Carbon Disclosure Project confirms 'B' score for Euronav for actions against climate change

CARBON DISCLOSURE PROJECT CONFIRMS 'B' SCORE FOR EURONAV FOR ACTIONS AGAINST
CLIMATE CHANGE

Highlights:
o Carbon Disclosure Project (CDP) confirms 'B' score Euronav for taking
'coordinated 
action on climate issues' 
o Euronav's score remains higher than the average marine transport sector C
score 

ANTWERP, Belgium, 9 December 2021 - Euronav NV (NYSE: EURN & Euronext:
EURN)("Euronav" or the "Company") announces that it has been awarded a B score
for taking coordinated action on climate issues by the Carbon Disclosure Project
(CDP). This is the same score as the Company obtained in 2020 with its first
submission to the CDP platform. The CDP is a global non-profit organization that
has run the world's leading environmental disclosure platform for over 20 years.
In 2021, more than 13,000 companies worldwide shared data on their environmental
impact in relation to climate change, forests, and water with the CDP.
 
Hugo De Stoop, CEO and Chairman of the Sustainability Committee of Euronav:
"This is a well-recognised and respected third party accreditation of our
sustainability and climate change credentials. Euronav has a strong
sustainability focus, that we aim to integrate in every process throughout the
company. Now, more than ever, companies, the shipping industry, and governments,
need to take their responsibility. The time to act is now."

Higher score than marine transport average
The CDP score ranges from A to D-, with A being the best possible rating, and is
based on independent assessment against the scoring criteria of the CDP. Just
like last year, the B score obtained puts Euronav in the 'Management band'.
Companies in this band are undertaking further steps to effectively reduce
emissions, indicating more advanced environmental stewardship. Euronav's score
is higher than the marine transport sector average of C. 

Euronav maintained its 'A' score on 'Emissions reduction initiatives' and vastly
improved its 'Governance' score from a 'D' rating to an 'A' rating in 2021. This
is a great achievement given that the CDP has raised the bar for qualification
scores for climate leadership. The company's score was therefore lower than last
year in five categories. The 'Business strategy', 'Opportunity disclosure' and
'Risk disclosure' ratings fell from 'A-' to 'B'. 'Risk management' decreased
from 'A' to 'B-', and for 'Targets' Euronav received a' D' score. 

Sustainable steps forward
A strong focus on high corporate governance standards and application of
similarly high social standards within the company form the bedrock of Euronav's
commitment to sustainability. The Company has taken up a leading role in order
to reshape the shipping and crude tanker industries and has been an active
supporter of various international 
climate focused initiatives such as the Poseidon Principles and the Getting to
Zero Coalition. More recently Euronav has become one of the signatories of the
'Call to Action for Shipping Decarbonization'. 

In addition to supporting such initiatives, Euronav also undertakes various
projects within its own organization and with third parties to increase the
sustainability of the organization. Testing biofuels, the establishment of a
Joint Development Programme for ammonia-fitted tankers, and further digitization
of the company are just a few of them. In December the company also secured an
additional USD 73.5 million sustainability linked loan. The 
conclusion of this funding brings facilities with an integrated sustainability
component to 41% of Euronav's commercial bank financing.

New 2021-2025 CDP strategy to support net-zero emissions by 2050
There is a rising market demand for corporate environmental transparency. More
than 590 investors with over USD 110 trillion in assets, and 200 major buyers
with USD 5.5 trillion in procurement spend, requested corporate environmental
data through CDP in 2021. 

A record-breaking 13,000 plus companies representing over 64% of global market
capitalisation disclosed through CDP. This is 35% more than last year, and over
141% more than when the Paris Agreement was signed in 2015.

To help tackle the climate and ecological emergency, the CDP has set out a new
strategy for 2021-2025, with the aim to achieve net-zero emissions and full
nature recovery by 2050.

The full CDP report can be found on the Company's website: 
https://www.euronav.com/en/sustainability/publications/

The companies disclosing through CDP can be accessed here:
https://www.cdp.net/en/companies/companies-scores

*
* *

Contact:
Brian Gallagher - Head of IR, Research and Communications & Management Board
member 
Tel: [phone] 
Email: [e-mail]

Announcement of Q4 results - Thursday 3 February 2022
About Euronav
Euronav is an independent tanker company engaged in the ocean transportation and
storage of crude oil. The
Company is headquartered in Antwerp, Belgium, and has offices throughout Europe
and Asia. Euronav is listed
on Euronext Brussels and on the NYSE under the symbol EURN. Euronav employs its
fleet both on the spot and
period market. VLCCs on the spot market are traded in the Tankers International
pool of which Euronav is one
of the major partners. Euronav's owned and operated fleet consists of 2 V-Plus
vessels, 45 VLCCs (with further 
three under construction), 25 Suezmaxes (one of which is in a joint venture and
two vessels time chartered in) 
with a further five under construction and 2 FSO vessels (both owned in 50%-50%
joint venture).

Forward-Looking Statements 
Matters discussed in this press release may constitute forward-looking
statements. The 
Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for 
forward-looking statements in order to encourage companies to provide
prospective 
information about their business. Forward-looking statements include statements 
concerning plans, objectives, goals, strategies, future events or performance,
and 
underlying assumptions and other statements, which are other than statements of 
historical facts. The Company desires to take advantage of the safe harbor
provisions of 
the Private Securities Litigation Reform Act of 1995 and is including this
cautionary 
statement in connection with this safe harbor legislation. The words "believe",
"anticipate", 
"intends", "estimate", "forecast", "project", "plan", "potential", "may",
"should", "expect", 
"pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions, 
many of which are based, in turn, upon further assumptions, including without
limitation, 
our management's examination of historical operating trends, data contained in
our 
records and other data available from third parties. Although we believe that
these 
assumptions were reasonable when made, because these assumptions are inherently 
subject to significant uncertainties and contingencies which are difficult or
impossible to 
predict and are beyond our control, we cannot assure you that we will achieve or

accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our
view, could 
cause actual results to differ materially from those discussed in the
forward-looking 
statements include the failure of counterparties to fully perform their
contracts with us, 
the strength of world economies and currencies, general market conditions,
including 
fluctuations in charter rates and vessel values, changes in demand for tanker
vessel 
capacity, changes in our operating expenses, including bunker prices,
dry-docking and insurance costs, the market for our vessels, availability of
financing and refinancing, 
charter counterparty performance, ability to obtain financing and comply with
covenants 
in such financing arrangements, changes in governmental rules and regulations or
actions 
taken by regulatory authorities, potential liability from pending or future
litigation, general 
domestic and international political conditions, potential disruption of
shipping routes due 
to accidents or political events, vessels breakdowns and instances of off-hires
and other 
factors. Please see our filings with the United States Securities and Exchange
Commission 
for a more complete discussion of these and other risks and uncertainties.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange