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The Sustainability Of Our Business Depends On Sustainable Fleet Operations

As a major product tanker company, TORM recognizes its responsibility to the environment. We are committed to environmental goals that will both reduce the impact of our fleet operations and boost the competitiveness of our business. And we are acting on these goals.

Ambitious climate targets

Further to its commitments to the UN Global Compact and Sustainable Development Goal 13, TORM has targeted the reduction of CO2 emissions by a minimum of 40% by 2030 compared to 2008 and zero CO2 emissions from its operating fleet by 2050.

-40%

CO2 reduction target by 2030

TORM integrates these goals into fleet management and investment strategies, which are in turn implemented through concrete activities designed to minimize pollution of the seas and the atmosphere.

Fuel consumption & energy efficiency

TORM continues to invest in technology and activities that enable our fleet to operate with greater energy efficiency. This makes good sense environmentally and financially.

12.8%

improved fuel efficiency in
2020 compared to 2015

Our One TORM platform provides detailed insight into each vessel’s energy consumption patterns, enabling managers to identify and share best practices that promote fuel efficiency and quickly implement corrective actions when necessary. Along with careful investment in proven technology and proactive renewal of hull coatings, these efforts resulted in fuel efficiency improvements of 12.8% in 2020 compared to the 2015 baseline.

Ballast water treatment systems

Vessels take on and discharge ballast water to stabilize trim and optimize operational efficiency. Because discharged ballast water may introduce non-native species into new marine ecosystems, TORM has installed ballast water treatment systems which eliminate this impact to 65% of its fleet in compliance with the IMO Ballast Water Management Convention. We continue to invest in more systems for more vessels.

ballast water treatment systems

“TORM’s commitment to ambitious climate goals is built into the way we run our business with qualitative and quantitative targets.”

Christopher H. Boehringer Chairman of the Board
christopher h boehringer

Industry cooperation

TORM plays an active role in the shipping industry - also in forums dedicated to reducing emissions through groundbreaking innovation.

ShippingLab: TORM is a founding member of the ShippingLab, a collaborative effort to create Denmark’s first environmentally friendly ship through a new platform for maritime research, development, and innovation.

tormship

The Getting to Zero Coalition: TORM is an active member of the Getting to Zero Coalition, a partnership that includes decision-makers from the shipping and energy industries, IGOs, and governments. The coalition’s goal is as ambitious as it is simple: Develop commercially viable zero-emission vessels powered by zero-emission fuels by 2030.

Download TORM’s latest ESG report

TORM's CSR policies

Green Ship Recycling Policy

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TORM Environmental Protection Policy

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