Steerprop, a leading provider of advanced propulsion systems for demanding marine environments, has released its latest Sustainability Report, reinforcing its long-standing commitment to responsible business practices and environmental stewardship. The report outlines key advancements made in 2024 across environmental, social, and governance (ESG) dimensions.
A Year of Progress and Partnership
Throughout 2024, Steerprop focused on refining how it measures and reports ESG performance. This included enhanced carbon footprint calculations and increased transparency for customers seeking to align with sustainability goals. The company also prepared for upcoming regulatory frameworks, such as the Corporate Sustainability Reporting Directive (CSRD), further solidifying its role as a forward-looking partner in the maritime sector.
We continue to strengthen our environmental, social, and governance commitments by working closely with our supply chain, customers, and partners,” said Riku-Pekka Hägg, CEO of Steerprop. “These efforts improve not only our environmental and social performance but also support our agility and competitive advantage in a rapidly evolving market.
Driving Innovation for Sustainable Marine Operations
Innovation remains a cornerstone of Steerprop’s sustainability strategy. Key developments in 2024 include:
- Energy Efficiency Improvements: Enhancements to propulsion systems have delivered energy savings of 4% to 14%, contributing to reduced fuel consumption and emissions.
- Integrated Tunnel Thruster Solutions: By embedding tunnel thrusters within complete propulsion systems, Steerprop has reduced power requirements and component sizes — driving further energy efficiency.
- Ultra Clean Oil Solution: The launch of Steerprop’s Ultra Clean Oil solution marks a leap in circular economy practices by extending oil change intervals and reducing waste oil.
- Collaboration for Cleaner Cruise Travel: Steerprop is a proud partner in the NecoProp co-innovation project, aiming to develop a highly efficient propulsion concept for large cruise ships. The initiative targets a 10% efficiency improvement over the best available technologies, significantly contributing to greenhouse gas (GHG) reduction.
Elevating Ethical Business Practices and Employee Well-Being
Steerprop has also embedded ethical standards throughout its operations and supply chain. All approved suppliers comply with ISO 9001, ISO 14001, and ISO 45001 certifications. The updated Code of Conduct emphasizes environmental responsibility, safe working conditions, fair employment, and human rights.
Recognizing employees as the foundation of long-term success, Steerprop continues to invest in creating an inclusive and supportive workplace. Its commitment to health, safety, and equal opportunity is backed by a robust HSE management system and a culture that values purpose-driven innovation.
Link to the full report in PDF format: Steerprop Sustainable Report 2024
