Annual Report

Overview

The report presents TORM's first CSRD/ESRS-aligned Sustainability Statement, with a double materiality assessment and limited assurance. It reports 2024 consolidated revenue of USD 1,559.2m, 4,197 employees, and gross Scope 1, 2, and 3 emissions of 1,594,793, 832, and 1,849,266 metric tons, respectively. TORM says it achieved its 40% carbon-intensity target early and sets a 45% 2030 reduction target alongside net-zero GHG emissions by 2050.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: 1 January 2024 – 31 December 2024
Publication date: 6 March 2025
Language: English
Pages
File size

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

Materiality

Assessment
Basis

Assurance

Provider
Level
Standard
Scope
Statement included
Metrics assured

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