The future is marked by climate change-related extreme weather, biodiversity loss and resource shortages, bringing operational and regulatory challenges that we must navigate.
We are dedicated to reducing our environmental footprint across all business lines, and continuously conduct assessments of climate and nature-related risks while embracing innovation in line with our comprehensive sustainability strategy, Encompass.
As we evolve our approach to environmental stewardship, we emphasise resource efficiency, biodiversity protection, pollution prevention, and waste management.
We collaborate with partners and local communities to achieve a better future for all.
We are committed to building energy and climate resilience across all aspects of our business. By continually assessing climate-related risks and embracing innovative solutions, we aim to minimise our environmental footprint. Our sustainability efforts focus on enhancing resource efficiency, protecting biodiversity, preventing pollution, and managing waste, all of which are integral to our long-term environmental stewardship.
• Support the IMO in its GHG reduction plans for 2050 and endeavour to achieve net-zero emissions with renewables, or carbon neutrality with offsets, for owned vessels and operations, and propose similar measures to shipowners for vessels under our management.
• Take steps to progressively improve CII categories towards “A”.
• Encourage use of reduced-impact fuels on all ships.
• Maintain our certification to the ISO 50001: Energy Management System and ISO 14001: Environmental Management System standards.
• Actively collaborate with shipowners to develop a customised plan designed to improve CII ratings.
• Conduct a climate-related risk assessment to address the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) by 2025.
• Collect consistent energy consumption data in offices and implement an energy reduction plan in 2024.
An important part of managing our environmental impact involves the effective oversight of resources and waste. Our actions in these areas impact the livelihoods and overall health of our stakeholders. Our main focus in managing materials and waste is to ensure responsible procurement and consumption taking into account impacts on water quality, biodiversity and resource depletion.
• Target zero oil pollution incidents.
• Reduce waste generation and increase the amount of garbage and sludge landed to shore for proper disposal.
• Develop a plan to reduce single-use plastic on board by installing purification units or other means for supplying safe drinking water.
• Follow all mandatory schemes at sea and avoid restricted zones to reduce risk of ecosystem disruptions.
• Install reverse-osmosis (R-O) type purification units on all owned ships by 2024.
• Engage suppliers to remove excess packaging from items consumed on ships.
• Comply with the Ballast Water Management Convention (BWMC) to have BWTS installed on all vessels by 2024.
Our significant role in the maritime industry, which accounts for 3% of global GHG emissions, drives our commitment to meaningful environmental change.
Building Climate Resilience – Addressing EU-ETS
We are committed to addressing climate change by helping our clients comply with the EU-ETS, now applicable to maritime transport. We provide comprehensive support for monitoring, reporting, and verifying GHG emissions. As part of this service, we have a dedicated EU-ETS team, drawing experts from our technical, QHSE, legal, insurance, and accounting departments to assist clients in meeting these requirements. Additionally, our innovative technology platform, PARIS 2.0, has been enhanced to accurately assess and manage fuel efficiency, ensure compliance with emission intensity standards, and maintain transparency in our reporting.