Sustainability Report 2021-2022
As USTC’s first ever Sustainability Report, this report underpins our firm commitment to increase transparency around our Group and how we impact the environment, people, and society.
In the report, we unfold our baselines, ambitions, and targets for USTC’s material ESG topics. The report is a supplement to our annual report covering the financial year 2021/2022.
USTC has identified the following four areas within ESG where we see clear synergies and opportunities, and where we will support and facilitate cooperation across the entire Group:
- Corporate Governance
- Climate Impacts
- Diversity, Equality, and Inclusion
In addition to USTC’s own activities, the scope of the information presented covers the four largest operating companies in USTC: Bunker Holding, Uni-Tankers, SDK FREJA, and Unit IT.
Each operating company sets their own internal governance for driving and implementing ESG efforts and initiatives in line with existing business objectives.This includes setting up
appropriate processes and structures for monitoring and driving ESG performance. You will be able to find more detailed disclosures on each operating company within their respective reporting. In the future, we will consider bringing more of our companies into the scope of our sustainability reporting.
Code of Conduct
USTC's Code of Conduct sets forth the guidelines for the company's approach to managing and developing the group in a responsible manner. It describes the CSR requirements as well as the standards applying to personal conduct and business practice in USTC and our subsidiaries.