercial property company in Sweden (Stena Property)
  • Second place in Real Estate Company of the Year Residential (Stena Property)
  • 'Greatest Digital Transformation' prize by Optimizely (Stena Property)