Business

Bunker Holding publishes second ESG report showcasing targets and progress on ESG action points

‘For the past 40 years, Bunker Holding has grown and evolved with the industry. And with ESG, I believe we are once again setting industry leading standards,’ says CEO.

Published

1 year ago

September 21, 2023

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Bunker Holding, the world’s largest supplier of marine fuels, on Wednesday (20 September) published its second ESG report showcasing targets and progress on ESG action points.

The new report pinpoints that industry partnerships, know-how build-up, and strong systems are at the top of the agenda when moving towards a transparent and compliant future industry.

At the forefront of Bunker Holding’s reporting is the long-term target of transitioning towards low- and zero-carbon fuels, which is in alignment with the recently revised 2023 IMO GHG strategy to reach net zero GHG emissions from international shipping by or around 2050.

“The need for a sustainable transition towards a net zero industry plays well into Bunker Holding’s industry position. We continue to invest heavily in acquiring knowledge and specialist expertise and educating our employees on low- and zero-carbon fuels. And just as importantly, we are sharing our learnings with partners and clients to provide a better understanding of the way forward in our industry,” said Keld R. Demant, CEO of Bunker Holding.

“Many of the suppliers of new fuel types, be it methanol, ammonia, LNG, or any other low- or zero-carbon fuel, rarely have extensive knowledge or network within shipping. We aim to connect the dots between producers and clients, and by already making the sustainable infrastructure for alternative fuels available in ports across the world we are doing just that. This pioneer work is one of our core strengths and how we continue to contribute to the green transition.”

Strong systems and policies shape the organisation

This past year, Bunker Holding has been heavily engaged in enabling employee’s safety and well-being based on global policies.

“In late 2022, we updated our global Parental Leave Policy followed by the introduction of a Senior Policy, a Stress Policy, and a Whistleblower Policy in early 2023. I am extremely proud when I see our employees’ reactions to these meaningful and important steps, we have taken towards becoming a more inclusive workplace, implemented on a global scale, nonetheless,” says Mette Østerskov, Head of ESG at Bunker Holding.

Together with social policies, an emphasis on a strong compliance framework to guide Bunker Holding has been important to the Group. Tracking and reporting on cyber security, misconduct, compliance, and delivering on a global responsible tax policy builds on the foundation of a stronger and more agile Bunker Holding.

“For the past 40 years, Bunker Holding has grown and evolved with the industry. And with ESG, I believe we are once again setting industry leading standards. Our global policies on employee care are an industry first, which I am very proud of. Along with our investments in compliance and cyber security systems and our commitment to build know-how and partnerships, we are putting in the dedicated work to create something we can be proud of for years to come,” says Keld R. Demant.

More facts, targets, and deep dives can be found in the full Bunker Holding ESG Report for 2022/23, available on its website.

Photo credit: Bunker Holding
Published: 21 September, 2023

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