Teekay Group Joins United Nations Global Compact, the World’s Largest Corporate Sustainability Initiative
September 23 2020 - 3:01PM
Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P.
(Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers)
(NYSE:TNK) (collectively, the Teekay Group) today announced that
they have joined the United Nations Global Compact, the world's
largest corporate sustainability initiative.
The United Nations Global Compact calls for
companies to align their operations and strategies with ten
universal principles in the areas of human rights, labor,
environment, and anti-corruption, and to take action in support of
UN goals and issues embodied in the Sustainable Development Goals
(SDGs).
“We are proud to join the UN Global Compact,
reinforcing our group’s deep, long-standing commitment to
responsible safety and environmental practices,” commented Kenneth
Hvid, Teekay’s President and CEO. “We are fully committed to
further advancing sustainability and responsible business practices
in order to meet the growing expectations of our stakeholders and
global society as a whole. We look forward to continue reporting on
our annual progress to support the UN Global Compact
principles.”
Teekay is joining more than 11,000 companies in
almost 160 countries worldwide that have committed to making the UN
Global Compact and its principles part of their strategy, culture,
and day-to-day operations. Earlier this year, the Teekay Group
published its 2019 Sustainability Report. For more information
about Teekay’s commitment to sustainability, visit
www.teekay.com.
About Teekay
Teekay is a leading provider of international
crude oil and gas marine transportation services and also provides
offshore production. Teekay provides these services primarily
through its directly-owned fleet and its controlling ownership
interests in Teekay LNG Partners L.P. (NYSE:TGP), one of the
world’s largest independent owners and operators of LNG carriers,
and Teekay Tankers Ltd. (NYSE:TNK), one of the world’s largest
owners and operators of mid-sized crude tankers. The consolidated
Teekay entities manage and operate total assets under management of
approximately $10 billion, comprised of approximately 140 liquefied
gas, offshore, and conventional tanker assets. With offices in 10
countries and approximately 5,500 seagoing and shore-based
employees, Teekay provides a comprehensive set of marine services
to the world’s leading oil and gas companies.
Teekay’s common stock is listed on the New York
Stock Exchange where it trades under the symbol “TK”.
About Teekay LNG
Teekay LNG is one of the world’s largest
independent owners and operators of LNG carriers, providing LNG and
LPG services primarily under long-term, fee-based charter contracts
through its interests in 47 LNG carriers, 23 mid-size LPG carriers,
and seven multi-gas carriers. Teekay LNG’s ownership interests in
these vessels range from 20 to 100 percent. In addition, Teekay LNG
owns a 30 percent interest in a regasification terminal. Teekay LNG
is a publicly-traded master limited partnership formed by Teekay
Corporation (NYSE: TK) as part of its strategy to expand its
operations in the LNG and LPG shipping sectors.
Teekay LNG’s common units and preferred units
trade on the New York Stock Exchange under the symbols “TGP”, “TGP
PR A” and “TGP PR B”, respectively.
About Teekay Tankers
Teekay Tankers currently has a fleet of 52
double-hull tankers (including 26 Suezmax tankers, 17 Aframax
tankers and nine LR2 product tankers), and also has four time
chartered-in tankers. Teekay Tankers’ vessels are typically
employed through a mix of short- or medium-term fixed-rate time
charter contracts and spot tanker market trading. Teekay Tankers
also owns a Very Large Crude Carrier (VLCC) through a 50
percent-owned joint venture. In addition, Teekay Tankers owns a
ship-to-ship transfer business that performs full service
lightering and lightering support operations in the U.S. Gulf and
Caribbean. Teekay Tankers was formed in December 2007 by Teekay
Corporation as part of its strategy to expand its conventional oil
tanker business.
Teekay Tankers’ Class A common stock trades on
the New York Stock Exchange under the symbol “TNK.”
For Investor Relations enquiries
contact:
Ryan HamiltonTel: +1 (604)
609-2963Website: www.teekay.com
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