Environmental Social Governance
ENVIRONMENT
Driving decoarbonisation at sea
SFL is committed to minimising its environmental footprint and aligning with international climate targets. Our strategy focuses on investing in fuel-efficient vessels, adopting alternative fuels such as LNG and biofuels, and continuously improving operational efficiency. Through modern fleet renewal, digital monitoring, and innovative retrofits, we aim to exceed IMO emission reduction trajectories and safeguard the oceans we depend on.
Fleet renewal & upgrades
Modern vessels with energy-efficient retrofits.
Alternative fuels
LNG dual-fuel ships and biofuel adoption.
Smart monitoring
Real-time emissions tracking and third-party verification.
SOCIAL
Safe, fair, and inclusive workplaces
People are at the core of SFL’s operations. We ensure safe and decent working conditions across our global workforce, from seafarers to onshore staff. Guided by international standards, we protect human rights, foster diversity, and invest in employee well-being and development. Our zero-accident ambition and strong culture of respect underpin our long-term success.
Safety first
Zero-accident ambition with strict audits and inspections
Well-being support
Mental health tools for crew and onshore staff.
Human rights & diversity
100% of seafarers covered by CBAs, 39% women onshore.
GOVERNANCE
Integrity at the core of our business
Strong governance is essential for building trust with stakeholders and ensuring long-term resilience. SFL operates under a robust framework of ethics, compliance, and oversight led by our Board of Directors. We maintain a zero-tolerance approach to corruption, monitor all business partners, and provide mandatory compliance training across the organisation.
Code of ethics
Clear policies on conduct, privacy, and anti-corruption.
Partner Screening
100% of new partners ESG-compliant.
Whistleblowing & transparency
Anonymous global reporting channels.
Performance in 2024
Environment
Material topics
Target
2024 performance
Direct GHG emissions
2% in annual year-on-year AER improvement (fleet average)
+1.9%
Spills and releases
Zero spills
Zero
Social
Material topics
Target
2024 performance
Health and safety involving crew
0% in Lost time injury frequency (LTIF)
0.46
Human rights
100% of seafarers covered by Collective bargaining agreements (CBAs)
See page 23 of 2024 esg report
Governance
Material topics
Target
2024 performance
Corruption
100% of new business partners screened for ESG compliance annually
Zero monetary losses resulting fromany form of corruption
100%
Zero
Compliance training andtraining onboard
100% of seafarers covered by Collective bargaining agreements (CBAs)
100%
ESG reports
ESG report 2024
ESG report 2023
ESG report 2022
ESG report 2021
ESG report 2020
ESG report 2019
ESG report 2018
At SFL Corporation Ltd. (“SFL”) we believe that a reliable and strong health and safety focus onshore and on board our vessels will positively affect the long term performance of the Company. Ensuring safe working conditions is our primary focus. Through our Code of Conduct, SFL strive to ensure that the work environment on shore and on board always meets the highest standards complying with all safety regulations ensuring a safe and trusted workplace irrespective of nationality, race, ancestry or any other basis.
Worldwide waterborne transport remains the most cost and energy efficient means of transporting large volumes of commodities and produced goods, supporting and enabling international trade with dedicated fleets optimized for specific trade patterns or cargo needs, ensuring optimal trade flows. SFL is constantly focusing efforts on increasing efficiency and reducing the greenhouse gasses emitted from our vessels with the belief that improving efficiency and reducing energy consumption will generate environmental and economic advantages.
Worldwide waterborne transport remains the most cost and energy efficient means of transporting large volumes of commodities and produced goods, supporting and enabling international trade with dedicated fleets optimized for specific trade patterns or cargo needs, ensuring optimal trade flows. SFL is constantly focusing efforts on increasing efficiency and reducing the greenhouse gasses emitted from our vessels with the belief that improving efficiency and reducing energy consumption will generate environmental and economic advantages.
SFL believe that a commitment to honest and ethical conduct along with integrity are key values which are embedded into our way of working with customers, suppliers, employees, shareholders and the communities in which we operate. Our commitment to transparent and honest business is outlined in our Financial Crime Policy which commits us to the most stringent rules and regulations which is in line with our NYSE listing commitment.
Our Sustainability-Linked Bond Framework provides an opportunity for investors to learn about SFL’s priorities in contributing to lower climate gas emissions in the shipping sector. The framework was used as basis for a successful placement of a USD 150 million senior unsecured sustainability-linked bond.
