Teekay Tankers Ltd..
TNK.US | Sea and coastal freight water transport
Teekay Tankers Ltd. is a leading international provider of marine transportation services, primarily focused on the crude oil and refined petroleum product tanker market. The company owns and operates a fleet of mid-size crude oil tankers, including Suezmax, Aframax, and Long Range 2 (LR2) vessels. ...Show More
Better Health for All
0
Teekay Tankers Ltd.'s core business of marine transportation of crude oil and refined petroleum products has no significant direct positive or negative health impact on users, resulting in a neutral score for health_impact_core and harmful_revenue_share. The company's services do not have direct safety implications for physical or mental health of users, nor does it offer health-related products or services, engage in health R&D, manage health data, or conduct clinical trials, leading to 'not applicable' scores for many KPIs. While Teekay provided COVID-19 vaccinations to seafarers, no quantifiable data on expenditure or donations was available to score preventative_health_measures or global_health_crisis_response.
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A mental health pledge was noted, but pledges are not considered evidence of action or outcomes per the scoring rules.
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Workplace safety and environmental pollution control are explicitly excluded from this value category.
Fair Money & Economic Opportunity
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Teekay Tankers Ltd. is a marine transportation services provider, primarily focused on crude oil and refined petroleum product tanker markets. Its customers are major oil companies, refiners, and traders, not individual consumers. The company does not offer lending, deposit, or other financial services to consumers. Therefore, all Key Performance Indicators (KPIs) related to 'Fair Money & Economic Opportunity,' which assess financial institutions' impact on consumer financial inclusion and wealth building, are not applicable to Teekay Tankers' core business model.
Fair Pay & Worker Respect
0
No specific, concrete data points were found in the provided articles for any of the 'Fair Pay & Worker Respect' KPIs
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. Information regarding living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage was either explicitly stated as 'no information provided,'
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was qualitative rather than quantitative, or pertained to a subsidiary without company-wide scope.
Fair Trade & Ethical Sourcing
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Teekay Tankers Ltd. reported zero allegations regarding labour and human rights in both 2023 and 2024.
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All reported cases of suspected violations of the company's Standards of Business Conduct were investigated and resolved or closed within 180 days in both 2023 and 2024.
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As a marine transportation service provider, the company does not procure or trade physical commodities, making fair-trade certifications not applicable to its core business.
Honest & Fair Business
-30
Teekay has a Whistleblower Reporting Policy, last approved in November 2025, which includes a secure, anonymous Integrity Line (hotline and web-based tool) processed by an independent organization.
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Multiple reporting channels are available, including direct access to the Audit Committee Chair, and the policy explicitly protects against retaliation.
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Officers, directors, and employees receive annual integrity training.
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The company also has an anti-corruption policy addressed in its Standards of Business Conduct, covering illegal acts, theft, fraud, and misconduct.
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Officers, directors, and employees receive annual integrity training, and the Teekay Group is committed to the United Nations Global Compact.
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Kind to Animals
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The provided article is a general sustainability statement discussing Teekay's ESG strategy. It explicitly states that it does not contain any data relevant to TNK.US or the 'Kind to Animals' ethical value, including quantitative data, regulatory actions, certifications, or specific practices related to animal welfare, testing, sourcing, or conservation initiatives.
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Therefore, no KPIs can be scored based on the evidence provided.
No War, No Weapons
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Teekay Tankers Ltd. was categorized as a "Blocked Person" on September 30, 2019, in connection with U.S. sanctions related to alleged shipments of Iranian oil.
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Following this, the company stated it has no future contracted loadings or discharges in Iran, Syria, or Sudan and intends not to enter into voyage charter contracts for the transport of oil or gas to or from these countries.
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On October 1, 2019, Teekay Tankers also publicly stated its commitment not to trade with Iran and to comply with all trading sanctions.
3
Planet-Friendly Business
0
No specific, quantifiable data points were found in the provided articles for any of the Planet-Friendly Business KPIs.
