Environment
Environment
Climate and environment in focus
Stena strives to preserve the planet’s resources and minimise the negative climate and environmental impact of the Group’s activities.
Environmental impact in the Stena Group’s various operations differs, but climate impact is a common denominator. The maritime units use fossil fuels, while Stena Property’s emissions arise mainly from heating properties and the selection of materials for renovations and new construction. All of the business units work on their own terms to reduce their carbon footprint. While many initiatives are in progress within Stena, the transition rate needs to increase further, in order to achieve society’s climate goals.
Our ambition
Reducing environmental impacts
- Reduced emissions
- Efficient use of resources
- Enable a circular society
POLICY
Stena’s Code of Conduct and Group Environment Policy form the basis for the Group’s environmental and climate work. In addition, several business units have their own environment policies tailored to their needs and certified according to ISO 50001 and ISO 14001. This means they comply with international standards for energy and environmental management systems.
The Code of Conduct requires all of Stena’s business units to work on reducing their environmental and climate impact. The Code of Conduct also stipulates that Stena must promote the responsible use of resources and apply the precautionary principle to protect the environment. This includes preventing pollution, reducing energy consumption, minimising waste and reducing greenhouse gas emissions. Stena’s activities must always be in line with, or exceed, national or international agreements and regulations regarding emissions to air, land and water.
GOALS AND RESULTS
Each business unit sets long-term and short-term environmental goals based on the impact of the business and risks identified in the materiality analysis. The goals that all business units have in common are to minimise greenhouse gas emissions and improve energy efficiency.
Stena’s maritime business units actively work towards achieving the shipping sector’s net zero emission goal by 2050, through energy efficiency and development of technology. This work already entails a competitive advantage for Stena, through more efficient vessels, for example, and the Group is a major player with the power to influence different segments of the shipping industry in the right direction.
Stena Property has the ambitious goal of reducing its climate footprint by 55 per cent by 2030. Among the measures that have been taken are improvements in energy efficiency, the production of renewable electricity and the selection of circular materials for maintenance, renovation and new construction.
Collaboration within the Group and partnerships with other players are key aspects of the work to minimise Stena’s climate and environmental impact on a responsible and efficient basis.
For an overview of the Group’s key environmental indicators, read more here. The Annual Report includes additional key environmental performance indicators.
Risks
All business units annually analyse and report their risks to Stena AB. Below is a summary of the business unit’s most significant risks in the area of Environment.
Residual product replaces peat
Peat is an excellent base for growing plants. It retains moisture well and gives soil a good structure. The problem is that it is extracted from peat bogs that release greenhouse gases when they are drained. Hence, no new peat quarries will be opened once the current ones have been exhausted. Blomsterlandet therefore has two reasons to find alternatives to peat. Firstly, to reduce greenhouse gas emissions and secondly, because cultivated peat will become scarce.
Blomsterlandet has found an alternative in partnership with Stena Recycling: wood fibre from the paper and pulp industry which, after composting, has properties similar to peat. Wood fibre was first used in completely peat-free soil that works excellently for most garden applications. However, soil with a hint of peat has even more uses, hence Blomsterlandet is now also scaling up a reduced peat soil that can be sold in larger volumes. This will address both the future shortage of peat and reduce greenhouse gas emissions.