On the following three pages we provide more

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On the following three pages we provide more informationon three selected topics: Decarbonisation and emissions,diversity and inclusion as well as an overview key CSRfigures. The full CSR Report for 2019 is available from thislink: en/about/group/responsibility.CSR summaryIncreased focus on integration ofCSR with business strategyRising urgency of tacklingclimate changeKey CSR themes: ‘EnvironmentalFootprintandCaring EmployerManagement reviewConsolidated financialsReportsOtherParent company financialsAnnual Report 201937
Decarbonisation and emissionsAt DFDS, we fully support the decarbonisation mission.While energy efficiency continues to be a key priority, itwill not be enough to achieve C02-neutral transport. Wehave to adopt alternative fuels based on renewableenergy, if our industry is to truly transform and deliveron decarbonisation.The long-term path towards zero emissions shippingrequires the industry to depart from today’s fleets andstop using fossil fuels. For DFDS, the next significant stepin this direction is to begin replacing fossil fuels withbiofuels. This will allow us to continue using our existingfleet without incurring major changes to engines andequipment. To support this ambition, we have invested inthe start-up, MASH Energy in 2019a biofuel producerthat produces CO2neutral biofuel from agricultural waste.But the major transition will be a more long-term movetowards achieving zero emission shipping that relies on anew generation of ships. We believe in the potential of anew generation of sustainable fuels for shipping, createdentirely from renewable energy, like offshore wind power.Finding viable alternatives to fossil fuels that can supportcarbon neutral transportation needs cross-sectorcollaboration and a willingness to experiment. So wecontinuously look for partners with ambitious visions.The commercial viability of renewable fuels is still heldback by a number of uncertainties. The demand forrenewable fuels depend on price differentials betweenblack and green energy, availability, bunker infrastructure,rules and regulations, uncertainties around measurement,and potential special rules for passenger ferries. Levellingthe price gap between fossil and renewable fuels will becritical to driving adoption and building zero-emissionships. We act by engaging with partners and openinnovation initiatives to discover technologies andsynergies that will help drive down the cost ofrenewables.We are committed to the International MaritimeOrganisation’s (IMO) GHG(Greenhouse Gas) strategy.Complementing this, we also want to be progressive inhow we cut back on our GHG emissions. While the exactdetails of metrics, baseline and allocations of variousshipping elements are still subject to discussion by theIMO, we have decided to use “Gross Tonnage multiplied bydistance travelled” when reporting on GHG emissionsperformance. In 2019, we have set 2023 and 2030 targetsfor this KPI.

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