Transportens Innovationsnetværk Opbygning og vedligeholdelse af en CSR kultur

Transkript

1 Transportens Innovationsnetværk Opbygning og vedligeholdelse af en CSR kultur 1

2 Introduction to TORM Company facts Strategy and key facts A world leading product tanker company Among leading owners in size 120 years of history Global footprint based on regional power and presence Strategy Superior advantage through modern product tanker fleet, sizeable market share through pool cooperation, excellent quality delivery model and global reach Existing fleet of approx 140 vessels (31/3-2010) ~130 product tankers and 11 bulk carriers Owned: 64 product tankers and 2 bulk carriers Chartered-in: 25 product tankers and 9 bulk carriers Pools/com mngt. 40 product tankers 15 newbuildings 11 product tankers (MR tankers) 4 bulk carriers (Kamsarmax) Listings NASDAQ OMX Copenhagen NASDAQ in New York Market cap Approximately USD 650m Key financials USD m Q Revenue , EBITDA Net income NIBD 1,622 1,683 1,550 1,548 Equity 1,248 1,247 1,279 1,081 Offices app. 300: 170 in Copenhagen 20 in Singapore 20 in Manila 80 in Mumbai 10 in USA (Stamford) Seafarers app. 2,900: 350 Danish seafarers 100 Croatian/Italian seafarers 1,400 Indian seafarers 1,050 Philippine seafarers 2

3 Why TORM works with environment and CSR 3

4 With a global approach TORM can address CSR in all geographies Denmark USA India Philippines Singapore

5 Finding the balance: setting direction for CSR work in HQ, and acknowledging and facilitating local initiatives and approaches 5

6 TORM CSR organisation CEO, CFO, Marine HR, USA, Tech div, Tank, Bulk Steering Committee Working group Reps from India, Philippines, USA, Singapore, HR, Tank, Tech div VP CSR & Com. Senior Com. Man. CSR Specialist CSR Function 6

7 TORM CSR focuses in 2010 TORM performs at or above compliance level for all highly critical CSR aspects, but lack structured and transparent execution and risk mitigation plans Climate/environment CSR clauses in contracts Facility payments Shipyards Seafarers working conditions Review and update Code of Conduct and Ethics Build an internal CSR organization Policy guide for employees CSR reporting plan No blame culture (whistleblower practice)

8 UN Global Compact 10 principper. Virksomheden bør: 1. støtte og respektere beskyttelsen af internationalt erklærede menneskerettigheder 2. sikre, at den ikke medvirker til krænkelser af menneskerettighederne 3. opretholde foreningsfriheden og effektivt anerkende retten til kollektiv forhandling 4. støtte udryddelsen af alle former for tvangsarbejde; 5. støtte effektiv afskaffelse af børnearbejde 6. afskaffe diskrimination i relation til arbejds- og ansættelsesforhold. 7. støtte en forsigtighedstilgang til miljømæssige udfordringer 8. tage initiativ til at fremme større miljømæssig ansvarlighed 9. opfordre til udvikling og spredning af miljøvenlige teknologier 10. modarbejde alle former for korruption, herunder afpresning og bestikkelse

9 Corporate Social Responsibility Financial summary Tanker market Dry bulk market Finance CSR Focus on environment has never been bigger and shipping has a key role..therefore TORM has decided on an ambitious CSR strategy with green focus Increasing political focus on environmental regulation globally and regionally TORM as part of the Shipowners Association is pushing for regulation in the International Maritime Organisation, which works to set standards for the sector Shipping accounts for 80-90% of all transportation of goods Global shipping accounts for around 3% of global CO2 emissions Shipping is the most energy-efficient form of transportation compared to plane, train or truck TORM signed the UN Global Compact in 2009 as the first Danish ship owner TORM s climate strategy: Reduction of CO2 air emissions per vessel by 20% in 2020 compared to 2008 Reduction of CO2 air emissions at the office locations by 25% per employee in 2020 compared to 2008 TORM participates in project Virtual Arrival (OCIMF and Intertanko) TORM founding member of the World Ocean Council, an organisation that works for sustainable use of the ocean across sectors TORM regards high environmental standards as a business opportunity and an integral part of risk management (e.g. controlling number of incidents and being ahead of legislation) TORM will publish its first CSR report in 2010 TORM participates in the Carbon Disclosure Project (CDP), and was top 20 in the Nordic Leadership Index In 2009, TORM received BP s Shipping Award for outstanding environmental achievement Customers are increasingly demanding responsibility, environmental protection and safety CSR commitment will therefore be one of the drivers for future cost-reduction efforts and earnings potential 9 9

10 Rikke Kolbech Andersen CSR Specialist 10