Our policies, processes and systems ensure the highest standards of environmental protection across our assets. As regulations continue to intensify we continuously review our policies to ensure these are being met across the Group.
Clean air legislation continues to emerge as a key global concern. International Maritime Organization (IMO) regulations, reducing allowable sulphur emissions to 0.5%, have impacted businesses like ours across the supply chain. At the same time, our stakeholders expect us to demonstrate our commitment to sustainability and our responsibility to the environment.
Our businesses have multiple targets to reduce our environmental impact.
- Reduce carbon intensity by 50% (relative to 2008 levels) by 2030
- Have at least one carbon neutral ship in the fleet by 2030
- Run a carbon-neutral business by 2050
- Primary activities to be carbon neutral by 2040
Stolt Tank Containers
- 50% renewable energy consumption at its wholly-owned depots by 2030
- 40% reduction of the carbon footprint of our transportation partners by 2030
Stolt Sea Farm
- Zero waste to landfill by 2030, focusing on recycling and energy recovery
- Reduction of fish products in our ongrowing feed
- 65% reduction for sole, and 50% reduction for turbot by 2030
When it comes to ship recycling, Stolt Tankers and its preferred recycling yards operate in accordance with the International Maritime Organization’s (IMO’s) 2009 Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships.
All ships delivered for recycling hold an inventory of hazardous materials, certified by accredited auditing body DNV GL, and verifying that the vessel has been properly prepared. During recycling we maintain one to three surveyors onsite at the yard, to monitor the process first-hand from start to finish.
Stolt Tankers is a founding member of the SRTI (www.shiprecyclingtransparency.org), a ‘one-stop-shop’ for publishing information on ship recycling against a set of predefined disclosure criteria. This online platform has been jointly developed by key industry stakeholders to encourage shipowners to share their ship recycling policies. It offers stakeholders access to information on different companies’ approaches, enabling them to make informed decisions when choosing their shipping partners.