07 | Sustainability agenda
Hafnia believes our sustainability journey starts with decarbonisation. We strive to support and promote industry decarbonisation while still transporting the resources necessary to sustain the modern world.
Hafnia has achieved some significant milestones in our work to reduce overall emissions and improve vessel efficiency through years of investment in emissions reduction measures and by continuously optimising vessel operations. We are in full compliance with the IMO 2020 regulations on sulphur emissions, and we are on track to meet the IMO’s GHG reduction goals of reducing carbon intensity by 40% and total annual GHG emissions by 50% by 2030, with 2008 levels as the baseline.
In 2020, across Hafnia’s owned fleet, our carbon intensity as measured by Annual Efficiency Ratio (“AER”) was 5.70 gms/T NM, 5.6% below the present IMO baseline. We have set a goal to reach IMO 2030’s target by 2028, by reducing our current fleet’s carbon intensity to 4.47 gms/T NM. Standard vessel optimisation efforts will be supplemented with additional initiatives such as intermittent dry dockings and opportunistic fleet renewals to reach our goal.
It is also essential to understand the components that comprise the carbon intensity metrics to better understand what we can do to improve, and how we have improved year-on-year.
In 2020, Hafnia’s owned vessels carried out 13,917,198,441 T NM more transport work than 2019. Despite this they consumed 18,476 MT less fuel, emitted 44,498 MT less CO2, and the Energy Efficiency Operational Index (EEOI) improved by 7.3 % compared to 2019.
One of the pillars supporting our efforts to decarbonise is our fleet renewal program focusing on investments in modern and more eco-friendly vessels.
We are constantly looking to improve our existing vessels through smaller but impactful optimisation measures that improve operational efficiency and reduce environmental footprint.