Climate Change Data

The Shipping Corporation of India Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:927,191 tCO2e/year (Scope 1)
Scope 1 Emissions:927,191 tCO2e/year
Total Energy Consumption:12,085,969.69 GJ/year
Water Consumption:239,988.74 KL/year
Carbon Intensity:0.0000160 tCO2e/INR (Scope 1 & 2)

ESG Focus Areas

  • Environmental Sustainability
  • Workforce Well-being
  • Corporate Governance
  • Community Engagement
  • Safety

Environmental Achievements

  • Compliance with IMO's 0.5% sulphur fuel regulation
  • Installation of Ballast Water Treatment plants on 24 vessels
  • Development of Ship Specific Energy Efficiency Management Plan (SEEMP)
  • Ban on single-use plastics on ships

Social Achievements

  • All Women Officer sailing on MT Swarna Godavari
  • Delivery of 2nd 500 PAX vessels of A&N Administration
  • Provided free booster dose vaccines to eligible beneficiaries
  • Supported Assam flood relief campaign
  • Undertook urban plantation of more than 7,000 plants

Governance Achievements

  • Compliance with DPE guidelines on Corporate Governance
  • Vigilance Awareness Week 2022
  • Implementation of Integrated Management System (IMS)

Climate Goals & Targets

Long-term Goals:
  • Align with IMO’s 2023 GHG Emissions strategy towards 2050
Short-term Goals:
  • 2% improvement in CII annually from 2023 to 2026

Environmental Challenges

  • Volatility in freight rates
  • Bunker procurement exposure
  • Delay in revenue transfer
  • Shortage of senior floating staff officers
  • Global economic instability impacting offshore activities
  • High new building and secondary tonnage prices
  • Uncertainty about renewal of O&M contracts by ONGC
Mitigation Strategies
  • Diversified fleet to exploit demand growth in any segment
  • Longstanding COAs with major Indian oil refineries
  • Revised day rates and introduced MCF across B&T and Offshore vessels
  • Deploying vessels on long-term charters
  • Discussions with various public/private operators to deploy vessels
  • Cost-saving measures in liner services
  • Exploring options for operating small LNG carriers and coastal LNG shipping

Supply Chain Management

Responsible Procurement
  • Sourcing from Original Engine Manufacturers/reputable suppliers
  • Compliance with National and International legislations
  • Maintaining management systems under ISO 9001 and 14001

Climate-Related Risks & Opportunities

Physical Risks
  • Oil spills
Transition Risks
  • Declining cost of renewable energy
  • Growing acceptance of renewable energy sources
Opportunities
  • Use of Biofuels, blended fuel to reduce GHG
  • Investments in alternative technologies and fuels

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISM Code

Awards & Recognition

  • Sagar Samman Awards
  • SKOCH Public Sector Undertaking Award
  • Marex Maritime Women Empowerment Awards
  • Shipping Company of the Year Award
  • Best Employer of the Year (Indian Flag)
  • Best Enterprise Award Navratna Category
  • Recognition for Outstanding Indian Ship Owning Companies
  • Recognition for Outstanding Indian Employers of Seafarers
  • Tanker Operator of the Year Award
  • Lifetime Achievement Award