ESG at Hafnia

Our Approach to ESG

Hafnia has performed an ESG materiality assessment to prioritise sustainability issues mattering most to our businesses and stakeholders. We engaged internal and external stakeholders on rating the importance of relevant ESG issues and developed our materiality matrix.

Hafnia Materiality Matrix 

­ Environment 

Greenhouse Gas Emissions (GHG)
Ecosystems & Biodiversity
GHG emissions, waste and pollution
Investing in low carbon solutions
Ship Recycling

­ Social

Diversity, Inclusion, Belonging and Equity
Human Capital
Health, Safety & Security
Human Rights
Sustainable partnerships

­ Governance

Governance Structure and Authority (incl. effective risk management processes)
Integrity & Business Ethics
Anti-Bribery and Anti-Corruption

Our Corporate Strategy

Sustainability is at the heart of our Corporate Strategy. We implement initiatives reducing our environmental impact relating to emissions and ecosystem protection. Diversity and safety of our employees is at the forefront of everything we do.

ESG strategy at Hafnia is anchored with our Board of Directors and the Leadership Group.

Ownership and responsibility to drive actions across 19 materiality issues is led by business heads, supported by our ESG function to ensure alignment.

See Full Framework

Safety and sustainability are embedded in our performance culture. We measure individual performance in a holistic way across two dimensions: business delivery through KPIs and how we deliver through behaviour.

Our CEO and CFO have ESG related KPIs assessed on a bi-yearly basis.

ESG Targets for Management

­Achieve 2023 diversity targets in accordance with the All Aboard Alliance

­ Achieve average of 90% favorable result from the yearly engagement survey

­ Implement at least two technologies to improve efficiencies onboard

­ Continued fuel reduction YoY, to achieve a reduction of carbon intensity by 40% by 2028, from 2008

­ Continue to promote and maintain Zero Harm and Health & Safety targets for owned ships

­ Ensure trainings are provided to all employees for the four key pillars of compliance, with zero breaches

We act as a responsible industry leader. The path to decarbonisation includes on-going strategic partnerships with internal and external stakeholders, including shipyards, charterers, bunker suppliers and regulatory bodies.

We foster and encourage innovation to develop new ideas to exceed stakeholders’ needs.

We use and are co-developing COACH, a vessel monitoring performance and weather routing system.

We have invested in SmartShip, a cloud-based solution collecting live data from vessels, to optimise operational efficiency.

This collaboration developing LNG fueled vessels is an example of our strategic alliance with customers to future proof operations.