Teekay has issued its Sustainability Report for 2013 to evaluate company’s performance according to People, Planet and Profit. The report is a snapshot of Teekay’s ongoing focus and commitment to sustainable practices.
Teekay 2013 at a glance
According to Peter Evensen, President and CEO of Teekay, the company had another amazing year of business-as they celebrated their 40-year anniversary, and also Teekay celebrated the safest year in terms of Lost Time Injury (LTI) with zero fatalities and three LTIs.
‘‘We put safety first. No compromises. We look after each other and make sure everyone gets home safely. We consider people, planet and profit in all of our decisions and actions. We contribute to a sustainable business, environment and community. This Sustainability Report shares how we are delivering on that mandate. We received the NAMEPA 2013 Marine Environment Protection Award for our efforts to preserve the marine environment, our commitment to high-quality operational standards and constantly delivering on our promise as a team.”
”When I think about sustainability, I think of the definition employees developed for our core SPIRIT values. The “S” in SPIRIT stands for Safety and Sustainability”, Mr Evensen also states in the report.
Commitment to environmental sustainability
Teekay has committed to environmental sustainability by implementing environmentally sound initiatives in their offices, having staff everywhere pledge to use environmentally friendly practices and using technology to continually lessen their vessels’ impact on the environment.
Teekay supports environmental sustainability programs by ensuring that the company meets and exceeds environmental requirements. Company’s Health, Safety, Environment, Quality and Security policy supports this by setting commitments for zero oil spills and minimizing the impact of our operations on the environment. Although they are proud of their environmental achievements, they recognize that there is always room to do more. Through responsible safety and environmental practices, Teekay ensures compliance with legislation and with practices to further reduce their environmental footprint
Environmental Strategy
The strategy aims to deliver the following business benefits:
- Innovation – benefits from new technologies aimed at sustainable business practices and reducing costs.
- Operational effectiveness – improvements and innovation in Teekay’s practices and processes as a direct result of being more responsible and sustainable, creating more effective operations and higher levels of efficiency.
- Risk management – benefits resulting from sustainability efforts that improve Teekay’s ability to identify and reduce exposure to risk, and prepare for and manage risk better.
- Employee and future workforce – benefits from responsible business practice that affects the working life of employees, and the ability to attract and hold on to talent. This includes employee motivation, productivity, recruitment, satisfaction, retention, engagement and loyalty.
- Brand value and reputation – benefits realized from responsible business that improve the value of Teekay’s brand and/or the reputation of the brand or organization
Recycling of vessels
As a part of its ongoing business, Teekay routinely renews its fleet and sells its older vessels to third parties. These vessels are sold ‘on the water’ as fully operational vessels on industry standard terms that are routinely used for the sale of second hand vessels, such as the standard BIMCO “SALEFORM 1993” or “SALEFORM 2012” prepared by the Norwegian Shipbrokers Association.
Teekay is continually assessing how the company can best ensure it plays a responsible role in the value chain – building, operating and recycling vessels in a safe and environmentally friendly way.
Environmental Impacts
Sustainability involves a commitment to responsible environmental practices, and an innovative approach to technology use and project development. As a result of our focus on environmental sustainability, Teekay has introduced many initiatives to reduce emissions and discharges to air, sea and land.
Discharges to Water In 2013, Teekay vessels discharged 75,569 cubic meters of bilge, slop and soot water to sea. Our FPSO vessels discharged 36 cubic meters of oil in produced water in 2013, which is more than a 60% reduction since 2010. Spills 175 million metric tonnes of cargo were carried on Teekay vessels in 2013. The total cargo lost to sea was 68 liters and to atmosphere (vented gas cargo and refrigerant) was 0.6 metric tonnes. Waste In 2013, Teekay vessels generated 11,186 cubic meters of solid waste. More than 64 percent of that was sent to shore facilities for disposal or recycling. Approximately 30 percent was incinerated on-board, with the remaining five percent disposed of at sea in accordance with MARPOL (the International Convention for the Prevention of Pollution from Ships). |
Further details may be found by reading Teekay’s Sustainability Report 2013 (please click at image below)