TORM PLC 2017 AR2
The report highlights TORM plc's strategic and financial performance for the fiscal year 2017, including its successful dual-listing on NASDAQ in New York. Despite a challenging product tanker market with subdued freight rates, the company maintained profitability and expanded its fleet by acquiring eight vessels. In terms of sustainability, TORM implemented its 'One TORM Safety Culture' program across its offices and fleet, and achieved a 5.2% reduction in fuel consumption compared to a 2015 baseline. The company also reported zero oil spills larger than one barrel and continued its support for maritime education in India and the Philippines.
Company: TORM PLC
Sector: Energy
Country: United Kingdom
Year: 2017
Type: AR2
Pages: 149
TORM PLC
Annual Report
The report highlights TORM plc's strategic and financial performance for the fiscal year 2017, including its successful dual-listing on NASDAQ in New York. Despite a challenging product tanker market with subdued freight rates, the company maintained profitability and expanded its fleet by acquiring eight vessels. In terms of sustainability, TORM implemented its 'One TORM Safety Culture' program across its offices and fleet, and achieved a 5.2% reduction in fuel consumption compared to a 2015 baseline. The company also reported zero oil spills larger than one barrel and continued its support for maritime education in India and the Philippines.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women on Board
Women in Management
Employees