Better Health for All

Hafnia Limited's core business of transporting refined petroleum products and chemicals has significant negative health impacts, evidenced by a July 2024 collision involving the Hafnia Nile carrying naphtha, which resulted in one death and several injuries.

This incident also contributes to a notable safety record, with investigations revealing silenced/deactivated radar alarms and crew fatigue, leading to charges filed by Singapore's Maritime and Port Authority. The company's operations have also caused significant health-harming externalities, including a massive fire from the collision and a 9,500-liter bunker oil spill, with the company stating it is addressing potential environmental impacts and complying with pollution regulations. Regarding internal employee well-being, Hafnia has comprehensive mental health programs, including making mental well-being a priority, a dedicated "Our Whole Self" program, 24/7 counselling services, a Wellness and Mental Health Month, webinars, and awareness campaigns. For other health-related KPIs such as price accessibility, vulnerable reach, health innovation investment, health equity programs, healthcare workforce support, healthcare data responsibility, global health crisis response, pharmaceutical patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, and clinical trial ethics, the company's business model does not involve relevant products, services, or activities, resulting in a neutral score. No specific data was available for harmful revenue share, risk transparency, or preventative health measures.

Fair Money & Economic Opportunity

Hafnia Limited is a global tanker company whose core business is the transportation of refined petroleum products, chemicals, and vegetable oils.

The company does not offer lending, deposit, or insurance services to consumers, nor does it operate as a financial institution. Consequently, all Key Performance Indicators (KPIs) under the 'Fair Money & Economic Opportunity' value, which are specifically designed to assess financial institutions and their impact on consumer financial inclusion and wealth building, are not applicable to Hafnia Limited's operations. The provided articles detail the company's financial performance, internal diversity and inclusion initiatives for its workforce, and environmental data transparency for its business customers, but none of this information directly addresses the specific metrics related to consumer financial products, services, or their impact on underserved populations as defined by this ethical value.

Fair Pay & Worker Respect

No specific quantitative data was provided in the articles to assess Hafnia Limited against the KPIs for Fair Pay & Worker Respect. While the company publishes a 2024 Integrated Annual Report adhering to the EU’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS),

and its 2022 ESG reporting follows frameworks like GRI and SASB, the provided excerpts do not contain concrete metrics such as living wage coverage, CEO-median pay ratio, collective bargaining share, safety incident rates, pay equity ratios, worker engagement scores, turnover rates, labor violation incidents, insecure contract share, or health insurance coverage. Qualitative statements about prioritizing safety or fostering an inclusive workplace are present but lack the specific numerical evidence required for scoring.

Fair Trade & Ethical Sourcing

The provided articles, including Hafnia's 2022 annual report

and a company website article, outline general policies such as a Code of Conduct and a Supplier Code of Conduct for over 6,000 suppliers . However, they explicitly state that no quantitative data is available regarding fair trade certifications, audit frequencies, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk, or supplier diversity spend . Therefore, no KPIs can be scored based on the evidence provided.

Honest & Fair Business

Hafnia has a Whistleblowing Policy with a secure, external website, available 24/7 and in multiple languages.

Reporting can be done anonymously, and the company prohibits any form of retaliation against whistleblowers, utilizing an independent provider. For the financial year ending December 31, 2024, the primary auditing firm conducted over 95% of the audit hours, with other firms representing less than 5% of total audit hours. Hafnia maintains an Anti-Bribery and Anti-Corruption Policy with zero-tolerance procedures, including for facilitation payments (except in duress). All employees and contractors undergo intensive yearly training, and gifts over USD 400 must be reported. The company is an active member of the Maritime Anti-Corruption Network (MACN).

Planet-Friendly Business

Hafnia's total carbon footprint across Scope 1, 2, and 3 was 2,885,977 tCO₂e in 2024, an increase of 7.91% compared to 2023.

The company publicly disclosed its GHG emissions for all three scopes, including a category-level breakdown for 8 out of 15 Scope 3 categories. In 2022, Hafnia sourced 0% of its operational energy consumption from renewables. The company recorded 2 Port state control detentions in 2022. Hafnia conducts TCFD reporting and adheres to the EU’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS), which require TCFD alignment. The company also states it will work to align with TCFD recommendations and has positively tested multiple climate scenarios.

Respect for Cultures & Communities

The provided articles contain no specific, quantifiable evidence directly addressing the Key Performance Indicators for 'Respect for Cultures & Communities'. While Hafnia emphasizes a 'People First' culture

, diversity, equity, and inclusion , and a commitment to ESG principles , , these are general statements. There is no data on formal partnerships with indigenous or local community groups , , , revenue reinvested locally , , , cultural appropriation incidents , , , cultural impact assessment protocols , , , local employment ratios , , , community grievance mechanisms , , , or cultural preservation investments , , . Information regarding cultural site protection , , , social license to operate , , , or specific cultural sensitivity training completion rates , , is also absent.

Safe & Smart Tech

Hafnia emphasizes ethical considerations, transparency, and bias mitigation in its AI use, supported by regular audits of AI algorithms

. These practices contribute to preventing algorithmic harms. The company adheres to the EU’s General Data Protection Regulation (GDPR) , as well as the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) . Hafnia reports having a strong system to prevent IT disruptions and cyberattacks, backed by a clear incident response plan . The company is actively engaged in digital transformation, including deploying the Starlink Satellite system across all vessels for enhanced connectivity , rolling out "Project Hologram" to improve seafarer connections , and establishing an AI start-up . Hafnia also utilizes machine learning algorithms to optimize vessel performance and has developed tools for tracking vessel emissions .

Zero Waste & Sustainable Products

Hafnia reports zero violations of MARPOL regulations, which cover various forms of pollution including garbage, oil, and sewage.

The company also ensures that hazardous materials identified onboard vessels are carefully removed and disposed of harmlessly during recycling. In 2021, Hafnia reduced overall plastic waste by 7.5% below 2020 levels. This was achieved through waste reduction initiatives such as reducing the procurement and use of single-use plastics, returning packaging material to suppliers, compressing plastics using a compactor, and implementing a garbage management plan on every ship with procedures for minimizing, collecting, storing, processing, and disposing of garbage.