Commended for climate change disclosure
CLIMATE: Torm has been commended by the Carbon Disclosure Project, which represents 475 institutional investors with UDS 55 trillion in assets under management, for its approach to climate change disclosure.
"Naturally we are very happy as well as proud to receive this recognition and be included in the Carbon Disclosure Leadership Index. It proves to us once again that we are on the right track with our approach to environment management and reporting. As one of the major shipowners in Denmark, Torm has an obligation to be a role model within this area. That is why we have set an ambitious target of 20% CO2 emission reduction pr. vessel in 2020", says Mikael Skov, CEO Torm.
Torm is featured in CDP's Carbon Disclosure Leadership Index as one of five Danish companies which have displayed the most professional approach to climate change disclosure practices.
The Leadership Index provides an evaluation tool for institutional investors and it comprises the top scoring 10% of companies. The Leadership Index is based on analysis of the responses to CDP's 2009 questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
Source: Torm