Golden Ocean Group's 2024 ESG Report Highlights Progress

Author: Evelyn Baker Updated: 06-11-2025 10:46 AM

Golden Ocean Group Ltd Releases 2024 ESG Report

Golden Ocean Group Ltd (OSE/NYSE: GOGL) has unveiled its seventh annual Environmental, Social, and Governance (ESG) Report, showcasing its commitment to sustainability and transparency.

Framework for Reporting

This year's report is crafted in alignment with the Marine Transportation framework set forth by the Sustainability Accounting Standards Board (SASB). It also references the Global Reporting Initiative (GRI) Standards, ensuring that stakeholders have a comprehensive understanding of the company's ESG performance in both operations and its broader value chain.

Material Sustainability Matters

The document highlights Golden Ocean's approach to managing critical sustainability issues throughout the fiscal year. These efforts aim to address environmental impacts while assuring strong operational practices that benefit both the company and the communities it serves.

CEO's Insights

Peder Simonsen, CEO of Golden Ocean Group, expressed enthusiasm over the company's sustainability initiatives. He stated, “We continue to deliver on our strategy of fleet modernisation while maintaining a strong focus on operational efficiency. As a result, we are pleased to report an 11.7% reduction in Carbon Intensity Indicator (CII) emissions compared to the baseline year of 2019. We’ve exceeded the 2024 trajectory and remain on track for targeted reductions of 15% by 2026, 30% by 2030, and achieving net-zero emissions by 2050.”

Commitment to Sustainability

Golden Ocean’s commitment to reducing emissions marks a significant milestone in its long-term sustainability strategy. The company's proactive measures not only reflect impressive operational achievements but also a responsibility towards safeguarding our planet for future generations.

Accessing the 2024 ESG Report

Stakeholders interested in reviewing the detailed findings and recommendations from this report can access it directly on Golden Ocean Group's official website, ensuring transparency and active engagement with industry and community partners.

Contact Information

For any inquiries related to the ESG report or other company matters, please reach out to:

Peder Simonsen, CEO of Golden Ocean Management AS
Telephone: +47 22 01 73 40

Randi Navdal Bekkelund, CFO of Golden Ocean Management AS
Telephone: +47 22 01 73 40

Frequently Asked Questions

What is the focus of Golden Ocean Group’s 2024 ESG Report?

The report emphasizes sustainability efforts, reporting CII emissions reductions, and future environmental targets.

Who is the CEO of Golden Ocean Group?

Peder Simonsen currently serves as the CEO of Golden Ocean Group Ltd.

What emissions reduction target has Golden Ocean set for 2026?

Golden Ocean has set a target to reduce its CII emissions by 15% by the year 2026.

Where can I find the ESG Report?

The 2024 ESG Report is available on the official Golden Ocean Group website.

What additional information does the report provide?

The report outlines the company's approach to managing sustainability issues and its overall ESG performance.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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