Environmental

Eimskip respects its environment and seeks to limit its impact on the ecosystem and reduce its environmental footprint. 

Quarterly environmental statements

Carbon Calculator

Eimskip has developed a carbon calculator for both sea and land transport as an environmental service to its customers. 

Carbon calculator

Environmental policy and aims

In 1991, Eimskip became one of the first companies in Iceland to establish an environmental policy. Since then, challenges in this field have developed rapidly and the transportation industry, as well as others, realizes how important environmental issues are for the world today.  Much has been accomplished since 1991, and Eimskip continues to take further steps towards improving its environmental performance and aligning to global and international initiatives.

Eimskip has the following environmental aims:

  • Identify and control potential environmental risks posed by the Company’s operations

  • Manage the Company’s operations according to applicable laws, regulations, and international conventions

  • Recycle and minimize waste

  • Improve energy efficiency of the Company’s vessels

  • Improve energy efficiency of the Company’s fleet of trucks and other equipment

  • Work on savings and improving efficiency in energy consumption on the Company’s premises

  • Set yearly goals on environmental issues

  • Provide employees and customers with regular training on environmental issues

More about Eimskips environmental goals

Key figures environment*

Key performance indicators Unit 2018 2019 2020 2021 2022
Scope 1 emissions of vessels and trucks in Iceland per unit of transported cargo kgCO₂e/tonne 111,9 111,6 105,9 104,1 96,4
  development of scope 1 emissions of vehicles and trucks in Iceland per unit of transported cargo % 88,8% 88,6% 84,1% 82,7% 76,5%
             
Greenhouse Gas Emissions Unit 2018 2019 2020 2021 2022
Scope 1 tCO₂e 253.179 262.984 278.095 296.685 301.251
Scope 2 (location-based) tCO₂e 264 260 351 701 1.567
Scope 1 and 2 tCO₂e 253.443 263.244 278.446 297.386 302.818
Scope 3 tCO₂e 503 414 316 160 379
Total operational GhG emissions tCO₂e 253.946 263.659 278.762 297.546 303.197
Nasdaq: E1|UNGC: P7|GRI: 305-1,305-2,305-3|SASB: General Issue / GHG Emissions|TCFD: Metrics & Targets
             
GhG emission intensity Unit 2018 2019 2020 2021 2022
GhG emissions per megawatt-hour consumed kgCO₂e/MWh 262 262 256 251 252
GhG emissions per full-time equivalent (FTEe) employee kgCO₂e/FTEs 283.422 297.248 348.453 280.176 195.611
GhG emissions per unit of revenue kgCO₂e/EUR m 611.918 633.338 727.838 534.864 291.498
Nasdaq: E2|UNGC: P7, P8|GRI: 305-4 |SDG: 13|SASB: General Issue / GHG Emissions, Energy Management
             
Energy intensity Unit 2018 2019 2020 2021 2022
Energy per full-time equivalent (FTEe) employee kWh/FTEs 1.083.672 1.135.033 1.363.490 1.116.167 775.770
Energy per unit of revenue kWh/EUR m 2.339.686 2.418.387 2.848.022 2.130.798 1.156.047
Nasdaq: E4|UNGC: P7, P8|GRI: 302-3|SDG: 12|SASB: General Issue / Energy Management
             
Waste intensity Unit 2018 2019 2020 2021 2022
Total waste per full-time equivalent (FTEe) employee kg/FTEs 1.238 1.373 1.498 1.336 822
Total waste per unit of revenue kg/EUR m 2.673 2.926 3.129 2.550 1.225
             
Carbon offset Unit 2018 2019 2020 2021 2022
Total emissions offset tCO₂e 0 6,9 4,5 843 400
Emissions offset by afforestation tCO₂e 0 6,9 4,5 843 400
             
Energy consumption Unit 2018 2019 2020 2021 2022
Total energy consumption kWh 970.969.707 1.006.774.429 1.090.792.242 1.185.369.073 1.202.444.088
  Fossil fuels kWh 941.852.808 979.195.318 1.061.977.271 1.151.828.919 1.156.953.590
  Bio fuels kWh - - 15.572 119.732 97.443
  Electricity kWh 16.725.800 16.678.204 16.986.259 18.654.610 24.451.329
  Heating kWh 12.391.100 10.900.907 11.813.140 14.765.812 20.941.725
Direct energy consumption kWh 941.852.808 979.195.318 1.061.992.843 1.151.948.651 1.157.051.033
Indirect energy consumption kWh 29.116.900 27.579.111 28.799.399 33.420.422 45.393.054
Nasdaq: E3|UNGC: P7, P8|GRI: 302-1, 302-2|SDG: 12|SASB: General Issue / Energy Management
             
