Contribution to Sustainable Development Goals (SDGs)
The Company aims to support the United Nations’ Sustainable Development Goals (SDGs). The Company integrates these goals into its business operations to ensure that the Company’s growth takes place in a sustainable manner.
The Company is committed to meeting the UN’s Sustainable Development Goals particularly in relation to the promotion of good health and well-being; quality education; gender equality; decent work and economic growth; climate action; peace, justice and strong institutions; and partnerships to achieve the goal. These goals are integral to the long-term sustainability of the Company.
| Materiality Topics | Key Stakeholders | Our Commitments | Targets 2030 | Our efforts | SDGs |
| Risk and opportunities arising from climate change. | · Regulators · Shareholders · Investors · Communities & Society | To identify and assess the impact of extreme climate changes. | · Incorporate climate change & natural disaster scenarios into our Risk Management Framework. | · Introduce TCFD framework and support transparent reporting of climate change related risks. |  |
| Carbon footprint & Emissions | · Regulators · Charterers · Shareholders · Investors · Communities & Society | To reduce carbon footprint and harmonize the Company’s efforts towards environmental conservation. | · Reduce CO2 emissions per transport work (ton DWT) at least 40% by 2030, compared to 2008. · Becoming a player in new energy transportation and supply that supports Decarbonization and carbon neutrality. | · Joined Getting to Zero coalition, an industry group formed to jointly develop commercially viable zero-emission Vessels. · Reduced CO2 emissions per transport work (ton DWT) in 2021 by 32.87 %, compared to 2008. · All vessels in the fleet are weather routed so as to save on fuel consumption as well as increase safety. · Achieved 5% savings in energy consumptions and emissions per vessel, by installing wake equalizing ducts on 11 vessels in the fleet. | |
| Effluents & waste | · Regulators · Communities & Society | To protect and conserve the environment and to rank environmental considerations equally with commercial and operational factors. | · Recycle ships in an environmentally responsible manner. · Reduce the fresh water received from ashore by at least 25% in 2029, compared to 2019 as the baseline year. · Maintain zero oil spills. | · While no vessels were recycled during the period, all vessels have been audited by Recognized Organizations and issued an “Inventory of Hazardous Materials” certificate, thus ensuring that if/when any of the vessels are recycled, they are done so in an environmentally safe and sustainable manner. |
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| Anti-Corruption | · Employees · Charterers · Suppliers · Regulators | To conduct business ethically with a zero-tolerance approach to bribery and corruption. | · Maintain zero incidents of corruption. | · Provide training sessions for employees (covered 100% of employees). · Promote our policy to employees and suppliers. · There were no cases of ethical breach reported in 2021. |  |
| Economic Performance | · Shareholders · Employees · Investors | To create, preserve and enhance long term value for our shareholders. To be good stewards of Capital. | · Build long term value through sustainability · Control operational cost. · Focus on customer needs and on exceeding their expectations. | · Yearly evaluation of operational performance and efficiency. · Consider investment in new technologies to improve operational efficiency. |  |
| Training & Educations | · Employees · Communities & Society | To reinforce positive attitudes towards health & safety and to amplify the competence and skills of our employees by conducting a range of in-house training and development programs for employees across the organization. | · Regularly update or develop an internal training program for all crew members. · Focus exercises designed to improve navigational skills and awareness by putting officers through various weather, sea, and port conditions. | · A total of 1,444 sea going officers and crew members attended a total of 16 courses that were conducted online and 4 courses that were conducted at our training centre in Bridge Team Competency during the year. · In addition, 527 seafarers underwent a cybersecurity course. | . |
| Occupation Health & Safety | · Employees | To conduct business with the highest standards of safety, occupational, and health conditions. | · Achieve zero work-related fatalities. · Stabilize lost-time injury rate at below 0.30 (per 1 million hours worked). | · Ensured a safe and healthy work environment through various anti-pandemic measures. · Implementation of remote working to ensure the safety and well-being of employees during the pandemic. |  |
| Diversity and Equal Opportunity | · Employees · Suppliers · Regulators | To be a fair and caring employer offering its staff equitable opportunities to develop and grow. | · Promote a diverse workforce with an inclusive culture. | · Established Diversity and Inclusion Policy. |  |
