GOGL - 2024 Environmental, Social and Governance (ESG) Report

11 Jun 2025 16:22 CEST

Golden Ocean Group Ltd (OSE/NYSE: GOGL) today released its seventh annual ESG
Report.

The 2024 report is prepared in accordance with the Marine Transportation
framework established by the Sustainability Accounting Standards Board (SASB)
and with reference to the Global reporting Initiative (GRI) Standards. The
report covers ESG performance in our operations and value chain, along with how
we manage material sustainability matters for the fiscal year 2024.

Peder Simonsen, CEO, comments: "We continue to deliver on our strategy of fleet
modernisation while maintaining a strong focus on operational efficiency. As a
result, we are pleased to report a 11.7% reduction on CII emissions compared to
the baseline year of 2019, exceeding the 2024 trajectory and remaining on track
for the targeted reduction of 15% by 2026, 30% by 2030 and net zero by 2050."


A copy of the report is attached hereto and available on the Company's website
at www.goldenocean.bm.

For further queries, please contact:

Peder Simonsen, CEO of Golden Ocean Management AS
Telephone: +47 22 01 73 40

Randi Navdal Bekkelund, CFO of Golden Ocean Management AS
Telephone: +47 22 01 73 40



June 11, 2025
Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site

648897_2024 Annual ESG Report.pdf