Energy mix Unit 2018 2019 2020 2021 2022
Total energy consumption kWh 970.969.707 1.006.774.429 1.090.792.242 1.185.369.073 1.202.444.088
Fossil fuel % 97% 97,3% 97,4% 97,2% 96,4%
Renewables % 3% 2,7% 2,6% 2,6% 3,6%
Nuclear % 0% 0% 0% 0% 0%
Nasdaq: E5|GRI: 302-1|SDG: 7|SASB: General Issue / Energy Management
             
Fuel consumption Unit 2018 2019 2020 2021 2022
Total fuel consumption kg 78.810.569 81.987.130 86.501.474 91.637.339 93.042.985
  Petrol kg 32.503 32.481 23.354 31.841 51.770
  Natural gas kg - - - - 2.167,8
  Diesel kg 3.701.350 3.587.557 3.206.992 3.913.493 3.951.123
             
Water consumption Unit 2018 2019 2020 2021 2022
Total water consumption m³ 260.536 252.292 234.662 301.701 397.788
  Cold water m³ 46.907 64.360 31.002 47.245 39.344
  Hot water m³ 213.629 187.932 203.660 254.455 358.444
Nasdaq: E6|GRI: 303-5|SDG: 6|SASB: General Issue / Water & Wastewater Management
             
Waste treatment Unit 2018 2019 2020 2021 2022
Total waste generation kg 1.109.356 1.217.918 1.198.288 1.418.753 1.274.440
  Sorted waste kg 673.377 886.821 876.658 1.156.552 990.061
  Unsorted waste kg 400.789 331.097 321.630 262.201 284.379
  Recycled waste kg 590.312 706.869 713.062 1.052.826 924.432
  Disposed waste kg 519.044 511.049 485.226 365.927 350.008
             
Business travel Unit 2018 2019 2020 2021 2022
Total distance traveled km 1.136.758 2.351.323 1.027.127 722.172 3.735.169
  Air travel km 1.136.758 2.351.323 1.027.127 722.172 3.735.169
             
Paper management Unit 2018 2019 2020 2021 2022
Total weight of printed papers kg 14.077 11.567 7.347 5.672 5.447
Total amount of printed paper pages 2.479.098 1.915.851 1.248.404 1.003.384 868.115
  of which color print pages 342.113 402.327 223.986 133.397 223.611
  of which black/white print pages 2.136.985 1.513.524 1.024.418 869.987 644.504
             
Environmental management Unit 2018 2019 2020 2021 2022
Does your company follow a formal Environmental Policy? yes/no Yes Yes Yes Yes Yes
Does your company follow specific waste, water, energy, and/or recycling policies? yes/no - - - Yes Yes
Does your company use a recognized energy management system? yes/no Yes Yes Yes Yes Yes
Nasdaq: E7|GRI: 103-2|SASB: General Issue / Waste & Hazardous Materials Management
             
Climate oversight Unit 2018 2019 2020 2021 2022
Does your Senior Management Team oversee and/or manage climate-related risks? yes/no - - - Yes Yes
Does your Board of Directors oversee and/or manage climate-related risk? yes/no - - - - Yes
Nasdaq: E8, E9|GRI: 102-19, 102-20, 102-29, 102-30, 102-31|SASB: General Issue / Business Model Resilience, Systematic Risk Management|TCFD: Governance (Disclosure A/B)
             
Climate risk mitigation Unit 2018 2019 2020 2021 2022
Total annual investment in climate-related infrastructure, resilience, and product development EUR m - - - - 2,5
Nasdaq: E10|UNGC: P9|SASB: General Issue / Physical Impacts of Climate Change, Business Model Resilience|TCFD: Strategy (Disclosure A)

 

* Please read the Eimskip ESG statement to have an overview of all premises and an explanation for key figures - The link can be found here.