ESG is not only about reporting. What matters is that you actto improve. But it is vital to know what actions will have themost effect in the vast number of areas to improve.

In 2022, we conducted a materiality assessment following guidelines from the Norwegian Shipowners Association and analyzed material issues within the maritime industry. We gathered feedback from 122 stakeholders and evaluated their influence on our financial performance. Stakeholder management and ESG governance were of least importanceto them, while health and well-being, employment and wealth generation, and human rights were their top priorities. Emissions reduction was identified as one of our most material topics, aligning with our chosen SDGs and strategy pillars. For more information, see our Annual Report pages 50-57.