Frontline Ltd..
FRO.US | Sea and coastal freight water transport
Frontline Ltd. is a leading international tanker company engaged primarily in the seaborne transportation of crude oil and petroleum products. The company owns and operates a large fleet of VLCC (Very Large Crude Carrier) and Suezmax tankers, providing transportation services to oil producers, refin...Show More
Better Health for All
0
No evidence was found in the provided articles that directly addresses Frontline Ltd.'s impact on 'Better Health for All' as defined by the rubric. The articles discuss the company's decarbonization strategy and financial performance, and one article details health impacts related to oil extraction activities in the Ecuadorian Amazon
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, but this is not attributed to Frontline Ltd.'s seaborne transportation operations. Therefore, no KPIs can be scored.
Fair Money & Economic Opportunity
0
Frontline Ltd. is a tanker company, and its core business is the seaborne transportation of crude oil and petroleum products.
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For fair_lending_compliance, the company is explicitly stated as not being a lending institution.
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Similarly, for debt_burden_ratio and product_simplicity, the articles state these KPIs are not applicable.
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For all other KPIs related to financial services, lending, or economic opportunity for underserved populations, the provided articles contain no specific, concrete data points, leading to their omission from the scoring.
Fair Pay & Worker Respect
30
The 2023-2024 Gender Pay Gap Report for Frontline Limited indicated that women earned 78p for every £1 earned by men in median hourly pay.
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In contrast, Frontline reported that 100% of its seafarers were covered by collective bargaining agreements in 2023.
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The company's Lost Time Injury Frequency (LTIF) was 0.33 in 2023, with zero marine casualties and zero very serious marine casualties reported for 2021-2023.
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The onshore employee turnover rate for 2023 was 5%.
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Furthermore, in 2023, Frontline reported no recorded incidents of severe human rights issues, no reports of discrimination or harassment, and no significant irregularities from crew payment testing.
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The company also reported zero human or labour rights incidents in 2021, and zero fines or non-monetary sanctions for non-compliance with laws or regulations in 2020 and 2021.
6
Fair Trade & Ethical Sourcing
0
No evidence available to assess Frontline Ltd. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
No specific, concrete data points for Frontline Ltd. (FRO.US) were found in the provided articles for any of the KPIs. The articles discuss general regulatory actions, financial issues, and legislative efforts related to other companies or government agencies, or explicitly state that no data is provided for Frontline Ltd.'s corporate governance practices.
1
Kind to Animals
0
No information related to Frontline Ltd. or the ethical value 'Kind to Animals' was found in the provided articles. The articles explicitly state that no data is present for any of the relevant metrics, such as cruelty-free certifications, animal testing policies, animal welfare metrics, or wildlife conservation impact.
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Therefore, all KPIs are omitted due to lack of evidence.
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No War, No Weapons
0
The company states it acts in accordance with and incorporates the UN Guiding Principles for Business and Human Rights into its operations and ESG framework
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, reporting no recorded incidents of severe human rights issues in 2023.
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It has a Sanctions Policy and a Know Your Business Partner policy
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, actively monitoring its fleet on an ongoing basis for proximity to sanctioned areas and following up on alerts
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, and has introduced measures to avoid conflict zones such as the Red Sea.
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As a tanker company, it is not involved in exporting goods that require end-user certificates and is not subject to the Arms Trade Treaty.
6
Planet-Friendly Business
-50
Frontline Ltd. does not have SBTi-validated carbon reduction targets, instead committing to the IMO’s targets of reducing GHG emissions by at least 20% by 2030 and 70% by 2040, and reaching net-zero by or around 2050.
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The company reported zero oil spills, environmental releases, or fines for 2020, 2021, 2022, 2023, and 2024.
2
Frontline uses the TCFD framework for assessing climate-related risks, including climate scenario analysis based on the most likely climate scenarios developed by the IPCC and incorporated in the IEA World Energy Outlook reports, assessing risks in short, medium, and long-term perspectives.
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It also assesses how investment strategies may be impacted by stricter environmental regulations and physical climate risks, acknowledging that the value of its physical assets may be affected by emission regulations and customer expectations.
4
Respect for Cultures & Communities
0
The provided articles, including Frontline plc's 2024 ESG report, do not contain specific, concrete data points or information related to the company's respect for cultures and communities
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. There is no evidence regarding formal partnerships with community groups, reinvestment in local development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms for community concerns, or any other KPI under this ethical value
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. The articles primarily focus on environmental performance, fleet efficiency, worker safety, and general compliance
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, explicitly noting a lack of data on community engagement and cultural impact
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Safe & Smart Tech
10
Frontline holds SOC 2 Type II and Texas RAMP certifications, demonstrating a strong compliance program.
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The company states compliance with numerous privacy regulations including GDPR, CCPA, FERPA, HIPAA, PIPA, COPPA, and California's Shine the Light and Eraser laws.
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Users have good control over their personal data, able to review, change, and update information through account profiles, and request deletion via email.
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Frontline explicitly references Privacy by Design principles and NIST's Cyber Security Framework in its privacy program.
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For encryption, industry-standard SSL/TLS technology is used for payment transactions, account registration, sign-in, and data in transit and on infrastructure.
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The company conducts unit and integration tests with every code update.
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Data is retained as long as the customer uses the service or as needed for educational purposes, with deletion available within 30 days upon request or promptly after account termination.
9
Zero Waste & Sustainable Products
0
The company's 2024 ESG report provides general statements regarding waste reduction targets and compliance with environmental regulations.
1
However, it lacks specific, quantitative data on waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, supplier waste requirements, or customer waste education.
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