We want to contribute to a greener world through close partnerships and trusted future proof solutions

 

At Svanehøj, we believe that accelerating climate changes calls for a complete transformation from fossil fuels to clean and renewable energy types.

 

 

A PRODUCT IMPACT ASSESSMENT

The need for decarbonization requires leaving fossil fuels behind for better alternatives.

 

At Svanehøj, we are very proud of our purpose and take great pride in our involvement in the transition to net-zero fuels in the maritime sector. We supply full-scale solutions that accommodate all future fuel types and are tailored to the needs of our customers.

 

Our product impact assessment presents our contribution to decarbonization in the maritime sector through the supply of our fuel pumps to operating vessels in 2022. The calculation is based on vessel type, size, and fuel type as stated in our reference list of delivered fuel pumps, combined with vessel specifications, data, and voyage assumptions from Clarksons Research, the world's largest shipping services provider, and carbon (CO2) emission factors from European Union regulations. As vessels, and Svanehøj’s pump solutions, typically have a lifetime of 20-35 years, the assessment is based on a 25-year lifetime period.

 

Our product impact assessment will be updated on a yearly basis with the latest and most applicable data sets. Currently, we can conduct calculations for only 45% of our 2022 reference list paired with the relevant vessel specification, data, and voyage assumptions. Consequently, we have chosen to extrapolate the result for our complete reference list. The missing data will be available in the future.

 

ENGAGE TO SUSTAIN

Engage to Sustain is our framework for implementing our ESG targets and initiatives, and serves as our roadmap toward 2025.

 

We have divided our ESG ambitions into four focus areas People, Planet, Solutions, and Supply Chain. These areas were identified from our materiality assessment and with inspiration from The Triple Bottom Line sustainability framework of profit, people, and the planet.

OUR ESG TARGETS

  • Zero health & safety incidents from 2023.

     

    We want 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 will 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 best-in-business manufacturing facilities in current and potential new operating areas measured by productivity, diversity, and workplace satisfaction.

     

5 selected SDGs and Why

As part of our work with the SDGs, we have launched an internal education and awareness campaign on the selected SDGs to inspire action and ensure a shared understanding of our sustainability efforts within the organization. This is not just a one-time campaign but will be repeated for existing and new employees.

SDG 7 – Affordable and clean energy

As a designer, manufacturer, and supplier of a wide range of solutions and applications for cargo and energy pumps that can facilitate the transition to green energy in our industry, we want to help minimize climate change and ensure access to affordable, reliable, sustainable, and modern energy for all. Our products and solutions strengthen the green transition to a cleaner and more sustainable energy industry.

SDG 8 – Decent Work and Economic Growth 

At Svanehøj, we want to create a responsible, inclusive, and attractive workplace. We do this by ensuring proper jobs and good conditions for our employees. In doing so, we promote sustained, inclusive, and sustainable economic growth for our business, employees, and shareholders.

SDG 9 – Industry, Innovation, and Infrastructure

As a producer of pumping solutions for fuel and cryogenic energy cargo supply, we are committed to building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation in the industry, in particular, regarding new green technologies.

SDG 12 – Responsible Consumption and Production

As a market leader, we demand of ourselves in our green transition that we ensure sustainable and responsible consumption and production patterns by implementing new supply chain protocols and supplier audits.

SDG 13 – Climate Action 

We want to reduce our negative impact on our surrounding environment and the climate as a whole. Starting from our own operations, we are mapping our entire value chain to support our climate action. Additionally, we are developing and supplying solutions that allow customers to reduce their energy use and related greenhouse gas emissions.

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.