Our ESG ambition

Learn more about
our ESG strategy, targets and ambitions and SDGs.

Environmental, Societal & Governmental Responsibility

ESG is increasingly seen as a source of value creation and becoming essential for all types of organizations, also, not-for-profit. For a mission driven organization like ours, the integration of sustainable operations and ESG is consistent with pursuing our vision: we want to set ambitious targets, take action and demonstrate tangible progress.

ESG strategy

For us, the focus of our ESG strategy is dual:
  1. Our external focus is all about exploring ESG as a driver for decarbonization and about encouraging more transparency on performance across environmental, social, and governance in the maritime industry.

    This is something we pursue through our projects and with our partners, but for the wider eco-system to use or be inspired by.
  2. Our internal focus is all about walking the talk - doing what we so confidently ask of others to do and about living our values.

    From an environmental perspective reducing our negative impact is a no-brainer, but it is more than that. It’s also about mindset and about supporting our employees, who are driven by a strong sense of purpose, on their journey towards a more sustainable lifestyle. This we pursue with our board, management, and employees as well as our partners.

    We have committed ourselves to measuring progress on a number of topics that are material for us, the industry and for the transition in general.

Ambitions and targets

Climate Change

Our aim is to help set the course for a sustainable transition of the maritime industry, leading by example with sustainable operation.

With a science-based approach and a point of departure in our in-house research and analysis, we consistently assess, inform and guide the transition.

We apply a holistic approach and promote sustainable pathways towards a safe and just sustainable transition. It is not just about ships and technology – it is about people and communities.

Ambition 1: We want to incentivize Center partners as well as the industry in general to set Net Zero ambitions aligned with the Paris Agreement

Targets:

a. In 2022, the center will implement ESG criteria for our partners to ensure commitment to the decarbonization journey as well as a willingness to openly report on progress and actions.

b. By 2025, the Center will have net-zero GHG emissions from its operations (scope I, II and III) [2021 & 2022: 154 tons CO2e]

c. By 2025, 80% of the strategic partners to the center will have a net zero ambition [2022: 54%]

d. By 2025, 50% of the industry will have a net zero commitment [2022: 13%]

Innovation & Research and Diversity & Inclusion

We drive collaboration, applied research and innovation, enabled by a diverse and inclusive center organization

We offer a safe space for collaboration that unites players across the maritime value chain behind a shared mission. ​

We systematically inform and inspire transition pathways through applied research and innovation that removes uncertainties and barriers to maritime decarbonization.

Ambition 2: To amplify impact and bring as many stakeholders as possible on board the decarbonization journey, we will apply an inclusive approach and openly share research and results.

Targets:

a. By 2022 have a strategy in place that enables us to make available all research and knowledge generated at the Center and openly share data [2022: all publications available on the website, increased number of webinars, deliberately working on activating content with the relevant stakeholders]

b. By 2022 build strategic partnerships across maritime- and energy eco-systems.
[2022: majority of the maritime and fuel supply chain covered in partnerships with the aim to close the gap in 2023]

Ambition 3: We want to build an ideal working environment, fit for the research, innovation and change management a systemic transition requires, elevating diversity and health.

Targets:

c. By 2023, we will introduce a homogeneity ratio for gender and nationality. No one group can constitute more than 60% at the Center and across center employees, management and boards. [2022: 19 nationalities: 59% Danish, 41% foreign nationality / 51% men, 49% women, 0% non-binary]

Regulatory framework

We advocate for industry action and regulatory reforms as well as increased transparency and accountability

Based on our deep industry knowledge, research and development activities, we want to support the development of global, regional and national decarbonization strategies and the enabling regulatory framework as well as global standards and uniform accounting methods.

Ambition 4: The Center will work for the implementation of global regulation enabling the maritime industry to decarbonize in line with the Paris Agreement and increase transparency on environmental performance.

The targets below are essentially not within the control of the Center, but they are key indicators of industry progress and will inform the prioritization of resources aspiring to influence global decarbonization strategies.

Key milestones

a. In 2023, the IMO will have increased ambitions and agree to pursue a net zero target for 2050, replacing the current 50% reduction targets and associated targets.

b. In 2023, political and commercial commitment to exploring the feasibility of establishing green corridors across both global north and global south.

Sustainable Development Goals

Through our work for a safe, just and equitable transition of the maritime industry we contribute to a number of the United Nations Sustainable Goals and their specific sub-targets.

Directly linked to the Center strategy:

7 - Affordable and clean energy

7.2. Increase share of renewable energy in global energy mix

7.3. Double the global rate of improvement in energy efficiency

7.a. Enhance cooperation on clean energy research and tech

13 - Climate action

13.2. Integrate climate change measures into strategies and planning [including e.g., IMO GHG emissions targets]

13.3 Improve human capacity on climate change mitigation

Affected:

9 - Industry, innovation, and infrastructure

9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with greater adoption of clean technologies

9.5. Upgrade technological capabilities of industrial sectors

12 - Responsible consumption and production

12.6. Encourage companies to adopt sustainable practices and to integrate sustainability information in their reporting

12.7. Promote sustainable procurement practices

17 - Partnerships for the goals

17.7. Promote diffusion of environmentally sound technologies

17.16. Enhance global partnership for sustainable development, with multi-stakeholder partnerships

Indirectly affected:

10 - Reduced inequalities

10.2. Empower and promote inclusion of all, irrespective of age, sex, disability, ethnicity, origin, religion, or other status

10.3 Ensure equal opportunity & reduce outcome inequalities

14 - Life below water

14.1. Prevent and sign. reduce marine pollution of all kinds

14.3. Minimize and address the impacts of ocean acidification, including through enhanced scientific cooperation at all levels