Strategic Review

In 2020, we completed a review of the materiality assessment to account for changes to the internal and external context since 2018. There have been changes to our highest materiality issues.  We have added wellness to health and safety, based on the increased focus on wellbeing activities.  We have also included business offering and model innovation to reflect the transition required for our business to grow sustainably. Our new materiality assessment also reflects the alignment of our activities towards the UN SDGs.

Our group strategy was reviewed in 2020, with particular focus on climate risks and opportunities related to the energy transition and the decarbonisation of shipping. In 2021, we will continue to assess climate risk in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and make relevant disclosures to stakeholders. We will also prepare our internal systems for implementation of the EU Taxonomy regulation.