Teekay Corporation and Teekay Tankers Ltd. announced the publication of their 2021 Sustainability Report, which can be accessed on the Teekay Group’s website by clicking here.
“The world needs more energy, and we continue to believe that fossil fuels will remain an important part of the world’s energy supply for many years. At the same time, it is clear the environmental and societal risks inherent in fossil fuels necessitate a transition to a low-carbon energy future,” commented Kenneth Hvid, Teekay’s President and CEO. “Teekay has a long history of adapting to changes in the global energy mix, and we will now focus our efforts on balancing the dual goal of continuing to provide our customers with safe, efficient, and reliable fossil fuel transportation, while also exploring ways to support and drive the global energy transition.”
“Through our ongoing deployment of evolving technological and operational initiatives, the emissions performance of our fleet continues to improve,” commented Kevin Mackay, Teekay Tankers’ President and CEO. “While further environmental performance improvements will remain a top priority, we must also never lose focus on what matters most—the safety and wellbeing of our people. The crew welfare situation for our seafarers brought on by the pandemic is improving, although the challenges for our sea staff are not yet over. We continue to focus on the safety and wellbeing of our seafarers as well as developing the next generation of skilled maritime leaders.”
Mr. Hvid added, “While the areas in which we invest or operate may change in the future, one thing that won’t ever change is our commitment to our core values, including our value of Safety and Sustainability.”
In addition, the Teekay Group has released their Annual Reports on Form 20-F for the fiscal year ended December 31, 2021 (Annual Reports), each of which has been filed with the U.S. Securities and Exchange Commission and can be accessed at www.teekay.com, in the “Investors” section under “Financials and Presentations” for each respective entity.
Shareholders may also request a hard copy of the Annual Reports, which includes the Teekay Group’s complete 2021 audited financial statements, free of charge by contacting Investor Relations via e-mail at investor.relations@teekay.com.
