Swire Shipping Pte. Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:754,648 tCO2e
Scope 1 Emissions:754,648 tCO2e
Scope 2 Emissions:339 tCO2e
Scope 3 Emissions:2,394 tCO2e
ESG Focus Areas
- Thriving Environment
- Thriving People
- Thriving Partners
Environmental Achievements
- Overall reduction of 99.67% of Scope 1 GHG emissions from the 2018 baseline.
- 64.69% year-on-year reduction of single-use plastic water bottles on vessels.
- EEOI figure at the end of 2022 was 11% below the target.
- 8,400 metric tonnes of fuel savings and avoidance of 26,150 tCO2 emissions through energy efficiency technologies.
- 165.22 tonnes of recyclable waste shipped out of Pacific Island Countries & Territories (PICTs).
Social Achievements
- Lost Time Injury Frequency Rate (LTIFR) of 0.65 per million manhours.
- Total Reportable Case Frequency Rate (TRCFR) of 1.30 per million manhours.
- Over 100,000 beneficiaries in key stakeholder communities.
- 117 shore-based employees spent 343 hours volunteering.
- Over USD 633,000 in donations to charitable and non-charitable organizations.
- Launched a University Bursary Scheme supporting two youths.
Governance Achievements
- Zero corruption cases and sanctions.
- One fine issued (details in Governance section).
- Sapphire recognition tier for four years in a row in the Protecting Blue Whales and Blue Skies programme.
- Westwood Shipping Lines Inc. received the Port of Vancouver’s 2022 Blue Circle Award.
- Swire Shipping conferred the Environmental, Social and Corporate Governance Award at the Seatrade Maritime Awards 2022.
Climate Goals & Targets
Long-term Goals:
- Net Zero GHG emissions by 2050.
- Use 100% of near zero emissions fuels in the operated fleet by 2050.
- 10% female seafarers by 2026.
Medium-term Goals:
- 50% reduction of carbon intensity by 2030 compared to the 2015 baseline.
- Use 5% of near zero emissions fuels in the operated fleet by 2030.
- 30% female senior managers by 2025.
Short-term Goals:
- Emissions reductions from using 2% of near zero emission fuels or equivalent savings from EET by the end of 2027.
- Launch one leading decarbonisation initiative with specific relevance to the Pacific Islands by December 2023.
- Establish framework for identifying critical suppliers by the end of 2023.
Environmental Challenges
- Increased Scope 1 emissions due to increased number of vessels and trade patterns.
- Low percentage of female senior managers (21.8% in 2022).
- Low percentage of female seafarers (4.5% in 2022).
- Challenges associated with combining units between different trades for EEOI reporting.
- Supply chain disruptions and challenges related to decarbonization.
Mitigation Strategies
- Developed a Decarbonisation Roadmap with short, medium, and long-term targets.
- Investing in a modern, environmentally responsible fleet.
- Implementing fleet efficiency measures and KPI scorecards.
- Implementing energy efficiency technologies (EET).
- Exploring alternative fuels and supply chains.
- DEI strategy, including setting KPIs for female representation.
- Working with WISTA to increase female participation in maritime.
- Implementing new methodology and units for future EEOI reporting.
- Establishing a Fleet Efficiency team to measure and improve fleet efficiency.
Supply Chain Management
Supplier Audits: 7 material suppliers assessed in 2022
Responsible Procurement
- Supplier Code of Conduct
Climate-Related Risks & Opportunities
Transition Risks
- Regulatory changes, market shifts, development of alternative fuels
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI Sustainability Reporting Standards (Universal Standards 2021)
UN Sustainable Development Goals
- 3, 5, 8, 10, 12, 13, 14, 16, 17
Awards & Recognition
- Seatrade Maritime Awards 2022 Environmental, Social and Corporate Governance Award
- Westwood Shipping Lines Inc. received the Port of Vancouver’s 2022 Blue Circle Award