Dampskibsselskabet Norden AS 2023 AR2

The report highlights NORDEN's strong performance in 2023, delivering a net profit of USD 400 million and a return on invested capital (ROIC) of 32% despite declining freight rates. The company executed key strategic milestones, including its first-ever acquisition of Projects & Parcelling activities and expanding into the Capesize segment. On the environmental front, NORDEN reduced its fleet-adjusted emission intensity (EEOI) by 9% year-on-year, keeping it on track for its 2030 reduction targets. Additionally, the company achieved its diversity target with a 41% share of the underrepresented gender in its workforce and acquired a strategic minority stake in biofuel scale-up MASH Makes to secure future renewable fuel supplies.

Company: Dampskibsselskabet Norden AS

Sector: Industrials

Country: Denmark

Year: 2023

Type: AR2

Pages: 158

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Dampskibsselskabet Norden AS

Dampskibsselskabet Norden AS 2023 Annual Report

Annual Report

The report highlights NORDEN's strong performance in 2023, delivering a net profit of USD 400 million and a return on invested capital (ROIC) of 32% despite declining freight rates. The company executed key strategic milestones, including its first-ever acquisition of Projects & Parcelling activities and expanding into the Capesize segment. On the environmental front, NORDEN reduced its fleet-adjusted emission intensity (EEOI) by 9% year-on-year, keeping it on track for its 2030 reduction targets. Additionally, the company achieved its diversity target with a 41% share of the underrepresented gender in its workforce and acquired a strategic minority stake in biofuel scale-up MASH Makes to secure future renewable fuel supplies.

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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

Reporting Standards

Materiality Assessment

Assurance

Assurance Provider

Assurance Standard

ESG Data?Experimental — AI-extracted data, may contain inaccuracies

Emissions

Scope 1:

Scope 2:

Scope 3:

Energy Consumption

Renewable Energy

Women on Board

Women in Management

Workplace Fatalities

Net Zero Target

Employees