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Information regarding Scope 1, 2, and 3 emissions, SBTi-aligned targets, percentage of renewable energy used, water use, green building certifications, waste diversion rates, EU Sustainable Taxonomy alignment, lifecycle impact analysis, recycled material ratios, carbon offset quality, climate-positive initiatives, supply chain climate transparency, supplier SBTi targets, biodiversity efforts, deforestation policies, environmental compliance violations, environmental impact assessments, net-zero target year, TCFD alignment, climate scenario analysis, stranded assets transparency, water sourcing from stressed basins, packaging CO2 reduction, climate justice initiatives, just transition programs, or climate adaptation financing was not available.
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While Teekay uses biofuels on some voyages
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and reduced its Energy Efficiency Operational Indicator (EEOI) by approximately 20% over 15 years,
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these do not provide a percentage of total operational energy sourced from renewables or total absolute emissions for TNK.US. An investigation into a Teekay subsidiary for alleged illegal waste export is noted, but this is an investigation, not a recorded violation for TNK.US.
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The 2050 net-zero target mentioned is for the shipping industry as a whole, not a specific company target for TNK.US.
6
Respect for Cultures & Communities
60
Teekay Tankers demonstrates a high proportion of local employment for its sea staff, with 97% in Malaysia, 98% in Croatia, 100% in China, and 96% in Russia in 2023.
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The company also shows strong local procurement, with Teekay Petrojarl (now part of TNK.US) directing 97% of its purchases to local content in Norway, 73% in Brazil, and 68% in the UK in 2011.
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Teekay Tankers reported no cultural appropriation incidents in 2024
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and zero allegations related to labor and human rights in 2023,
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indicating effective preventative systems for cultural incidents. Free, Prior, and Informed Consent (FPIC) processes are not applicable to the company's operations.
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Safe & Smart Tech
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Teekay Tankers has reported zero vessel-related cybersecurity breaches in 2024
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and zero vessel cyber security incidents in 2021,
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indicating no breaches for at least four years. The company manages cybersecurity risks using the NIST framework,
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a 'defense in depth' approach,
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and engaged a third-party for a comprehensive cyber risk assessment and penetration test.
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Teekay maintains an organization-wide Cybersecurity Awareness program,
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including regular phishing exercises,
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and in 2021, 100% of all shore staff received mandatory integrity training.
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The company states it will not sell or share personal information with third parties,
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restricts access to data on a 'need to know' basis,
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and has no documented incidents of unauthorized data use. Users are provided with GDPR rights, including access, correction, deletion, and portability,
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and can unsubscribe from communications.
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Teekay abides by all applicable legal requirements, including GDPR,
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the UK Bribery Act 2010,
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and the US Foreign Corrupt Practices Act of 1977,
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and uses an automated due diligence system for business partners.
16
Zero Waste & Sustainable Products
-30
Teekay Tankers achieved an 84% reduction in onboard single-use plastic drinking bottle consumption in 2022 and eliminated their use in offices.
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The company reported a waste diversion rate of 69.98% in 2024.
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Teekay has maintained a strong compliance record, reporting zero spills greater than one barrel and zero ballast non-compliances in 2022, 2023, and 2024, and zero regulatory non-compliances for ship recycling in 2024.
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For hazardous waste, the company undertakes detailed mapping and intensive cleaning for FPSO recycling, and claims to exceed the Hong Kong Convention standards for ship recycling, despite a past investigation into alleged illegal waste export in 2018.
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Teekay has set company-wide waste reduction targets with timelines, including a 50% reduction in single-use plastic water bottle consumption onboard and elimination in offices by 2023, which was met and exceeded.
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The company implements comprehensive waste requirements for key suppliers, requiring them to implement environmental management programs similar to ISO 14001, and conducts supplier audits focusing on sustainability.
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Teekay has implemented three distinct waste reduction initiatives, including a garbage management plan to achieve zero waste disposed at sea, a single-use plastic reduction program, and green recycling of FPSOs.
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