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All our ships have received an ENVIRO, an ENVIRO+ or a CLEAN notation from our classification societies, demonstrating compliance with their stringent guidelines for environmental protection.
This deepened our commitment to utilizing net-zero fuels and lubricants and strengthened our partnership with one of our major customers.
For calendar year we offset 12,754 MT10 of CO2-e via Shell’s portfolio of nature-based solutions.
We believe shared values, common purpose, and the pride of bringing cleaner energy to the world, is why people choose to work and stay at GasLog.
We encourage a continuous learning culture, and all staff are trained in health, safety, social and environmental risks.
He ensured the vessel’s flawless operation and immediately afterwards joined the Methane Alison Victoria to assist with the longpending replacement of another Master.
We believe that equity and inclusion, alongside diversity, is needed to ensure not just equal opportunity but also equal outcomes for our people and better outcomes for our business.
Improving the diversity, equity, and inclusion of our workforce and management team is a business priority, as we believe it improves our access to talent, spurs innovation, enriches deliberations, enhances our ability to relate to our customers and supply chain, and leads to better business results.
Even though our initial area of focus is on gender diversity, we intend to extend our DE&I efforts beyond gender in the future, to encompass inclusion and equity in all aspects of the human condition, and to ensure that current and prospective employees have equal opportunity to enjoy and contribute to the promotion of...
Key actions along these principles include the following: Our annual Code of Business Conduct training has focused on unconscious bias since Appoint a business sponsor to lead and ensure accountability of diversity, equity, and inclusion within the organization 1 Equip and educate people to understand their role in fos...
Measuring and improving our diversity Women make up 39 percent of our shore staff but only 9 percent of the senior leadership.
Introducing more women at sea is a process we started several years ago by ensuring a high proportion of female cadet intake, a welcoming environment onboard, as well as talent acquisitions including the hire of our first female master in 2021.
The Diversity Study Group (DSG) is the first organization dedicated to DE&I in the workplace across the global shipping and maritime sectors.
To further understand unconscious bias and differences in the employee experience between men and women at GasLog, as of surveys will show results along gender lines to understand if females and males have different perceptions of their career opportunities, working environment and culture at GasLog.
Developing our people We invest in training and personal development to ensure our people remain highly competent and prepared to perform well in an environment of changing industry demands.
Initiatives SASB KPIs Appendices HELMEPA GasLog is a proud member of both the Hellenic and the North American Marine Environment Protection Association (HELMEPA and NAMEPA).
HELMEPA, as a UN accredited NGO, has been contributing to the work of the United Nations Environment Program for over years and has also been committed to supporting the UN SDGs.
In ‘International Coastal Cleanup’ initiative, the largest global voluntary event of its kind with over 14 million volunteers worldwide.
The initiative was organized internationally by the US-based NGO Ocean Conservancy, and in Greece by HELMEPA, of which we are a founding member.
The only initiatives started but postponed for completion in pandemic) were those of offices’ water, energy and waste consumption and our business travel emissions’ inventory.
Actively engage with the marine sector community to influence and understand drivers for a more diverse and inclusive work environment.
Run annual diversity survey to gauge gender bias as experienced by shipboard personnel at GasLog.
Run annual diversity survey to gauge gender bias as experienced by shore staff at GasLog.
SLT to introduce Diversity Moment at the beginning of key meetings.
Shore staff awareness and training on office recycling, water and energy conservation policy (lifestyle awareness).
Monitor all office energy, water and waste consumption.
progress Embedded DECARBONIZATION / SASB KPI topic: GHG emissions, Air quality, Ecological impacts, Ship efficiency index Maintain the Energy Conservation and Decarbonization Roadmap (ECR) including the identification of pilot technologies.
Fleet assessment in view of the IMO forthcoming regulations, evaluation of selective energy saving options and evaluation of market-based measures.
Develop a dedicated time charter party (TCP) clause on EEXI/CII and emissions trading, to use in new and, where required, existing TCPs.
SHIP EFFICIENCY INDEX Average EEDI CO2 grams / cargo*nmι: Correction to the 2020 data.
Revised EEDI technical files with natural gas as the main fuel for 2) newbuilds 4.69 5.65 Average fleet EEOI CO2 grams / cargo*nmκ 18.33 18.90 Increased vessels’ utilization.
