Annual Report 2007 Dampskibsselskabet "NORDEN" A/S
Management´s review
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Global solutions to global challenges

”Climate management and CO2 emissions are global problems requiring a global solution. The Kyoto protocol places regulation of the shipping business in the hands of the UN’s international shipping organisation, the IMO. The IMO is working on determining a measure of how energy-efficiently a vessel transports its cargo. This work is to form the basis for the regulation of CO2 emissions by the shipping industry. NORDEN supports the IMO’s work and considers it important to find international solutions to this global problem, as such solutions provide the best environmental improvements and ensure equal competition for all shipping companies around the world”.

Corporate Social Responsibility

  • Environmental focus on propulsion resistance and optimising fuel consumption
  • Focus on safety and working conditions
  • NORDEN’s CSR work is structured in accordance with the United Nations Global Compact
NORDEN has introduced a more systematic approach to environmental and social sustainability in order to take greater responsibility for safety at sea, occupational health, external environment, employee conditions and opportunities and other Corporate Social Responsibility (CSR) issues.
 
Previously, NORDEN addressed individual issues on the CSR agenda based on the Company’s values. An example of this is our longstanding work on occupational health and safety at sea, involving regular information, systematic examination of near misses and an extensive set of KPIs for officers in order to eliminate industrial injuries onboard the Company’s vessels and help minimise the vessels’ impact on the external environment through groundings, collisions, spills or the like.
 
In addition to this, NORDEN has supported various benevolent initiatives directly and through foundation grants, e.g. the financing of a PhD stipend with the Copenhagen Business School focusing on environmental challenges facing shipping; the financing of equipment for a hospital in the Philippines, contributions to activities in local Philippine communities, sponsorships of the Experimentarium, the Singapore Centre for Maritime Studies and the Shanghai Maritime University as well as paid trips for Chinese students and professors to study in Denmark.
 
In addition to these activities, NORDEN has discussed how to address CSR going forward and in particular the Company’s position in relation to climate change.
 
In this process, the Company was inspired by the United Nations Global Compact’s 10 recognised principles on environment, human rights, labour standards and anti-corruption; the work of the International Labor Organisation (ILO) and others in relation to the Maritime Labour Convention and the longstanding efforts of the International Maritime Organisation (IMO).
 
Against this background, NORDEN has defined a set of views and selected some specific focus areas. In 2008, NORDEN will ensure that adequate management systems are established to handle compliance with these policies and reporting systems, allowing the Company to focus on continual improvements.
 

It is NORDEN’s ambition to reduce CO2 emissions from owned vessels by 2% in 2008. The best way of reducing CO2 is by using less fuel. The Company has launched a number of initiatives to improve the environment by minimising propulsion resistance and optimising fuel efficiency. Most parts of the Company’s 14-point plan were initiated in 2007, and the rest will be so in 2008.

  1. Latest design of slide valves. Reduces CO2, NOx and SOx emissions.
  2. CASPER system. Optimises fuel consumption.
  3. FLAME system. Optimises combustion efficiency.
  4. Advanced P/V tank valves. Reduces fumes from tanker cargoes.
  5. ExxonMobil Scrapedown analysis system. Optimises combustion efficiency.
  6. Alpha Lubrication system. Minimises the consumption of lubricating oil.
  7. Torque measuring system. Optimises the engine.
  8. Waste monitoring and reporting system.
  9. Full blasting of underwater hulls.
  10. Propeller polishing.
  11. Increased frequency of overhauls of the vessels’ turbo chargers.
  12. Increased frequency of overhauls of the vessels’ scavenger air coolers.
  13. Increased frequency of overhauls of the vessels’ fuel oil pumps and injectors.
  14. Funding of environmental research and development programmes.
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