Tapping the future of shipping – Hapag-Lloyd published new sustainability report
29 Apr 2021 13:06
- Sulphur oxides reduced by 70% compared to the previous year
- Additional fuel savings achieved through ship optimisations
- New propulsion concepts tested, and state-of-the-art ships ordered
- Focus remains on ensuring the safety and well-being of our employees
- New sustainability strategy with concrete goals to be published later this year
Owing to the coronavirus pandemic, the safety and well-being of employees had a particularly high priority during the year under review, with the result that more than 90 percent of our land-based employees were working from home at times. However, great demands were also placed on the seafarers on board our ships, as crew changes were made considerably more difficult by multiple entry restrictions and many of them had to stay on board much longer than originally planned. For this reason, considerable efforts were also made to get them back to their families and loved ones safely and as quickly as possible.
However, the biggest challenge in the years ahead will continue to be climate change, and more will need to be invested in research and development related to propulsion concepts and fuels if we are to reach the goal of achieving climate neutrality in shipping. Shipping already accounts for 3 percent of all CO2 emissions today, and this must be further reduced in the future. That is also why our new sustainability report bears the title: “Tapping the future of shipping”. Of course, container ships are still the most efficient means of transporting large quantities of goods, including from an environmental point of view. Yet even with these efficiency-related advantages, it is clear that much more needs to be done for climate protection.
“We have made a lot of progress in all sustainability dimensions. At the same time, we are conscious of the fact that we also have a very great responsibility when it comes to climate protection. We will therefore continue to work hard to modernise our fleet and to reduce our carbon footprint. This will likewise remain an essential part of our new sustainability strategy, which we will be publishing later this year. At its core, it is about continuously increasing our contribution to sustainability-related efforts and making incremental improvements,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
With its new sustainability strategy, Hapag-Lloyd will set itself specific targets for the next 10 years. One was already announced in March 2021, when Hapag-Lloyd successfully placed a “sustainability-linked bond” that is connected to a clearly defined sustainability target: By 2030, the CO2 intensity of Hapag-Lloyd’s own fleet is to be reduced by 60 percent compared with 2008, the reference year of the International Maritime Organization (IMO). Improvements in the CO2 intensity will be measured and annually disclosed according to the so-called Average Efficiency Ratio (AER) indicator, which was 11.68 in 2008 and is expected to fall to 4.67 by 2030. The AER provides information on CO2 intensity and is measured in grams of CO2 per tonne-mile (gCO2/dwt*nm).
Here you can find the new sustainability report for the 2020 financial year.
Tapping the future of shipping – Hapag-Lloyd published new sustainability report
Press contact
Hapag-Lloyd AG
Nils Haupt
phone: +49 40 3001 - 2263
Tim Seifert
phone: +49 40 3001 - 2291
Nils Haupt
phone: +49 40 3001 - 2263
Tim Seifert
phone: +49 40 3001 - 2291