Climate Change Data

Zodiac Maritime Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:3,889 thousand metric tonnes CO2 (2023)
Waste Generated:10,400 cubic meters garbage (2023)

ESG Focus Areas

  • Health
  • Safety
  • Environment
  • Governance
  • Decarbonization

Environmental Achievements

  • Zero oil spills in 2023
  • Zero container loss at sea for the fifth consecutive year
  • Significant improvement in AER and EEOI, primarily due to energy conservation practices and technology upgrades
  • Successful compliance with EEXI regulation across the fleet
  • Addition of a newbuild dual-fuel LPG tanker to the fleet

Social Achievements

  • Improved LTIF performance
  • High employee retention rate (5.5% turnover in Head Office)
  • High seafarer retention rate (74% overall, 87% for senior officers)
  • Launch of a pilot redesigned engine rating to officer program
  • Rollout of the Ocean Learning Platform across the fleet

Governance Achievements

  • Zero tolerance policy for bribery and corruption
  • Enhanced cyber security measures
  • High PSC 'clean inspection' rate (70%)
  • 22 vessels qualified for US Coast Guard's Qualship 21 initiative

Climate Goals & Targets

Long-term Goals:
  • Reach net-zero GHG emissions by or around 2050 (in line with IMO's enhanced common ambition)
Medium-term Goals:
  • Reduce total GHG emissions by 20%, striving for 30%, by 2030 (relative to 2008 figures)
  • Further improve energy efficiency through technology upgrades and operational measures
Short-term Goals:
  • Reduce refrigerant gas losses

Environmental Challenges

  • Global geopolitical instability impacting maritime industry
  • Increased cyber threats
  • Maintaining seafarer health and wellbeing during extended periods at sea
  • Meeting IMO GHG emission reduction targets
  • Compliance with evolving environmental regulations
Mitigation Strategies
  • Flexible approach and agile response to challenges
  • Investment in vessel and equipment retrofits
  • Exploration of new energy-efficiency technologies
  • Implementation of energy conservation practices (SEEMP I and SEEMP III)
  • Addition of vessels using alternative fuels (LNG and LPG)
  • Robust safety management system and training programs
  • Improved connectivity onboard for crew
  • Proactive approach to fighting bribery and corruption
  • Enhanced cyber security program and training

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 9001, ISO 14001, ISO 45001, ISO 50001, MARPOL Annex VI, IMO GHG Strategy, EU Emissions Trading System (ETS), IMO Ballast Water Management Convention, IMO Biofouling Guidelines, Hong Kong International Convention

Third-party Assurance: LRQA Group Limited