CADELER VATTENFALL HKZ KLOET 079dd10072022

Sustainability

Empowering the Green Horizon

Targets

Cadeler's commitments to sustainability

1

Net-zero operations by 2035.

2

Reduction of company-wide scope 1 & 2 emission intensity by 50 % by 2030.

3

By the publication of the Cadeler 2024 Annual Report, Cadeler commits to presenting a full overview of scope 3 emissions and will set target for reduction of scope 3 emissions.

4

Cadeler commits to sourcing 100 % of its electricity consumption from renewable sources by 2030.

5

Cadeler aims to reduce waste from its own operations by 50 % by 2030.

Cadeler windmill 1
The offshore wind industry play a vital role in reaching our climate goals.

At Cadeler, we're on a clear mission to facilitate the world’s transition to a more sustainable planet built on renewable energy by being the key supplier in the development of offshore wind energy.

We are a pure play company, solely operating in the industry for offshore wind. For more than 10 years, we have been a key supplier in the development of enough offshore wind energy, powering millions of households around the world.

As an offshore wind turbine transportation and installation company, we are fully aware of the impacts of our operations. We have high standards and ambitions when it comes to our environmental responsibility.


We signed the UN Global Compact

We support the Global Compact’s 10 principles and the 17 UN Sustainable Development Goals. Cadeler commits to integrating basic principles related to human rights, worker rights, environmental protection, and anti-corruption into our business practices. We have zero tolerance for corruption, bribery, human rights violations, and other unethical practices within our company and across our value chain. We aim to provide our employees with a working environment characterized by equal opportunity and zero tolerance for discrimination.

Cadeler focuses on seven goals relevant to its operations, using them to guide the sustainable development strategy.

SDG Row

Environment

1) Reduce the emissions intensity of our business

We are investing in greener design for our future vessels

Our new P Class vessels are designed to emit significantly less carbon per turbine installation than current industry standards. Among other things, we are introducing shore power connections, which are expected to reduce fuel consumption by up to 15 percent. Our new battery packs are designed to optimize our energy efficiency. Our fuel-efficient engines have the option to run partly on biofuels, and our vessels are designed with the option to be upgraded to use alternative renewable fuel sources.

We are improving the performance of our existing assets

We made the decision to invest in improved fuel tracking systems on Wind Orca and Wind Osprey as a major step towards reducing emissions from our existing fleet. This system enables us to track our fuel consumption more accurately, identify operational areas for improvements. Additional vessel upgrades focused on reducing environmental impact are also currently under evaluation.

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2) Protect the marine environment

Our operations should do no significant or lasting harm to the marine environment in which we operate. In 2021, we purchased no single-use water bottles for our vessels and installed D2-compliant ballast water treatment systems on board our vessels. These systems greatly reduce the risk of vessels introducing invasive aquatic species to new waters during exchange of ballast waters.

Key targets:

• Aim for zero spills to the marine environment.

• Meet all environmental regulations for operation of our vessels in accordance with the laws under which the Company operates and the Danish Flag State.

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3) Focus on circularity and reduced consumption of resources

This is the newest addition to the overall strategy. Cadeler’s employees and a few key clients have requested a clearer definition of the Company strategy in this area, so starting in 2023, Cadeler intends to place more focus on its consumption of resources and the topic of circularity. Reducing the impact from the Company’s use of resources can be achieved with development of an improvement plan. The Company aims to place a consistent focus on reducing overall consumption of resources and reusing and recycling materials wherever possible.

Key target:

• Cadeler aims to reduce waste from its own operations by 50% by 2030.

Social

1) Focus on the health, safety and well-being of our people

The health and safety of the people on board our vessels and in our offices is our utmost priority. Maintaining a safe work environment is not a simple task, as our primary operations take place in the harsh and ever-changing offshore environment. We continuously work to improve our health and safety processes to ensure our employees and project partners have a secure workspace. You can read more about this on our HSEQ page.

Key target: 

• Aim for zero lost time incidents.

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2) Provide a positive workplace environment

Cadeler provides a working environment with equal opportunity and zero tolerance for discrimination. Employees are the backbone of the Company, and it is vital to ensure all employees feel the Company provides a workplace that attracts and develops talented individuals. This is done by offering competitive benefits and learning opportunities, building a diverse workforce, and ensuring that people always feel they are treated fairly and with respect.

Key target: 

• Achieve 30% women in onshore management positions by end of 2025.

Governance

1) Focus on corporate responsibility

The Company maintains a focus on anti-corruption policies, supply chain management, compliance with human rights and labour standards, and transparency. Cadeler strives to sustain ethical business practices and views any violations, either internally or in the supply chains, as unacceptable. Cadeler has policies in place that are reviewed annually and is working to improve supply chain management processes to ensure the Company values are upheld across the value chain.

Key target: 

• By 2024, 100% of key personnel trained on core responsible business topics, including Anti-bribery and Corruption as well as Data Protection and Privacy.

ESG Policies

Sustainability Development Reports

  • 2023 Cadeler Annual Report incl. Sustainability Development (page 37)
  • 2022 Cadeler Annual Report incl. Sustainability Development (page 26)
  • 2021 Cadeler Sustainability Development Report
  • 2020 Cadeler Sustainability Development Report

Milestones

Milestones in Cadeler's history
Cadeler has many years of experience when it comes to installing offshore wind farms. Here are our records achieved so far.
0 Foundations installed
0 Wind turbine installations
Powering 0mil global households
0 Total O&M locations
0 GW installed