Euronav : obtains "B" score from carbon disclosure project for actions against climate change

EURONAV OBTAINS "B" SCORE FROM CARBON DISCLOSURE PROJECT FOR ACTIONS AGAINST
CLIMATE CHANGE


Highlights:

o	Carbon Disclosure Project (CDP) awards Euronav with a 'B' score for taking
'coordinated action on climate issues' 
o	This is the first time Euronav has submitted to the world's leading
environmental disclosure platform 
o	Euronav's score is higher than the marine transport sector average


ANTWERP, Belgium, 10 December 2020 - 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 global non-profit organization has run the world's leading
environmental disclosure platform for over 20 years. In 2020, 9,600 companies
worldwide shared data on their environmental impact in relation to climate
change, forests, and water with the CDP. Euronav has submitted its
sustainability credentials to the CDP platform for the first time this year, as
part of an ongoing commitment to increase the company's transparency in this
area.

Hugo De Stoop, CEO and Chairman of the Sustainability Committee of Euronav said:
"This recognition by CDP is a tangible acknowledgement of the efforts the
Company has put into the realization of a sustainable future of our activities.
Our commitment towards sustainability is embedded in the company's strategy
since its creation 25 years ago. Shipping already has a notable track record
when it comes to sustainability but there is always room for improvement, and
this is a recognition of a process underlying our ambitions on continuously
reducing our carbon footprint." 

Management band

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. 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. 

The report also shows that Euronav obtained an A category score for 'Risk
management processes' and 'Emissions reduction initiatives'. A category score A-
was also awarded for 'Risk and opportunity disclosure' and 'Business strategy
and financial planning'.



Sustainability, part of Euronav's DNA

The disclosure through CDP is just one of many actions Euronav is undertaking to
help reshape the shipping and crude tanker industries. An active supporter of
various international climate focused initiatives such as the Poseidon
Principles and the Getting to Zero coalition, Euronav recently announced a new
USD 713 million sustainability loan with built in climate related targets. 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. A complete list of this and other ESG related
initiatives can be found on www.euronav.com/sustainability.

Transparency becomes business norm

In 2020, 515 investors with USD 106 trillion in assets and 150+ large purchasers
with over USD 4 trillion in buying power requested thousands of companies to
disclose their environmental data through CDP. The growth in corporate
disclosure - which has now reached 9,600 companies worldwide in 2020 - is
evidence that transparency around environmental impact is now a business minimum
standard.


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

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



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

About CDP  
CDP is a global non-profit that drives companies and governments to reduce their
greenhouse gas emissions, safeguard water resources and protect forests. Voted
number one climate research provider by investors and working with institutional
investors with assets of USD 106 trillion, CDP leverages investor and buyer
power to motivate companies to disclose and manage their environmental impacts.
Over 9.600 companies with over 50% of global market capitalization disclosed
environmental data through CDP in 2020. This is in addition to the over 920
cities, states and regions who disclosed in 2019, making CDP's platform one of
the richest sources of information globally on how companies and governments are
driving environmental change. CDP is a founding member of the We Mean Business
Coalition. Visit https://cdp.net/en or follow @CDP to find out more.  
 

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 (four to be
delivered), 26 Suezmaxes (one of which is in a joint venture and two vessels
time chartered in) and 2 FSO
vessels (both owned in 50%-50% joint venture).

Announcement of Q4 Results: Thursday 4 February 2021


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.

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