ADNOC Logistics & Services PLC 2023 AR2
The report highlights ADNOC Logistics & Services' transformational year in 2023, marked by its record-breaking IPO on the Abu Dhabi Securities Exchange and a 138% increase in net profit to $620 million. The company expanded its fleet to 233 owned vessels, including the delivery of four dual-fuel Very Large Crude Carriers and five dual-fuel Very Large Gas Carriers. In sustainability, the company achieved a 30% reduction in carbon emissions intensity from shipping operations since 2020 and improved energy efficiency by 24% across its shipping fleet. Additionally, the company secured a landmark $975 million EPC contract for an artificial island and achieved an In-Country Value rate of 86%.
Company: ADNOC Logistics & Services PLC
Sector: Energy
Country: United Arab Emirates
Year: 2023
Type: AR2
Pages: 80
ADNOC Logistics & Services PLC
Annual Report
The report highlights ADNOC Logistics & Services' transformational year in 2023, marked by its record-breaking IPO on the Abu Dhabi Securities Exchange and a 138% increase in net profit to $620 million. The company expanded its fleet to 233 owned vessels, including the delivery of four dual-fuel Very Large Crude Carriers and five dual-fuel Very Large Gas Carriers. In sustainability, the company achieved a 30% reduction in carbon emissions intensity from shipping operations since 2020 and improved energy efficiency by 24% across its shipping fleet. Additionally, the company secured a landmark $975 million EPC contract for an artificial island and achieved an In-Country Value rate of 86%.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Net Zero Target
Employees