Euronav acknowledges the magnitude of the climate change challenge and the air pollution as a result of human activity, and the key role that the Company can play by achieving sustainable change. The Company has set a decarbonisation strategy that not only aligns with the emission reduction targets of IMO 2030 (40% reduction in GHG emissions) and IMO 2050 (70% GHG emissions reduction), but even exceeds them. ‘IMO 2030 strategy’ aims at reducing CO2 emissions per transport work, as an average across international shipping, by at least 40% by 2030, with the intent to pursuing efforts towards 70% by 2050, compared to a 2008 baseline.
Euronav has set up a sustainability platform aiming at curbing our environmental impact through:
- Active Fleet Energy Management i.e., the development of a plan and the implementation of measures to reduce emissions and fuel consumption.
- Progressive fleet rejuvenation policy.
- GHG emissions and air pollution monitoring and management.
- Testing new types of alternative fuels starting from biofuel blends.
- Voyage performance management through Sea-to-Shore information sharing.
- Waste management and plastic recycling practices when on passage.