We adhere to recognised frameworks and governance structures
In response to the increasing expectations from our stakeholders, CTI has become even more transparent in our Environment, Social and Governance (ESG) performance towards investors and customers.
As a global leader in the transport and logistics industry, we need to ensure a high level of transparency and accuracy with our reporting of ESG data. To achieve this, we adhere fully or partially to a number of internationally recognised reporting guidelines, frameworks and indexes. This enables us to monitor and report on our progress towards our sustainability goals.
Task Force on Climate-related Financial Disclosures (TCFD)
By working with TCFD, we provide the reliable information needed by investors and other stakeholders to understand climate-related risks and opportunities faced by our business.
Global Reporting Initiative (GRI)
CTI’s reporting uses the framework outlined by the Global Reporting Initiative (GRI) as guidance for some of our ESG data.
Sustainability Accounting Standards Board (SASB)
We have conducted a cross-referencing exercise to identify where our current reporting aligns with topics and metrics from the SASB ‘Air Freight & Logistics’ Standard relevant for CTI.
Recognition for our work with sustainability
CTI has strong sustainability ambitions, and we consistently work towards developing the standards of our ESG efforts to support our business. In doing so, we have been assessed by the leading international ESG rating agencies, such as MSCI, Sustainalytics, EcoVadis, the Carbon Disclosure Project (CDP), S&P Global, ISS ESG, FTSE Russel and Moody’s ESG Solutions.
Over the years, we have been recognized internationally for our commitment and impact on the sustainability agenda. In 2022, we cemented our position as an ESG leader in the logistics industry even further, raising our score on several ESG ratings. We achieved a milestone elevating our Carbon Disclosure Project (CDP) climate change score from C to B and having upgraded our ESG rating by MSCI ESG Research from A to AA. Further, in 2023 Morningstar Sustainalytics upgraded our already very good ESG Risk Rating from 14.1 to 13.0.
CTI engagement in market transparency and raising environmental standards is also acknowledged by Nasdaq and CTI is being certified as „Nasdaq ESG Transparency Partner’ on annual basis. We are also proud to have been recognized in 2022 with an A rating for our 2021 Sustainability Report in the ESG100. The ESG100 is an annual review of ESG reporting rates for the 100 largest listed companies in Denmark, Norway and Sweden, compiled by Position Green.