Climate Change Data

Hafnia Limited

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:1,869,715 MT CO2e
Scope 1 Emissions:1,869,715 MT CO2e
Scope 2 Emissions:212.7 MT CO2e
Carbon Intensity:5.24 grams/ton nautical mile

ESG Focus Areas

  • Climate Change
  • Diversity, Inclusion, Belonging & Equity (DIBE)
  • Sustainable Supply Chain
  • Health, Safety & Security
  • Business Ethics and Compliance

Environmental Achievements

  • 7.3% below the present IMO baseline for carbon intensity (5.24 grams/ton nautical mile)
  • 61% of the eligible fleet fitted with premium hull coatings, reducing 80,000 MT of CO2
  • Emissions reduction of 11,000 MT from the application of Mewis devices
  • 15.5% reduction in overall plastic waste within the internally managed fleet compared to 2021

Social Achievements

  • Met onshore diversity targets (35% women)
  • 93% of onshore team felt they could be themselves at work (employee engagement survey)
  • Launched the Maritime DEI Innovation Lab
  • Introduced 18 weeks of paid maternity leave for women seafarers
  • 94% employee retention rate onshore

Governance Achievements

  • Established a designated ESG function
  • Implemented a robust Compliance Program
  • No reported cases of misconduct, whistleblowing reports, or fines incurred related to bribery or corruption

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
  • Zero harm to people
Medium-term Goals:
  • 40% reduction of fleet carbon intensity compared to 2008 by 2028
  • >40% women in offices by 2030
Short-term Goals:
  • Set diversity gender target at sea and ethnicity target
  • Review of all policies and yearly training plans
  • Higher or similar retention rate than 2022
  • >90% positive result from the annual employee engagement survey
  • LTIF < 0.5, TRCF < 1.5
  • All vessels compliant with EEXI and CII regulations
  • Zero breaches with environmental legislation

Environmental Challenges

  • Navigating sanctions and geopolitical complexities
  • Decarbonising the maritime sector
  • Addressing industry-wide challenges in risk management, compliance, and ethics
  • Maintaining a unified culture across a global workforce
  • Addressing diversity and inclusion challenges in the maritime industry
Mitigation Strategies
  • Launched Climate Strategy with ambitious targets (Net Zero by 2050)
  • Implemented numerous energy-saving initiatives
  • Investing in low-carbon solutions (LNG dual-fuel vessels, collaboration with Clean Hydrogen Works)
  • Developed a digital tool to calculate and improve transparency on carbon emissions
  • Implemented Ambitious Leadership program
  • Joined All Aboard Alliance to address diversity and inclusion challenges
  • Strengthened anti-harassment and anti-bullying policies
  • Enhanced whistleblowing channels

Supply Chain Management

Supplier Audits: Regular audits to verify compliance with Supplier Code of Conduct

Responsible Procurement
  • Supplier Code of Conduct addressing safety, technical, ethical, environmental, and human rights standards

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions
  • Rising sea levels
Transition Risks
  • Regulatory changes
  • Market shifts towards renewable energy
  • Increased financing costs
Opportunities
  • Development of energy-efficient products
  • Transporting renewable bioproducts
  • Strategic partnerships to accelerate decarbonization

Reporting Standards

Frameworks Used: Maritime Industry Framework (MIF), Global Reporting Initiative 2021 (GRI), Sustainability Accounting Standards Board (SASB), Taskforce on Climate-Related Financial Disclosures (TCFD)

Certifications: ISO 14001

Sustainable Products & Innovation

  • LNG dual-fuel vessels

Awards & Recognition

  • Danish Shipping Seafarer of the Year