Teekay Corp Ltd 2019 SR
The report highlights Teekay's strategic transition toward LNG transportation, with 75% of its invested capital now in LNG carriers following the 2019 divestment of its offshore business. It details the completion of a major LNG newbuilding program and the implementation of IMO 2020 fuel regulations across the fleet. Environmental performance data shows a focus on reducing carbon intensity, with new MEGI vessels achieving over 50% lower fuel consumption per cargo capacity. The company also joined the Ship Recycling Transparency Initiative (SRTI) to promote responsible vessel disposal. Socially, Teekay was honored as Shipping Company of the Year for its seafarer welfare initiatives, particularly regarding mental health.
Company: Teekay Corp Ltd
Sector: Industrials
Country: Bermuda
Year: 2019
Type: SR
Pages: 36
Teekay Corp Ltd
Sustainability Report
The report highlights Teekay's strategic transition toward LNG transportation, with 75% of its invested capital now in LNG carriers following the 2019 divestment of its offshore business. It details the completion of a major LNG newbuilding program and the implementation of IMO 2020 fuel regulations across the fleet. Environmental performance data shows a focus on reducing carbon intensity, with new MEGI vessels achieving over 50% lower fuel consumption per cargo capacity. The company also joined the Ship Recycling Transparency Initiative (SRTI) to promote responsible vessel disposal. Socially, Teekay was honored as Shipping Company of the Year for its seafarer welfare initiatives, particularly regarding mental health.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Total Waste
Workplace Fatalities
Employees