ESG at Hafnia

Our Approach to ESG

Hafnia has an annualized Double Materiality Assessment to identify and prioritize the sustainability issues most relevant to our business and stakeholders.

We consider both our impacts on people and the environment (impact materiality) and how sustainability-related developments may affect Hafnia’s business (financial materiality).

Input from internal and external stakeholders informs our prioritization and guides our strategy, targets, and governance focus.

Hafnia Materiality Matrix 

­ Environment 

Climate change adaptation and mitigation
Pollution of air
Drivers of biodiversity and ecosystem change
Waste

­ Social

Working conditions
Health and safety
Training and skills development
Diversity and equal treatment
Other labor-related human rights

­ Governance

Corporate culture

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 oversight sits with Hafnia's Board of Directors and is delegated to the Audit Committee, which reviews the Double Materiality Assessment annually.

Sustainability targets are set as part of Hafnia’s corporate strategy, with progress regularly reported to the Board.

Day-to-day accountability for material ESG topics rests with the relevant business functions, is supported by the ESG team.

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 behavior.

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

ESG Targets for Management

­Reduction of carbon intensity reduction by 40% by 2028, from 2008 baseline

­ Achieve Lost Time Injury Frequency of <0.4 observation / inspection and Total Recordable Case Frequency of <1.0 observation / inspection

­ Achieve 40% female representation onshore and 30% women in managerial positions by 2030

­ Achieve >85% favorable results from the yearly engagement survey

­ Ensure zero compliance breaches and that all employees complete mandatory compliance training

­ Deliver year-on-year improvement in material weaknesses reported in our 20-F

We engage with stakeholders across our value chain to support responsible business practices and progress on decarbonization.

This includes ongoing dialogue and collaboration with our shore-based employees and seafarers, customers, suppliers, pool partners, investors and lenders, authorities, and industry associations. This helps Hafnia anticipate emerging trends and integrate stakeholder expectations into our strategy and decision-making.

Read More – Sustainability Statements

To find out more about Hafnia’s progress towards environmental, social and governance commitments, read our Sustainability Statement as an integrated part of Hafnia’s Annual Report.