Annual Report

Overview

The report describes Odfjell's response to the Covid-19 disruption while emphasizing safety, efficiency and continuity of operations. It highlights new climate and diversity targets, the appointment of the company's first Chief Sustainability Officer and the introduction of a sustainability-linked financing framework. The company issued the first sustainability-linked bond in the shipping sector and reports lower fleet carbon intensity despite higher absolute CO2 emissions from fleet growth. The ESG section follows SASB and TCFD-related guidance and reports emissions to CDP, the UN Global Compact and other maritime frameworks.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2020
Period: 1 January 2020 – 31 December 2020
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

GRI level

Materiality

Assessment
Basis

Assurance

Level
Standard
Scope
Statement included

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