% of fleet implementing ballast waterν: Progress with our ballast water treatment systems installation and addition of newbuilds with installed ballast water treatment system.
For wholly owned/bareboat fleet and Methane Nile Eagle.
A very serious marine casualty is defined as a marine casualty involving the total loss of the ship, a death, or severe damage to the environment.
(η) Engineering calculations based on consumption and IMO emission factors, for owned/bareboat fleet and Methane Nile Eagle.
(λ) PM, NOX and SOX emissions from the combustion of fuels from owned/bareboat vessels have been calculated based on IMO guidelines.
(μ) For wholly owned/bareboat fleet and Methane Nile Eagle.
(ν) Ships performing ballast water exchange with an efficiency of at least exchange of ballast water have been included.
Initiatives SASB KPIs Appendices Type Opportunities Impact to our business and financials Resource efficiency Technological solutions on energy consumption.
Lower GHG emissions and thus lower exposure to the changes in carbon market costs.
Energy source Higher demand on LNG to replace other more polluting fossil fuels (LNG as the fundamental enabler of the energy transition).
Oil/coal to gas switch improving LNG shipping rates.
Products and services Accelerate innovation that improves efficiency and reduces air emissions, by joining and supporting pilot projects on the development of alternative fuels and the adoption of new technologies.
Markets Access to new markets for LNG as more countries seek to provide cheaper and cleaner energy through importing gas.
Risks Impact to our business and financials Policy and legal Changing international, national, state and local environmental laws, regulations, treaties, conventions and standards in force in international waters, or in the jurisdictional waters of the countries in which our ships operate and in the countries in which ...
Increased costs, such as insurance coverage cost for environmental matters.
Higher emissions of older vessels relative to more modern vessels.
Modification costs to transition to lower emission ships.
Market Prevailing low carbon and renewable energy sources.
Uncertainty of energy sources and of the balance of LNG supply and demand results in increased volatility in the energy market.
Reputation Stigmatization of the LNG sector, considered part of the fossil fuel sector.
Factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (objectives, including with respect to strategic ESG initiatives and goals; (2) changes in the legal and regulatory environment, including environmental, health and safety regulations, and taxe...
Any forward-looking statements speak only as of the date of this green finance framework.
To do this the right way, we are committed to a strong environmental, social, and governance framework that ensures not only our own longterm success, but also leads our industry and stakeholders to a cleaner, safer, and more inclusive sustainable transportation future.
Current trends point to freight and passenger rail activity more than doubling by we can help lead the world to a zero-emission rail future – built on advanced battery electric and hydrogen solutions – that avoids over 300 million tons of carbon dioxide (CO2) a year.
However, there is no single solution to bring about a clean energy economy.
What the world needs from us is the immediate deployment and scaling of the technologies that exist to improve energy and operational efficiency, reduce emissions, and enhance safety, while we continue to push the bounds of sustainable innovation.
At Wabtec, we use our strengths to accelerate our environmental, social, and corporate governance (ESG) actions to better serve our employees, customers, communities and shareholders in more sustainable ways.
In the last two years we have significantly stepped up investment to increase the use of alternative, low-carbon fuels and technologies for the freight and transit sectors, while also developing transformative digital solutions and cutting-edge physical modernizations.
President & CEO and the environment”, 2019, www.iea.org/reports/the-future-of-rail 4 Our FLXdrive™ battery electric technology – a critical step toward a zero-emission locomotive future – emerged from successful pilot tests in 2021 and is already seeing purchase orders across the world, from Rio Tinto, Roy Hill, and Un...
This first-of-its kind technology promises to significantly reduce fuel consumption and greenhouse gas (GHG) emissions.
And, the further adoption of our low-emitting USEPA Tier-locomotives continue to help reduce emissions for our customers.
Another important dimension of our sustainability efforts is ensuring that we support a circular economy by extending the useful life of our products and reducing waste in our operations.
These “modernized” locomotives also have the parallel benefit of being more fuel efficient due to technology upgrades, resulting in fewer emissions.
We also have our Scope emissions and water consumption data verified by a third party.
Our participation in this initiative highlights how our company values respect for human rights, upholds fair, non-discriminatory labor practices, promotes greater environmental responsibility, operates with integrity, and works against corruption.
From improving our own energy and resource efficiency to enhancing the retention and development of our own people, we have plenty of room for continuous improvement.
