Fair Money & Economic Opportunity

Scorpio Tankers is a marine transportation company, not a financial institution. Its core business does not involve providing lending, deposit, or other financial services to consumers or underserved communities. Therefore, all KPIs related to financial products, customer lending, fee structures, financial data, and financial literacy programs for external customers are not applicable. While the company offers employee benefits such as a voluntary long-term savings program with a 3% salary match

and provides financial management classes for seafarers' families , these are internal human capital initiatives and do not fall under the scope of 'Fair Money & Economic Opportunity' as defined by the rubric for financial services.

Fair Pay & Worker Respect

Scorpio Tankers demonstrates strong employee engagement, with an overall employee rating of 4.3 out of 5 stars (86%) based on employee reviews

. 90% of employees would recommend working at the company . This rating is 22% above the average for the Transportation & Logistics industry . The company also holds a Great Place to Work Certification . Specific areas like Compensation & Benefits and Culture & Values both received 4.0 out of 5 stars . The Code of Ethics commits to fair, safe, and equitable working conditions, freedom of association, and collective bargaining, referencing international frameworks like the ILO Maritime Labour Convention . Board oversight of human capital management is noted with quarterly updates on compliance and workforce-related risks . However, some employee feedback indicated concerns regarding 'salary less as compared to the market' and feeling 'undervalued' .

Fair Trade & Ethical Sourcing

The provided articles, including the 2024 Annual Report

and various Code of Ethics documents, outline Scorpio Tankers' general commitments to ethical conduct, human rights, labor practices, and supply chain monitoring . However, they do not contain any specific quantitative data or metrics related to fair trade certifications, supplier audit frequencies, substantiated forced or child labor incidents, supply chain traceability coverage, remediation speed for violations, percentage of contracts with ethical sourcing clauses, share of spend on high-risk materials, or procurement budget directed to diverse suppliers . Therefore, no KPIs under the 'Fair Trade & Ethical Sourcing' value can be scored based on the evidence provided.

Honest & Fair Business

Scorpio Tankers reported zero ethics-related regulatory fines in 2021

and 2023 , with no non-monetary sanctions in 2023 . The company maintains a comprehensive anti-corruption, anti-bribery, anti-fraud, and anti-money laundering policy , abiding by laws such as the UK Bribery Act and US FCPA . Formal and ongoing anti-corruption training is provided , and the company is an active member of The Maritime Anti-Corruption Network (MACN) , following its principles including risk assessments, robust internal controls, and thorough due diligence . Zero corruption or bribery incidents were reported in 2021 . A formal whistleblower policy, effective since October 2017 , is in place, offering multiple reporting channels including an anonymous EthicsPoint hotline , protection against retaliation , and annual review by a Compliance Committee . No financial restatements were indicated in the Form 20-F for the fiscal year ending December 31, 2024 . The Board of Directors consists of eight directors , with five (62.5%) determined to be independent under NYSE standards .

Kind to Animals

Scorpio Group actively participates in the voluntary Protecting Blue Whales and Blue Skies Vessel Speed Reduction (VSR) program.

In 2023, Scorpio received a Gold tier award for sailing 10 knots or less across 60% of its fleet. One vessel, STI ESLES II, demonstrated 99.2% compliance with speed reduction in the Stellwagen Bank National Marine Sanctuary in 2023. The company also holds NOAA Right Whale Corporate Responsibility Certification.

No War, No Weapons

Scorpio Tankers' core business is marine transportation of refined petroleum products, with no evidence of involvement in arms or defense contracts, controversial weapons, or related technology development. The company reported that no vessels called on ports in sanctioned jurisdictions in violation of applicable sanctions laws during 2023.

It also states an intention to maintain compliance and has a recordkeeping and attestation process related to the price cap on seaborne Russian oil.

Planet-Friendly Business

Scorpio Tankers has set a net-zero emissions target year of 2030.

The company aims to reduce carbon intensity by 40% by 2030, relative to 2008 levels, and expects to reduce greenhouse gas emissions by 100,000 tons annually through the implementation of the FOWE Cavitech™ system. Operationally, 100% of its existing fleet is equipped with Ballast Water Management systems, and 85% of its tonnage employs exhaust scrubbers. New vessels are designed to meet the IMO 2050 GHG reduction target.

Respect for Cultures & Communities

The provided articles primarily focus on Scorpio Tankers' environmental sustainability efforts

, operational efficiency , and general ESG commitments, including seafarer safety and ethical treatment of employees . However, they do not contain specific, quantitative data points related to formal partnerships with indigenous or local community groups, revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, community complaint resolution times, FPIC processes, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion.

Safe & Smart Tech

The provided articles, including the 2023 and 2024 Annual Reports

, and the 2024 Sustainability Report , do not contain specific, concrete data points or information related to data protection, cybersecurity, or AI ethics. There is no evidence regarding data breaches, cybersecurity investment, privacy certifications, security training effectiveness, encryption implementation, AI ethics governance, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing coverage, data minimization, or digital rights advocacy. While general compliance with maritime and environmental regulations is discussed , , there is no explicit reference to compliance with specific privacy regulations such as GDPR or CCPA. Therefore, all KPIs for Safe & Smart Tech must be omitted due to a lack of relevant evidence.

Zero Waste & Sustainable Products

Scorpio Tankers achieved a 100% reduction of single-use plastic water bottles on its vessels

, diverting over 1 million plastic bottles annually by Q1 2022 through water filtration units, reusable bottles, and Tetra Pak options . This is part of multiple waste reduction initiatives , which also include the removal of other single-use plastics like cutlery and the replacement of plastic wrap with biodegradable alternatives . The company set a quantitative target for 100% elimination of plastic water bottle use by the end of 2023 . Furthermore, suppliers are required to prioritize biodegradable packaging and implement take-back programs for packaging waste . However, one isolated incident of improper waste disposal was reported in 2024 , which also constitutes an incident of improper hazardous waste management .