Page 39: of Maritime Reporter Magazine (May 2021)

GREEN COATINGS

Michael Hansen, EVP & COO, & Dorthe

Scherling Nielsen, Head of Sustainability & Government Af airs, Hempel. Below: T e

Breclav Bridge is coated by Hempel.

Photos courtesy Hempel

Watch the Hempel interview on Maritime

Reporter TV: bit.ly/3uqikFr the maritime sector, and today maritime remains a key legacy 100% renewable electricity, and we’ll shift to electric vehicles business, generating around “400 million euros, or (about) a and equipment wherever possible. We’re also going to work quarter of our revenue,” said Hansen, with energy – both tra- strategically across our value chain to reduce our impact.” ditional oil and gas the emerging renewables sector – account- To that end, Hempel launched its sustainability framework ing for about 250 million euros per year in turnover, or about dubbed Futureproof, an initiative that lies at the heart of its 16% of revenues. strategy to double its revenue while dramatically cutting its

Hempel aims to achieve its revenue objective through both carbon footprint and that of its clients.

acquisitions and organic growth as well as ambitious invest- “We have committed to setting science-based targets in ac- ments in sustainability, innovation and digitalization, expect- cordance with the 1.5 degree pathway. And this will be a re- ing 50 percent of revenue growth to come from M&A, but ally big undertaking for us, a game changer,” said Scherling with a clear-cut emphasis on building market leadership in its Nielsen. “It will have a big impact on how we operate our four segments. By 2025, Hempel expects more than 50 per- business, how we run our factories, how we select our suppli- cent of its revenue to come from sub segments and geogra- ers and how we produce our products.” phies where it has a leading position, compared to less than But Futureproof extends far beyond the walls of Hempel, as 10 percent today. Scherling Nielsen said “for our customers, we’ve committed

Among speci? c targets, Hempel aims to be carbon neutral in to reducing CO2 with at least 30 million tons. One driver to own operations by 2025, while helping to reduce the carbon achieve this goal is products like Hempaguard X7, antifouling footprint of its customers. with qualities to reduce hull friction and improve fuel ef? - ciency of the ships.” “Hempaguard X7 is a silicon solution that enables a ship to “FUTUREPROOF” “One of our key ambitions is to drive CO2 emissions for our maintain speed level during the ? ve-year intervals between own operations to zero by 2025 even as we grow,” said Scher- dockings,” said Hansen. “In other words, you reduce your ling Nielsen. “To achieve this, we’ll do three things. We’ll bunker consumption during that period. So here we have the continue to reduce energy consumption, we’ll transition to element of sustainability and pro? tability going hand-in-hand, www.marinelink.com 39

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