ENVIRONMENTAL POLICY

Environmental Policy

We commit to integrate sustainable development in our operations and apply environmentally friendlier business practices, in order to reduce, where feasible, our environmental impacts.

Strategic Principles

  • We will adopt a strategy that balances our responsibility to the environment, our passengers, our shareholders and broader stakeholders
  • We will continue to adopt the leading ESG reporting standards to ensure transparency and continuous improvement
  • In the near term, we will make changes to current operations and schedules to reduce emissions and the cost of compliance, while minimising the impact on our market share, passengers and shareholders
  • In the near term, we will introduce proven ESD technologies that provide the highest potential benefits to incrementally reduce energy consumption and emissions
  • In the near term, we will enhance our risk management practices to address the perceived fuel and EUA price volatility related to political, supply, demand and technological uncertainties
  • In the medium term, we will ensure that our existing fleet and newbuilds have fuel flexibility, by investing and developing partnerships in options that can utilise both traditional and alternative fuels
  • In the medium term, we will develop our customer proposition and product segmentation to incorporate the increasing focus on emissions
  • In the long term, we will work toward adoption of Zero Emission Vessels through involvement in initiatives to support electrification and hydrogen fuels

 

We follow

The following Principles of the United Nations’ Global Compact:

7: Support a precautionary approach to environmental challenges

8: Promote greater environmental responsibility

9: Encourage development and diffusion of environmentally friendly technologies

We contribute

To the following United Nations’ Sustainable Development Goals:

6: Ensure access to water and sanitation for all

7: Ensure access to affordable, reliable, sustainable and modern energy for all

12: Ensure sustainable consumption and production patterns

13: Take urgent action to combat climate change and its impacts

14: Conserve and sustainably use the oceans, seas and marine resources

15: Sustainably manage forests, combat desertification, halt and reverse land degradation, halt biodiversity loss

For more information, please refer to our Responsibility and Sustainability Report here

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