Øistein Jensen CSO Odfjell
He is adamant that the transition must not solve shipping’ s problem by creating another one elsewhere. Green electricity, for example, is likely to be a scarce resource for years to come.“ If we use green energy to produce fuel in an inefficient way, we might take that energy away from someone who can use it better,” he says.
Odfjell does not expect a single fuel to emerge as the universal answer.“ We don’ t think there will be one solution,” Øistein continues.“ We are trying to be as flexible as possible and do whatever we can today with the technology that is available.”
Sustainability reporting and regulation Beyond technical change, shipping companies face a fast-moving landscape of sustainability reporting requirements. Odfjell is subject to the EU’ s Corporate Sustainability Reporting Directive( CSRD), which mandates detailed disclosures. Among these are double materiality assessments that examine both financial and impact materiality. For Odfjell, this is more an evolution than a revolution.
“ We have been very forward-leaning on reporting,” Øistein says. The company has carried out climate risk assessments and double materiality analysis for
60 May 2026