Denmark:+45 39 17 92 00
Philippines, Manila:+63 2 8988 6500
Philippines, Cebu:+63 32 266 5534
India, Mumbai:+91 (022) 6640 7200
India, New Delhi:+91 (011) 6640 7201
United Kingdom:+44 203 713 4560
USA:+1 (281) 943 2750
Singapore: +65 6534 343
The sustainability of our business depends on sustainable fleet operations.
As a major product tanker company, TORM recognizes its responsibility to the environment. We are committed to environmental goals that will both reduce the impact of our fleet operations and boost the competitiveness of our business. And we are acting on these goals.
Further to our commitments to the UN Global Compact and Sustainable Development Goal 13, TORM is pushing fast forward in our environmental efforts. We will reduce carbon intensity by 40% compared to the IMO baseline by 2025 instead of 2030, and we aim for zero CO2 emissions from our operating fleet by 2050.
TORM integrates these goals into fleet management and investment strategies, which are in turn implemented through concrete activities designed to minimize pollution of the seas and the atmosphere.
TORM continues to invest in technology and activities that enable our fleet to operate with greater energy efficiency. This makes good sense environmentally and financially.
Our One TORM platform provides detailed insight into each vessel’s energy consumption patterns, enabling managers to identify and share best practices that promote fuel efficiency and quickly implement corrective actions when necessary. TORM has achieved a 39.6% reduction in Annual Efficiency Ratio (AER) compared to the IMO baseline (2008).
Vessels take on and discharge ballast water to stabilize trim and optimize operational efficiency. Because discharged ballast water may introduce non-native species into new marine ecosystems, TORM has installed ballast water treatment systems to nearly 100% of its fleet, which eliminates this impact. This is also in compliance with the IMO Ballast Water Management Convention. We continue to invest in more systems for more vessels.
TORM plays an active role in the shipping industry, including in forums dedicated to reducing emissions through groundbreaking innovation.
Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping: TORM is a Mission Ambassador in the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. By working together and sharing knowledge with like-minded companies, we will work towards the decarbonization of the maritime industry.
Getting to Zero Coalition: TORM is an active member of the Getting to Zero Coalition, a partnership that includes decision-makers from the shipping and energy industries, IGOs, and governments. The coalition’s goal is simple and ambitious: Develop commercially viable zero-emission vessels powered by zero-emission fuels by 2030.
ShippingLab: TORM is a founding member of the ShippingLab, a collaborative effort to create Denmark’s first environmentally friendly ship through a new platform for maritime research, development, and innovation.
“TORM’s commitment to ambitious climate goals is built into the way we run our business with qualitative and quantitative targets.”
Chairman of the Board