Building on Our Work
Our Progress
Nov 2021 Dedicated decarbonisation fuction established Matt Dunlop appointed Director of Decarbonisation
2024 Onwards: ESG Strategy and the CSRD Building on our existing commitments, we are developing an ESG strategy designed to address the critical challenges and opportunities facing the maritime industry today and, in the future while ensuring regulatory compliance. The Corporate Sustainability Reporting Directive (CSRD) represents a significant shift in sustainability operations and reporting requirements, necessitating our acute focus on this mandatory transition. Our current strategy and roadmap are rooted in the principles of sustainability, transparency, and accountability, ensuring that we create long-term value for our stakeholders while minimising our environmental footprint and enhancing social well-being. Over the next year, we will update and refine this strategy to align with the requirements of the CSRD. To ensure compliance and readiness, we are conducting a thorough gap analysis to identify areas where our current strategy and reporting practices need enhancement to meet CSRD requirements. We are investing in data management systems to ensure accurate, reliable, and comprehensive ESG data collection and reporting. Additionally, we are providing targeted training to our reporting teams and other relevant staff to build the necessary skills and knowledge for CSRD compliance. We are committed to enhancing our sustainability performance and transparency, ultimately driving better outcomes for our business, stakeholders, and the environment. By enhancing our communication strategies, we aim to ensure clear, transparent, and consistent reporting that meets the expectations of all stakeholders.
Governance through Organisational Changes
Jul 2023 Launch of V.ERDE V. launched tiered decarbonisation product called V.ERDE
As we implement our ESG strategy, managing organisational change is crucial to our success. Ensuring strong support and active involvement from top management in driving ESG initiatives is essential. We are implementing structured change management programmes to guide employees through transitions, including training and communication plans. Activity Metrics
Nov 2021 Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) V. becomes the ship management partner to the MMMCZCS, committing money and people to the Centre
Q3 2023 V. showcases credentials at LISW V. took part in London International Shipping Week
42 Shoreside Office Locations Worldwide
26,095 Shipboard Employees Average in 2023 [TR-MT-000.A]
205,125 Total Operating Days [TR-MT-000.C]
Mar 2022 Ammonia safety study
MMMCZCS – in partnership with V. – commences study on ammonia as an alternative fuel, with focus on Human Factor consideration, which was published 27 May 2023
DWT
41,084,245 Total Deadweight Tonnage [TR-MT-000.D]
503 Number of Managed Vessels in Fleet (Q4 2023) [TR-MT-000.E]
25,546 Approximate Number of Port Calls [TR-MT-000.F]
H2 2023 Roadmap to net zero carbon in 2050 V. commit to aligning with IMO’s Decarbonisation Trajectory
Sep 2022 First V. TCFD disclosure
V. published first sustainability disclosure early 2020 covering 2019. Have since issued annual sustainability disclosures, from 2022 including the voluntary TCFD disclosure
8 | Building on Our Work; ESG Strategy
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