TRANSITION TO RENEWABLE ENERGY
A key aspect of Stena’s sustainability work is to minimise negative environmental impacts, to always seek to use the planet’s resources wisely and also to contribute new solutions for the sustainable transformation of society.
This work includes minimising emissions to air, land and water, increasing
energy efficiency and the conversion to renewable energy and fuel, and contributing to new technical innovation and circular solutions.
Stena’s shipping operation and Key environmental figures
For many years, Stena has measured and monitored emissions from its vessels. As from 2020, the land-based vehicles owned and operated by shipping operations are included in the emission reporting, in order to obtain a more complete picture of the total emissions.Land-based vehicles accounted for 0.12 per cent of the total CO2 emissions during the year. Since 2019, the vessels chartered in for less than a year have also been included in the reporting.
CLIMATE CHANGE AND USE OF FOSSIL FUELS
Stena’s greatest sustainability challenge and risk is the activities’ reliance on fossil fuels and related carbon emissions. There are legal, market-related and financial risks.
Stena’s shipping operation faces increasing requirements from customers and the financial market for energy efficient transport and transparent reporting of emission data. Stena RoRo views the fleet’s energy use as an increasingly important competitive advantage. Stena Property’s total climate impact depends to some extent on how successful it is in motivating residents to make an active contribution in this work.
Stena handles the risks in this area through conversion to fossil-free alternatives, such as renewable fuel and electrification, and by minimising emissions of greenhouse gases through initiatives to improve and streamline energy use in all business areas.
An increasingly important success factor is sound collaboration with players in the value chain and with society in general.
EMISSIONS TO AIR, LAND AND WATER
Stena’s activities must always fulfil, or preferably exceed, requirements in national or international regulations and agreements concerning emissions to air, land and water. Risks in this area include that applicable new laws and regulations may increase the costs of emissions.
Stena counters risks related to the use of sulphur containing fuel and related emissions, as well as discharges to water from hull paint, primarily by using environmentally friendly hull paint and switching to cleaner fuel. Major sulphur emission reductions were achieved in the global shipping industry in 2020, when the IMO’s decision on stricter sulphur-content in marine fuel requirements entered into force. The statutory requirement is a global reduction of the maximum sulphur content in marine fuel from 3.5 per cent to 0.5 per cent.
Emissions to water such as oil spills are an important issue and a major potential environmental risk for Stena’s shipping activities. The risk of emissions from any of Stena’s vessels is small, but the consequences could be fatal.
In Stena Bulk’s activities there is a risk of collision, with hull damage leading to oil spills, which could have major environmental consequences and a negative impact on Stena Bulk’s credibility. Stena Bulk handles this risk by continuously training its personnel, and a Ship Oil Pollution Emergency Plan (SOPEP), which has been created for the entire tanker industry, is kept updated with regular crew drills on how to handle any oil spills.
WASTE HANDLING AND RECYCLING
Waste handling in Stena’s activities is related to various types of regulation, such as requirements for sorting into different fractions, as well as waste handling for land fills and the occurrence of hazardous waste. There are both legal and financial risks related to inadequate waste management.
Waste handling and sorting at source are at the top of Stena Property’s agenda, since society’s sorting requirements and the related costs in this area are key issues. Encouraging and supporting tenants to sort their waste at source is vitally important. Blomsterlandet also works actively to increase the ratio of recycled materials in all of its stores. For example through staff training, purchase of sorting equipment and by only providing paper bags for customers in stores.
For Stena’s shipping activities, the environmental conditions at yards where vessels are recycled are important. To handle these issues in maritime activities, Stena has a Group Ship Recycling Policy.
Stena handles risk in this area by continuously assessing and reviewing opportunities for better waste handling and recycling in all of its activities. Several business areas hold ISO 14001 environmental management certification whereby e.g. waste handling is managed through clear processes