Environment

Environment

CONTINUOUSLY SEEKING TO REDUCE CLIMATE IMPACTS

Stena works to ensure the sustainable and ecologically sound use of resources. This entails respect for the precautionary principle, with the aim of protecting the environment, preventing pollution, increasing the efficiency of energy use and minimising waste and greenhouse gas emissions.

 

The issues identified as most important for Stena:

  • Emissions to air of carbon dioxide (CO2),sulphur oxide (SOX) and nitrogen oxide (NOX)
  • Energy use and energy efficiency
  • Waste management
  • Emissions to water
  • Sustainable consumption and production – requirements of suppliers and nudging towards more environmental friendly choices, primarily for commercially active business units
  • Recycling philosophy – circular flows whereby resources return to the basic production material

 

 

 

 

RISK MANAGEMENT

The primary risk in the environmental area, aggregated at Group level, concerns Stena’s carbon dioxide emissions. Carbon dioxide emissions contribute to climate change and regulation of this area may significantly increase the costs of emissions. There are also financial risks related to carbon dioxide emissions. Stena manages this risk with continuous efficiency improvement measures, including an energy efficiency programme that has run since 2005 within Stena Line, in which more than 320 different projects to reduce fuel consumption have taken place. Stena works to reduce the use of fossil fuels and is investigating possible future new fossil-free fuels. The conversions of Stena Germanica to methanol operation and Stena Jutlandica to battery operation are examples of this and part of the vision to achieve climate-neutral transport.

 

Another identified risk is inadequate waste management, primarily for land-based operations. Waste management is linked to a number of restrictions, such as waste sorting requirements. Stena manages this risk by evaluating and enabling better alternatives to existing waste management.

 

Oil spills are a major potential environmental risk for Stena’s shipping operations. The risk of spills from any of the vessels is minimal, but the consequences if this should occur would be disastrous. Employees are trained continuously in order to avoid any oil spills. The Ship Oil Pollution Emergency Plan (SOPEP), jointly developed for the entire tanker industry, is always kept up to date

GOVERNANCE

A continuous effort to reduce climate impacts is found in all of Stena’s activities, with the greatest focus on the energy and transport area. This also concerns meeting or exceeding the requirements in national or international regulations and agreements for the reduction of emissions to air, land and water. Each company is responsible for setting its own environmental goals that are aligned with where the company has its primary environmental impacts. In addition, direct carbon dioxide emissions must also be reported to the Group by all business areas. Safe, sustainable and environmentally sound operations are a cornerstone of Stena’s brand. All employees have management’s full support to break any chain of events that might lead to an accident or environmental damage.