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GOGL – 2023 Environmental, Social and Governance (ESG) Report

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Golden Ocean Group (NYSE: GOGL) has released its sixth annual ESG Report, prepared according to SASB, UN Global Compact, and NASDAQ/Euronext guidelines.

Interim CEO & CFO, Peder Simonsen, highlighted a significant achievement: a 13.3% reduction in CII emissions from the baseline year 2019, surpassing the 2022 result of 9.1%. The company is on track towards its goals of a 15% reduction by 2026, 30% by 2030, and net zero by 2050.

For more details, visit the company's website.

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Golden Ocean Group Ltd (OSE/NYSE: GOGL) today released its sixth annual ESG Report.

The 2023 report is prepared in accordance with the Marine Transportation framework established by the Sustainability Accounting Standards Board (SASB), the disclosure requirements of the UN Global Compact as well as reporting guidelines for NASDAQ/Euronext stock exchanges.

Peder Simonsen, Interim CEO and CFO, comments: “We are proud to present the sixth 2023 ESG report giving comprehensive insight into the environmental, social and governance aspects of Golden Ocean's activities.

We are pleased to report continued improvements on emission reduction with 13.3% reduction on CII emissions compared to the baseline year of 2019, a further improvement compared to the 2022 result of 9.1%.

We are therefore well ahead of the targeted reduction schedule towards 15% by 2026, 30% by 2030 and net zero by 2050."


The ESG report can be found on the Company's website and in the link below.

For further queries, please contact:

Peder Simonsen, Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS

Telephone: +47 22 01 73 40

August 8, 2024

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

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FAQ

What is the 2023 ESG report released by GOGL?

Golden Ocean Group released its sixth annual ESG Report for 2023, detailing environmental, social, and governance aspects, following SASB, UN Global Compact, and NASDAQ/Euronext guidelines.

How much did GOGL reduce its CII emissions in 2023?

GOGL achieved a 13.3% reduction in CII emissions in 2023 compared to the baseline year of 2019.

What is GOGL's emission reduction target for 2026?

GOGL aims to achieve a 15% reduction in emissions by 2026.

What are GOGL's long-term emission reduction goals?

GOGL targets a 30% reduction in emissions by 2030 and aims for net zero emissions by 2050.

Where can I find the 2023 ESG report for GOGL?

The 2023 ESG report for GOGL is available on the company's website.
Golden Ocean Group Ltd

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Marine Shipping
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Bermuda
Hamilton