TORM PLC 2023 SR
The report outlines TORM's sustainability progress in 2023, highlighting a 39.6% reduction in carbon intensity compared to the 2008 baseline, nearing its 2025 target of 40%. The company committed to achieving zero CO2 emissions from fleet operations by 2050 and continued implementing technical innovations like silicone hull coatings and Mewis ducts. TORM reported on Scope 1, 2, and 3 emissions, noting an increase in total emissions due to fleet expansion. Social initiatives focused on safety, achieving a Lost Time Accident Frequency of 0.32, and promoting diversity with a target of 35% women in leadership by 2030. Governance efforts included preparing for CSRD compliance and maintaining zero tolerance for corruption through the Maritime Anti-Corruption Network.
Company: TORM PLC
Sector: Energy
Country: United Kingdom
Year: 2023
Type: SR
Pages: 41
TORM PLC
Responsibility Report
The report outlines TORM's sustainability progress in 2023, highlighting a 39.6% reduction in carbon intensity compared to the 2008 baseline, nearing its 2025 target of 40%. The company committed to achieving zero CO2 emissions from fleet operations by 2050 and continued implementing technical innovations like silicone hull coatings and Mewis ducts. TORM reported on Scope 1, 2, and 3 emissions, noting an increase in total emissions due to fleet expansion. Social initiatives focused on safety, achieving a Lost Time Accident Frequency of 0.32, and promoting diversity with a target of 35% women in leadership by 2030. Governance efforts included preparing for CSRD compliance and maintaining zero tolerance for corruption through the Maritime Anti-Corruption Network.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Sustainable Development Goals
Other Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees