Potential offtaker

D/S Norden A/S

www.ds-norden.com

Estimated electricity consumption

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Countries of production presence

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D/S NORDEN is a Danish shipping company that specializes in the transportation of dry bulk cargo such as coal, iron ore, and grain. Founded in 1871, the company has a long history of providing reliable and efficient shipping services to customers around the world. With a fleet of over 200 vessels, D/S NORDEN is one of the largest dry bulk shipping companies in the world.

As the global shipping industry faces increasing pressure to reduce its carbon footprint, D/S NORDEN has made a commitment to decarbonisation. The company has set a target of reducing its carbon emissions by 35% by 2030, and has already made significant progress towards this goal. In 2020, D/S NORDEN reduced its CO2 emissions by 33%, compared to its 2010 baseline. The company has also invested in new technologies and alternative fuels to further reduce its carbon footprint.

One of the ways that D/S NORDEN is working towards decarbonisation is through the use of renewable energy. The company has entered into a corporate power purchase agreement (PPA) with a wind farm in Texas, which will provide renewable energy to power its vessels. This PPA will enable D/S NORDEN to reduce its carbon emissions by approximately 10,000 tonnes per year, which is equivalent to taking 2,000 cars off the road.

In addition to its renewable energy initiatives, D/S NORDEN is also focused on corporate energy efficiency. The company has implemented a number of measures to reduce energy consumption on its vessels, such as optimizing voyage planning, reducing vessel speed, and installing energy-efficient lighting and equipment. These measures have not only reduced the company's carbon footprint, but have also resulted in significant cost savings.

D/S NORDEN is committed to being a responsible corporate citizen, and has received recognition for its sustainability efforts. The company has been included in the Dow Jones Sustainability Index for four consecutive years, and has also been recognized by the Carbon Disclosure Project for its climate change transparency and leadership.

As the shipping industry continues to evolve, D/S NORDEN is well positioned to adapt to changing market conditions and customer needs. The company's focus on decarbonisation, renewable energy, and corporate energy efficiency will enable it to remain competitive while also reducing its environmental impact.

✓ Declared Net Zero commitment