Quarterly environmental statements

ENVIRONMENTAL STATEMENT - Q3 2022

Eimskip has published its environmental report for the third quarter 2022. The report provides valuable information about the Company´s environmental status to the market. It also provides the company with vital information regarding improvement within the operation.

Eimskip continues to expand ESG reporting and receive information from global offices. This quarter data from Greenland and Sweden were added. The environmental report includes data from the vessels and operations in Iceland, the Faroe Islands, Poland, Spain, Great Britain, Norway, Italy, the Netherlands, Greenland, and Sweden.

Scope 1 emissions increased by 4% in the third quarter of 2022 compared to last year's period. The increase in transported cargo can explain the fluctuations between quarters. The Company continues to focus on actions that reduce its carbon footprint in scope 1.

Scope 2 emissions have increased compared to Q3 2021. The reason for the increase is the effect due to our global operations, which are now included in the measurements. Until now, scope 2 has been very low due to the low CO2 emission factor in Iceland, where the energy is green. The impact for the whole footprint is not so high since scope 2 accounts for 1% of the Company's total CO2 emissions.

The emission from scope 3 decreased between the third quarter of 2022 and 2021. The main reason is that one waste category has been wrongly defined and less flight than in the same quarter as last year. The category, of waste oil from ships counts for 45% of the total waste and is recycled. After the category was corrected, the recycled waste was up to 72% of the total waste.

Eimskip continues to work on diverse environmental projects to reduce the impact on the environment and to take steps to reduce CO2 emissions in the operation. Landsvirkjun and Eimskip signed a Letter of Intent concerning Eimskip’s energy transition for its shipping- and ground transport fleet. The companies will jointly analyze market conditions and technology development regarding the use of hydrogen or e-fuel instead of fossil fuels in transportation, resulting in significantly reduced greenhouse gas emissions. The importance of strong infrastructure plays a major role in energy change so this is a very important step. Last quarter Eimskip decided to invest in two electric Volvo trucks. The Company has previously invested in trucks powered by green energy, including methane and electric vehicles that are powered with green energy.

Environmental statement by quarter

Greenhouse Gas Emissions Unit Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Scope 1 tCO₂e 69.434 82.945 76.395 76.102 72.270
Scope 2 (location-based) tCO₂e 76 78 334 345 365
Scope 1 and 2 tCO₂e 69.510 83.023 76.729 76.446 72.634
Scope 3 tCO₂e 38 62 61 137 34
Total operational GhG emissions tCO₂e 69.547 83.085 76.790 76.583 72.668
Nasdaq: E1|UNGC: P7|GRI: 305-1,305-2,305-3|SASB: General Issue / GHG Emissions|TCFD: Metrics & Targets
             
Energy mix Unit Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Total energy consumption kWh 273.153.841 322.745.919 301.061.601 299.893.478 286.790.799
Fossil fuel % 97,5% 97,8% 97,3% 97,3% 97,1%
Renewables % 2,5% 2,2% 2,6% 2,3% 2,5%
Nuclear % 0% 0% 0% 0% 0%
Nasdaq: E5|GRI: 302-1|SDG: 7|SASB: General Issue / Energy Management
             
Water consumption Unit Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Total water consumption 51.619 49.808 45.057 45.529 46.002
  Cold water 9.633 6.413 298 281 257
  Hot water 41.986 43.395 44.759 45.247 45.745
Nasdaq: E6|GRI: 303-5|SDG: 6|SASB: General Issue / Water & Wastewater Management
             
Waste treatment Unit Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Total waste generation kg 340.425 404.471 231.695 360.507 288.958
  Sorted waste kg 279.646 329.925 176.711 283.706 215.407
  Unsorted waste kg 60.779 74.546 54.984 76.801 73.551
  Recycled waste kg 120.686 139.709 171.066 278.539 207.973
  Disposed waste kg 219.739 264.762 60.629 81.968 80.985
             
Business travel Unit Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Total distance travelled km 141.516 471.518 549.856 1.399.404 196.386
  Air travel km 141.516 471.518 549.856 1.399.404 196.860
             
Paper management Unit Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
Total weight of printed papers kg 1.740 1.284 460 2.065 1.103
Total amount of printed paper pages 299.073 230.385 66.381 329.294 195.252
  of which color print pages 49.601 27.027 25.875 84.550 25.761
  of which black/white print pages 249.472 203.358 40.506 244.744 169.491