Tag Archives: CO2

Hurtigruten Receives Best ESG Ranking of a Cruise Company

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Hurtigruten Group has received an industry-leading ESG Risk Rating of 19.7 (Low) following an assessment by Morningstar Sustainalytics, an ESG research, ratings and data firm, according to a statement.

With ratings categorized across five risk levels, Hurtigruten Group is the only cruise company to be awarded a Low ESG Risk Rating and ranks fourth (out of 127 companies) in the “Travel, Lodging and Amusement” subindustry category.

“This rating is a result of our company-wide focus on emissions, nature, community and people,” said Daniel Skjeldam, CEO of Hurtigruten Group. “We have made significant strides over the past year, investing 66 million euros in emissions reduction. Our pioneering Green Bond, issued in 2022, has enabled us to finance ongoing environmental upgrades, including converting our fifth battery hybrid-powered ship. Simultaneously, we strengthened governance with executive compensation linked to ESG targets, a new whistleblower policy and improved supply chain control, emphasizing local procurement.”

In its latest ESG rating report, Morningstar Sustainalytics stated: “The company [Hurtigruten Group] is at low risk of experiencing material financial impacts from ESG factors, due to its medium exposure and strong management of material ESG issues. The company is not publicly held, which reduces its corporate governance risk compared to its peers. Although the company has a moderate level of controversies, its favourable risk assessment is primarily due to its above-average policies and programmes.”

“This rating is a quantitative method to assess our ESG efforts and a valuable tool to scrutinize how we execute on our ESG strategy through programmes and policies across the entire business,” explained Skjeldam. Hurtigruten Group – consisting of Hurtigruten Norway, Hurtigruten Expeditions, and Hurtigruten Svalbard – seeks to change the industry’s approach to sustainability. Hurtigruten Group was the first cruise line to ban heavy fuel oil (2009) and single-use plastics (2018). In 2019, Hurtigruten Expeditions added the world’s first battery hybrid-powered cruise ship and has since added two.

In 2022, Hurtigruten Norway converted its first battery hybrid-powered ship, with one more joining the fleet in 2023 and a third planned for 2024. The conversions are part of a 100-million-euro green upgrade that will reduce CO2 and NOx emissions by 25% and 80%, concurrently. Moreover, this June, Hurtigruten Norway’s first-of-kind Sea Zero initiative revealed early concept plans for the world’s most energy-efficient cruise ship.

“In addition, our Svalbard operations have made considerable progress in reducing their impact, deploying two electric tour boats and eight electric snowmobiles. We are working towards becoming cleaner, greener, and quieter,” added Skjeldam.

Sticking to lockdown washing routines could cut Britain’s long-term carbon footprint

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  • Changes to our daily routines as a result of lockdown could shrink the nation’s carbon footprint by reducing pressure on energy demand at peak times
  • EDF estimates that if a third of households continue to use their dishwasher and washing machines at non-peak times, annual CO2 emissions could reduce by half a million tonnes – equivalent to more than 750,000 cars switching to electric vehicles
  • 8 in 10 Brits keen to see lifestyle changes that have had a positive impact on the planet continue post-lockdown

Changes to our daily household routines could have a long-term positive impact on our carbon footprint – as data from EDF reveals households continuing to take care of chores throughout the day could reduce the need for fossil-fuelled generation at peak times once industries power up again.

Historically, households created additional demand for energy at peak times, typically between 4 and 7pm, as people returned home from work and started to tackle these day-to-day chores at the same time. However, since lockdown began, demand for energy throughout the day has smoothed.

The data, released as part of work by the low carbon electricity supplier to assess the impact of lockdown routines on energy efficiency, estimates that if just over a third of households continue to use their dishwasher and washing machines at non-peak times in the future, as they have been doing during the lockdown, annual CO2 emissions could reduce by half a million tonnes – the equivalent to more than 750,000 cars switching to electric vehicles (EVs)*.

The announcement comes as consumer research** undertaken by EDF reveals 8 in 10 of us are keen to see environmentally-friendly lifestyle changes continue after restrictions are lifted.

The study of 2,000 UK residents found that lockdown restrictions have caused the nation to reassess the impact of their daily habits on the environment, with 40% planning to take steps to reduce their carbon footprint post-lockdown, rising to 51% of those under the age of 34. The most popular steps were:

  • Walking more (67%)
  • Recycling more (52%)
  • Purchasing more locally produced products (47%)
  • Using the car less (46%)
  • Unplugging electronic devices when not in use (37%)

The reduced pollution levels resulting from dramatically fewer vehicles on the road have also sparked an increased interest in EVs, with 1 in 5 (19%) more likely to consider switching to a low emission EV in the future.

78% of people believe we can all do more to reduce our carbon footprint once restrictions are lifted. However, despite the potential impact on CO2 emissions, less than a third (31%) are aware that the time of day they do household chores, such as washing dishes and laundry, impacts their carbon footprint.

There is a strong demand for more advice on living greener, with nearly two thirds (62%) wanting information about how to reduce their carbon footprint.