Sustainable growth report 2022
Sustainable growth report 2022
This is our fourth Sustainable Growth Report. The landscape for reporting on sustainability is changing fast. This chapter describes how to read this report, reflecting on how we started, what regulatory requirements shape the structure of this report, what steps we made and what is still due in coming years.
With our initial report, we started by referring to the 17 United Nations’ Sustainable Development Goals (SDGs) as guidance to understand the sustainability impact of Anthony Veder. This remains unchanged.
Throughout the report, visuals are inserted as a reference to one of the SDGs.
Read more on the SDGs by scanning the QR code.
The structure of this report is
based on the Environment, Social,
Governance (ESG) standards.
This is reflected in the following chapters:
- Care for the Environment
- Care for People
- Care by Governance
New EU reporting standard
This renewed structure allows for a step-by-step implementation of the new EU Corporate Sustainability Reporting Directive (CSRD), which entered into force on 5 January 2023, and compliance with the European Sustainability Reporting Standards in coming years (ESRS). The ESRS is still under development by EFRAG.
Concretely this means that our Sustainable Growth Report and financial annual report will be fully merged by 2025 (when reporting over the year 2024), which is one year prior to the mandatory requirement from the CSRD.
ESG Roadmap
Towards being fully compliant, new in this report are the various roadmaps with clear targets towards 2035, indicators, process description and stakeholders.
This gives purpose to all the initiatives being taken or that are planned and makes our journey more transparent.
Reporting LCA-based emissions
The procedure for reporting on absolute emissions and conversions to CO2 has been amended. We use the approach of ‘Control by contract’ and we have used industry standards for conversion factors, see also the ‘Definition’ page in the appendices. Therefore, a like-for-like comparison of emissions with previous years is not possible. Going forward, emissions for the year 2022 will be used as the benchmark.
Also, we have introduced life cycle analysis for fuels, to prepare for the positive impact of reducing emissions due to the development and availability of sustainable
marine fuels and on-board technologies (methane slip abatement and carbon capture storage). This fits our vision toward a net zero situation upon which we strategize our fleet modification and newbuilding program.
We report both on tank-to-wake and well-to-wake emissions for fuels; it is our ambition to include the same analogy for the emissions of our suppliers in future reporting.
Materiality matrix
Future work to be done is on the ESG double materiality matrix. Whereas single materiality reports on how sustainable factors affect our business and revenues and double materiality considers that and how it affects the world at large, particularly regarding climate change and other environmental impacts.