The report is approved by the Board of Directors and complies with statutory requirements in Norwegian legislation and the requirements related to the Board of Directors’ report are fulfilled in various sections of the report.

The 2023 annual report has been prepared in accordance with the Global Reporting Initiative (GRI), GHG (Greenhouse Gas) Protocol, SASB Maritime standard and the EU Taxonomy. The sustainability statements should be read in combination with the GRI index to get a full overview of our reporting.

To provide our shareholders and other stakeholders with information on our climate-related risks and opportunities, we continue to use the Task Force on Climate-Related Financial Disclosures (TCFD). Höegh Autoliners will prepare its next year’s annual report in accordance with the Corporate Sustainability Reporting Directive (CSRD), and has as part of its preparations conducted current year’s double materiality assessment guided by the European Sustainability Reporting Standards (ESRS). Please refer to the double materiality assessment section for more details.

For the sustainability statements, the following has been applied:

Reporting of scope 1 emissions covers all of vessels under operational control, including owned vessels, time charters and bareboat charters. Reporting of scope 2 emissions covers all land-based offices under operational control. Reporting of waste data covers all vessels owned and/or technically operated by the Group. Health and safety data covers all vessels owned and/or technically operated by the Group, and land-based offices under operational control.

External assurance is carried out by PwC for Scope 1 and Scope 2 emissions. Their statement can be found in the appendix.

Höegh Autoliners is part of several sustainability related initiatives, coalitions, and partnerships, such as the United Nations Global Compact, First Movers Coalition, Maritime Anti-corruption network and Science Based Target initiative. This positions the Group to fulfill its strategy and goals, provide its customers with sustainable solutions and assist the decarbonisation of their supply chains.