2020 in Review
Our performance
Operating revenue (US $ millions) US $1,955m
1. Restated to show caviar operations as discontinued.
Operating profit (US $ millions) US $190m
Net profit (US $ millions) US $25m
Operating revenue by business (US $ millions)
Operating profit by business1 (US $ millions)
1. Excludes Stolt Sea Farm, Stolt-Nielsen Gas and Corporate and other loss of $15 million.
Total assets by business (US $ millions)
CEO Review
Niels G. Stolt-Nielsen
Sustainability
At Stolt-Nielsen, sustainability is central to our strategy and operations. From our Board of Directors to our seafarers and terminal operators, we recognise that how we conduct business impacts our industry, our colleagues, our external stakeholders and the environment. Sustainability is therefore a key part of our strategy and day-to-day operations.
We have prepared our Annual Report following the principles contained within the GRI Standards. We are working towards meeting the Core Standard.
Download Sustainability Report (1.1MB) Download GRI Content Index (74KB) Read moreUN Sustainable Development Goals
The SDGs are a framework for creating a better future – for people and the planet. The UN has developed 17 core goals and 169 sub-targets to help governments, businesses and individuals meet the world’s greatest challenges and opportunities by 2030.
There are three areas where Stolt-Nielsen believes it can support the wider SDGs, and we are using them to guide our sustainability efforts.
Health and safety
Zero harm for people and the environment. This is the first priority for everyone at Stolt-Nielsen. Our safety culture goes beyond compliance. Everyone understands their personal responsibility – for ensuring a safe working environment for colleagues and safe operations for customers. Our safety processes are robust and specialist training helps us collaborate to achieve our zero harm commitment.
Lost Time Injury Frequency (LTIF)
Serious incidents
1. Per 1,000,000 hours exposure. 2. Per 200,000 hours exposure. 3. Includes joint ventures. 4. LTIF data excludes Stolt Sea Farm.
Download Health and Safety Report (215KB pdf) Read moreEnvironment
From cutting emissions and conserving water to managing energy consumption and reducing waste – we approach environmental protection with creativity and commitment. Our environmental approach is underpinned by strong governance frameworks and processes. Stolt Tankers is the Company’s largest producer of greenhouse gases and we report its performance, for shipping activities below. We are working towards including data from across the Group.
2019: 19.97
Stolt Tankers uses the EEOI to measure the intensity of its carbon emissions. This measures carbon emissions relative to the distance and amount of cargo transported. EEOI decreased by 6.0% during the year.
2020: 1,798,538 MT CO2
2019: 1,916,743 MT CO2
1. Excluding Scope 1 GHG emissions from SNITS (inland tankers) subsidiary of 91,383 MT CO2. This fleet operates under a separate reporting system.
People
Our people are our most valuable asset, thanks to their commitment and resilience, during this challenging year we continued to execute our transformation and people strategies. Together, these are helping to shape Stolt-Nielsen into a more innovative, agile and sustainable organisation.
2019: 6,513
2019: 3.7%
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Forward-looking Statements
Included in this publication are various ‘forward-looking statements’, including statements regarding the intent, opinion, belief or current expectations of the Company or its management with respect to, among other things, (i) goals and strategies, (ii) plans for new development, (iii) marketing plans, the Company’s target markets, (iv) evaluation of the Company’s markets, competition and competitive positions, and (v) trends which may be expressed or implied by financial or other information or statements contained herein. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other facts that may cause the actual results, performance and outcomes to be materially different for any future results, performance or outcomes expressed or implied by such forward-looking statements. These factors include in particular, but are not limited to, the matters described in the Principal Risks section on page 51-53 of the Stolt-Nielsen Annual Report 2020.