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.