Danske Bank analysts have picked out Scandinavia's top-performing public shipping companies for environmental, social and governance (ESG) initiatives.

"ESG has not been high on the shipping agenda, but this is changing fast," Anders Redigh Karlsen and Hakon Hjelstuen write in their introduction to the report.

Companies within Danske Bank's coverage
  • Avance Gas
  • Belships
  • BW LPG
  • Norden
  • Flex LNG
  • Frontline
  • Golden Ocean
  • Hafnia
  • Hoegh LNG
  • Ocean Yield
  • Odfjell
  • Stolt-Nielsen
  • Torm
  • Wallenius Wilhelmsen

"In our view, ESG is likely to become a competitive factor as companies face increased scrutiny by authorities and customers."