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.