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NYSE:TK
NYSE:TNK

Teekay Group Publishes 2019 Sustainability Report

April 15, 2020

In early 2020, the world has been facing the COVID-19 pandemic, which has impacted so many people around the world. As we respond to these uncertain times and work to protect against the spread of COVID-19, it is our collective responsibility to maintain as our highest priority the health and well-being of our employees, our families, and our communities. As we are an integral part of the world’s energy supply chain, our services continue to be required and we remain focused on keeping our employees at sea and onshore safe by following all government guidelines provided in the countries where our staff live and work.

At the same time, as a leading oil and gas transportation company, we cannot separate ourselves from the longer-term challenges that the world is facing. We have built our company on a deep commitment to responsible safety and environmental practices. Over the past decade, we have worked with industry to pioneer and invest in increasingly more energy efficient vessels. For instance, our latest LNG carrier newbuildings produce about 50% less CO2 emissions per cubic meter of LNG transported. As our industry has set itself the challenge of progressively becoming carbon neutral by 2050, we have an enormous task ahead of us.

We are embarking on new industry partnerships to drive necessary technological developments and, we will in 2020, reassess our reporting framework so that we have the best possible foundation for the important work ahead of us.

Our 2019 Sustainability Report highlights our commitment and performance in managing the sustainability issues that matter most to our key stakeholders, including employee health and wellness, operational leadership, corporate social responsibility, emissions data and reductions, ship recycling, supply chain management and transparency with respect to anti-corruption and ethics.

Teekay Corporation – Sustainability Report 2019 from Teekay Corporation

To review reports from previous years, visit our Sustainability page.

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