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In 2022, we introduced “Engage to Sustain” as our strategic framework for implementing Environmental, Social, and Governance targets and initiatives, serving as our roadmap for the 2022-2025 period.

 

Our ESG framework is based on a double materiality assessment, aligned with five selected UN Sustainable Development Goals (SDGs), and inspired by the Triple Bottom Line. It is structured around eight targets across four focus areas: “People”, “Planet”, “Solutions”, and “Supply Chain”.

 

The year 2025 marks the conclusion of our current ESG strategy period. This report reflects on our progress and performance against the targets set for 2025. Building on these insights, we will revise our strategic framework and define new ESG targets for 2030. The new targets will be released in 2026.

OUR ESG TARGETS

  • Zero health & safety incidents from 2023.

     

    We aim to attract and retain our talent base by establishing Svanehøj Academy Entry and Svanehøj Excellence programs by 2024. With the first enrollments in 2025.

     

  • 50% reduction in Scope 1 & 2 GHG emissions per mDKK in 2025 relative to our baseline year in 2021. Read our report on Scope 1 & 2 here. 

     

    We establish a Scope 3 GHG emission baseline year by 2023 and ensure that 25% of all strategic suppliers are calculating their Scope 1 & 2 GHG emissions in accordance with the GHG Protocol by 2025.

     

  • >95% of R&D investments support our mindset of Powering a Better Future consecutively up to 2025.

     

    Establish take-back program of used pumps for the intent of reuse, recycle or responsible end-of-life treatment by 2024 for all products.

     

  • Establish a Svanehøj supplier program by 2024 and ensure that all new suppliers, and 15% of existing strategic suppliers, are compliant with the program from 2025.

     

    Ensure and establish bestin- business manufacturing facilities in current and potential new operating areas measured by productivity, diversity, and workplace satisfaction.

     

Looking Ahead: ESG Strategy to 2030

In a changing energy landscape, Svanehoj’s direction remains clear: to develop the technologies, operations, and organization needed to support responsible growth and cleaner marine fuels.

 

As we conclude our 2022–2025 ESG strategy period, we also mark a transition in how sustainability is approached across Svanehoj. Since we defined our first ESG targets, the world around us has changed. Political attention to climate and sustainability has shifted, while energy security, supply stability, and the need for reliable infrastructure have become increasingly important.  For Svanehoj, this does not change our direction; it strengt-hens it. Our solutions remain highly relevant to both the transition towards cleaner marine fuels and the growing need for secure energy infrastructure. We continue to invest in the products and technologies needed to support the maritime industry’s transition towards cleaner fuels. 

 

During the ESG strategy period, our sustainability work has become more closely integrated into how we operate, from product development and safety culture to production planning, supplier collaboration, and the way we build our global organization. This development reflects a more mature, impact-driven approach. 

Rather than working with ESG as a separate initiative, we focus on the areas where we can create tangible value: developing solutions for future fuel infrastructure, making better use of our global manufacturing footprint, reducing unnecessary movement across the value chain, and ensuring that Svanehoj remains a safe and engaging place to work. As we look towards the next phase, our focus is not on changing direction but on continuing to strengthen the foundation already established. This means building on what works, scaling our efforts across a growing organization, and ensuring that sustainability remains part of the decisions we make every day. Our ambition remains rooted in the same mindset: to develop our business responsibly and support our customers in a changing energy landscape. The ESG targets for 2026-2030 will be released in 2026.

Want to read the full ESG report?

If you want to learn more about how we work with our ESG targets, please find our full ESG report here.

Download ESG report