Demonstrating our commitment to constantly evolve our ESG goals, we are aligning our GHG reduction strategy for our facilities and operations with climate science.
Specifically, we are introducing a near-term absolute GHG reduction goal to reduce our Scope 50% by 2030, from a baseline of 2019.
This target is aligned with the Paris Agreement goals of limiting the effect of global warming to a Earth’s average temperature.
These help us capitalize on market opportunities and reduce safety and environmental risks, while creating value for our customers, employees, and other stakeholders.
Following our initial identification, the highest priority issues were selected based on alignment with key external ESG standards, frameworks, and disclosures used by the Sustainability Accounting Standards Board (SASB), the resource transformation sector, and the industrial machinery and goods industry.
economic, social, and environmental issues, about which Wabtec communicates because they have the highest relative priority for our stakeholders in furtherance of Wabtec’s sustainability goals.
Reducing GHG emissions across Wabtec’s value chain and helping Wabtec partners across their value chain reduce GHG emissions.
This includes reducing major sources of indirect emissions during the procurement and processing of raw materials, during manufacturing and the operation of our facilities, and during product distribution and end use.
billion miles and helped our end-customers eliminate over 138 million metric tons of GHG emissions by choosing rail over truck transportation.
Supporting policies and organizational partners that contribute to the renewable energy transition and the efficient use of natural resources.
Contributing to the success of the energy transition by improving the energy efficiency of Wabtec’s products and operations.
Integrating renewables into Wabtec’s products and operations and enabling the adoption of new and emerging renewable energy and resource management solutions.
Businesses should support a precautionary approach to environmental challenges; environmental responsibility; and 9. encourage the development and diffusion of environmentally friendly technologies.
with Purpose In traveled over 1.8 billion miles and helped our endcustomers eliminate over 138 million metric tons of GHG emissions by choosing rail over truck transportation.
That’s the equivalent of removing over acres of trees.
In line with the UN SDGs, and in support of the clean energy transition, we’re leading the drive toward a more utilized, efficient, and low-carbon rail network.
This includes applying digital technologies to optimize the rail network, delivering a rail ecosystem that uses less fuel and generates fewer emissions, utilizing alternate fuel sources for freight locomotives, and continuing to meet the sustainable transportation needs of growing cities around the world through our Sh...
Our FLXDriveTM battery-electric locomotive will enable emission reductions for our customers.
Our partnerships studying the impact of biodiesel and renewable diesel will allow increased adoption of these sustainable fuels.
We have introduced Green Air refrigerant to help lower the GHG impact of HVAC systems.
And our digital solutions provide optimization that can reduce energy consumption and enable increased capacity, allowing more freight to shift from trucking to lower-impact rail.
Stories of Progress FLXdrive™ Our next-generation equipment and digital solutions to increase fuel efficiency and decrease emissions are the centerpiece of our efforts.
Alternative clean energy technologies are crucial in the fight to reduce GHG emissions.
Throughout the pilot in overall fuel consumption by more than 11% across the train consist.
This is equivalent to more than metric tons of CO2 emissions reduced.
And the FLXdrive™ is already poised to help railways around the world reduce GHG emissions.
In January the purchase of four FLXdrive™ battery-powered locomotives, to support sustainable mining operations in the Pilbara region of Western Australia to help contribute to Rio Tinto’s planned 50% reduction in Scope 1 and 2 GHG emissions by 2030.
The FLXdrive™ batteryelectric locomotives are anticipated to reduce the company’s fuel costs and emissions in double digit percentages per train.
And at the end of National), Wabtec, and Pennsylvania’s Department of Environmental Protection partnered to bring the FLXdrive™ locomotive to CN’s railway, as part of a plan to accelerate North America’s most efficient railways toward a low- to zero-emission locomotive future.
The approximately by 7,300 battery cells, providing Union Pacific with a zero-emission solution for its yard operations.
The railroad to eliminate over 4,000 metric tons of CO2 emissions annually from its rail yards, the equivalent of removing over 800 cars from the highway each year.
Leading in Alternative Fuels In addition to investing in advanced technologies like battery-electric locomotives, we are helping our customers explore low-carbon fuels for their existing assets.
Alternative clean energy technologies and the use of alternative fuels like biodiesel, renewable diesel, and hydrogen are critical levers to reduce environmental impact.