Scorpio Tankers Inc..
SBNA.US | Sea and coastal freight water transport
Scorpio Tankers Inc. is a global provider of marine transportation services, focusing on the seaborne transportation of refined petroleum products. The company operates a fleet of tankers, primarily consisting of Medium Range (MR), Handymax, and Long Range 2 (LR2) vessels. Scorpio Tankers charters i...Show More
Better Health for All
0
Scorpio Tankers Inc.'s core business is marine transportation of refined petroleum products, which does not directly align with the 'Better Health for All' value, focusing on accessible medical treatments, preventative healthcare, or reducing health disparities for the general public. The provided articles detail initiatives such as 24/7 psychologist support
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, nutrition training for galley staff
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, and a Māori Crew Savings Plan
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. However, these programs are aimed at enhancing the well-being and safety of the company's own seafarers and employees. The value definition explicitly states that it 'does not pertain to workplace safety standards or worker rights directly.' Consequently, no relevant evidence was found to score any of the KPIs under this value.
Fair Money & Economic Opportunity
0
Scorpio Tankers Inc. is a marine transportation services provider, operating a fleet of tankers for refined petroleum products.
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The company's core business does not involve lending, insuring, moving, or storing money for consumers or underserved populations. Therefore, all Key Performance Indicators (KPIs) under the 'Fair Money & Economic Opportunity' value, which are designed for financial institutions offering consumer credit or deposit products, are not applicable to Scorpio Tankers Inc.'s operations.
Fair Pay & Worker Respect
40
The company reported a Lost Time Incident Frequency (LTIF) of 0.82 in 2024
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, with no serious marine casualties during that year
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. Employee feedback on Glassdoor, as of July 2025, shows an overall rating of 4.3 out of 5 stars
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, and 90% of employees would recommend working at the company
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. Separately, the Seafarers Happiness Index score for its crew declined from 7.12 to 6.36 over the course of 2023
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.
Fair Trade & Ethical Sourcing
0
No specific, quantitative evidence was found in the provided articles to assess Scorpio Tankers Inc. against any of the KPIs for Fair Trade & Ethical Sourcing. While the company's Code of Ethics and sustainability policies mention commitments to ethical conduct, including addressing modern slavery and child labor, and conducting audits
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,
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, the articles do not provide the necessary data points such as percentages of fair-trade certified spend, average months between supplier audits, number of substantiated labor incidents over three years, traceability coverage, median days to close corrective actions, percentage of contracts with ethical clauses, share of high-risk materials spend, or supplier diversity spend.
Honest & Fair Business
-40
The company's board of directors consists of 8 members, with 5 identified as independent, representing 62.5% of the board.
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A Code of Ethics is in place, which emphasizes compliance with anti-corruption laws, including the UK Bribery Act and FCPA, and specifically addresses bribery, corruption, and money laundering.
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This code also outlines a process for assessing suppliers' compliance with anti-corruption and anti-bribery standards, though information on training frequency or effectiveness metrics is not provided.
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Furthermore, a formal whistleblower policy exists, offering a hotline and website for confidential and anonymous reporting of suspected violations, with a clear prohibition against retaliation.
4
Procedures for complaints related to accounting, internal controls, or auditing matters are also established, but there is no evidence regarding the independence of investigation processes.
5
Kind to Animals
0
Scorpio Tankers participates in the Protecting Blue Whales and Blue Skies Vessel Speed Reduction (VSR) program.
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In 2023, this program achieved a 56-58% reduction in fatal whale strikes in California compared to 2017 levels.
2
Scorpio's fleet achieved Gold Tier compliance at 60% in the VSR program
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and received Certificates of Corporate Responsibility for compliance in the Stellwagen Bank National Marine Sanctuary.
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As a marine transportation service provider, the company does not engage in activities such as product manufacturing, animal testing, animal agriculture, or sourcing animal-derived ingredients, making the remaining KPIs not applicable to its operations.
5
No War, No Weapons
0
The provided articles, which include annual and sustainability reports, detail Scorpio Tankers Inc.'s financial performance
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, operational metrics
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, and general ESG commitments
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related to its core business of transporting refined petroleum products. However, none of the articles contain specific data points or explicit statements regarding arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics directly relevant to the 'No War, No Weapons' ethical value. Therefore, no KPIs can be scored based on the evidence provided.
Planet-Friendly Business
-50
Scorpio Tankers Inc. reported total Scope 1, 2, and 3 greenhouse gas emissions of 2.31 million tCO2e in 2024, comprising 1.84 million tCO2e for Scope 1, 493 tCO2e for Scope 2, and 478,592 tCO2e for Scope 3.
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This represents a decline from 2023's Scope 1 and 2 emissions of 2.36 million tCO2e.
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The company has not reported SBTi-validated carbon reduction targets
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but aims to reduce carbon intensity by 40% by 2030, relative to 2008 levels, in line with IMO and Poseidon Principles,
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having already achieved over 30% reduction against this baseline.
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Scorpio Tankers states alignment with TCFD
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and conducted a TCFD-aligned climate scenario analysis and risk assessment in 2023 and 2024.
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This analysis utilized Net Zero by 2050 (1.5°C), Announced Pledges (1.7 to 2°C), and Stated Policies (2.5 to 3°C) scenarios.
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In 2024, one isolated incident of improper garbage disposal in breach of MARPOL Annex V was recorded,
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which was addressed with corrective actions, retraining, and disciplinary measures, with no fines or detentions issued.
10
Respect for Cultures & Communities
0
No specific, quantitative data points were found in the provided articles that directly address Scorpio Tankers Inc.'s performance regarding respect for cultures and communities. The articles primarily focus on environmental sustainability, operational efficiency, and seafarer welfare, without providing metrics on community partnerships, local investment, cultural incident management, or local employment ratios.
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Safe & Smart Tech
0
The company reported no data breach incidents in 2023 and 2024.
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No incidents of unauthorized data use were reported in 2024.
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The company's privacy policy mentions compliance with the GDPR and similar data protection laws in the EU, Norway, Iceland, Turkey, and Switzerland, effective May 25, 2018.
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Zero Waste & Sustainable Products
0
The provided ESG report from Scorpio Tankers focuses on general environmental, social, and governance initiatives, including energy efficiency and GHG reduction targets.
1
However, it explicitly states that no quantitative data or metrics relevant to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education are provided.
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Therefore, no KPIs can be scored based on the available evidence.