CO2 Performance Ladder
Certified CO2 Aware
As of August 2024, we are certified at tier III on the CO2 Performance Ladder. The Ladder is an instrument that helps organisations reduce their carbon emissions. In order to certify, we first gained insight into our company’s energy consumption and carbon footprint. We then set ambitious yet realistic goals for CO2 reduction and committed to publishing progress reports to ensure transparency. Furthermore, by participating in at least two initiatives annually, we aim to foster continuous collaborations towards mutual sustainability goals.
Below, we share our bi-annual updates to further ensure transparency. Our latest annual reports and certificated are available for download through the links provided. For our registration details, please visit our SKAO-page.
Annual CO2 Progression
We began reporting our emissions in 2022, which now serves as our index year. At that time, the adoption of ChangeXL had already delivered a 9% CO₂ reduction, laying the groundwork for more ambitious targets.
In 2024, we achieved our first significant milestone: a 19% CO₂ reduction, driven by the fleet-wide implementation of HVO30. Building on this momentum, we will transition to HVO40 as of 1 January 2025, which is expected to reduce CO₂ emissions by up to 26%. This brings us closer to our long-term ambition of a 90% reduction in emissions by 2032.
Bi-annual Highlights
Tracking the impact of our measures is essential to evaluating their effectiveness. Below is an overview of our CO2 emission reduction results compared to our targets. We provide a brief recap of our goals, followed by the realised reduction. For a more in depth analysis, please refer to our annual reports, available for download below.
The results of the first half of 2025 are expected to be published here in Q3 of 2025.
By the end of 2024, the fleet-wide implementation of HVO30 resulted in achieving our revised target of a 19% CO2 reduction compared to 2022. This target was adjusted down from the original 28% after recognising that the baseline year (2022) already included the use of a ChangeXL blend, which had reduced emissions by 9% compared to pure MGO. The original comparison was therefore overstated.
Given that 99% of our total emissions fall under Scope 1, this 19% reduction applies nearly in full to our overall emissions footprint.
We have also made progress in Scope 2 emissions, achieving a 35% reduction through the installation of LED lighting in the office and optimisation of the air conditioning system.
Scope 3 emissions have decreased by 8% compared to 2022, primarily due to fewer declared kilometres. However, as explained in our annual report, we no longer compare flight-related emissions with 2022 due to insufficient records for that year. This ensures we avoid drawing inaccurate conclusions about an apparent increase in 2024. From this year onwards, 2024 flight emissions will serve as the new baseline for future reporting.
Our goal was to implement HVO30 fleet-wide by January 2024 and achieve a 28% reduction in scope 1 and 2 CO2 emissions. Unfortunately, HVO-fuel is not always available in some ports. To compensate, we began occasionally bunkering HVO100, striving to achieve the equivalent of CO2 reduction from HVO30.
In total, we used 2 million liters of HVO fuel and 1.26 million liters of Marine Gasoil, amounting to approximately 3.3 million liters of fuel. These fuels emitted 5.1 tons and 4.4 tons of CO2, respectively. Despite a 7% increase in CO2 emissions in mid-2023, we managed a 12.5% reduction so far.
CO2 emissions from company cars have decreased by 32% since 2022. Energy consumption at the office and emissions from business travel have remained relatively stable. Flight emissions have been more accurately tracked from 2024 setting this year’s emissions as the new baseline, ensuring a more comprehensive and transparent reporting process.
Downloadable Links
Click the downloadable PDF’s below for our CO2 Awareness Certificate or annual report.
| Type of Activity | Date / Time | Location | Accessibilty |
|---|---|---|---|
| Sounding Board Maritime and Ports Den Helder | Ongoing | Den Helder, Netherlands | Limited/Private |
| CO2-reduction Campaign with FincoEnergies | Ongoing | Den Helder, Netherlands | Limited/Private |
| Offshore Energy Exhibition & Conference | 25 & 26 November 2025 | RAI Amsterdam, Netherlands | Public - Costs may apply |
| CO2 Performance Ladder 4.0 Event | 21 January 2025 | Tivoli Utrecht, Netherlands | Public - Free |
| Offshore Energy Exhibition & Conference | 26 & 27 November 2024 | RAI Amsterdam, Netherlands | Public - Costs may apply |
| WindEurope Annual Event | 20 - 22 March 2024 | Bilbao, Spain | Public - Costs may apply |
