Climate Change Data

Swire Bulk Pte. Ltd.

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:1,840,063 tCO2e/year
Scope 1 Emissions:1,840,063 tCO2e/year
Scope 2 Emissions:382 tCO2e/year
Scope 3 Emissions:2,514 tCO2e/year
Total Energy Consumption:6,860,425,510 kWh/year
Waste Generated:217.83 tons/year
Carbon Intensity:EEOI (Energy Efficiency Operational Indicator)

ESG Focus Areas

  • Governance
  • Safety
  • Our People
  • Our Partners
  • Our Environment

Environmental Achievements

  • Reduced CO2 emissions by 8.3% year-on-year despite a 4.55% increase in the number of vessels.
  • Reduced Single-Use Plastic Water Bottles (SUPWBs) consumption by 99.59% year-on-year in Swire Shipping fleet and 41.58% year-on-year in Swire Bulk fleet.
  • Achieved 100% compliance with Port of Long Beach's Green Flag Programme.
  • Installed 28,000 environmentally friendly LED tubes on ~40 vessels, reducing CO2 emissions by as much as 10,000 tonnes within five years.
  • Shipped out 217.83 tonnes of low-value recyclable waste through the Moana Taka Partnership.

Social Achievements

  • Introduced virtual global townhall meetings for shore-based and seagoing employees.
  • Supported the project 'Delivering on seafarers’ rights'.
  • Signed the Neptune Declaration on Seafarer Wellbeing and Crew Change.
  • Partnered with Befrienders Worldwide to offer emotional support for employees.
  • Formed a Diversity and Inclusion (D&I) Council and Employee Action Groups (EAGs).

Governance Achievements

  • Implemented an online Corporate Governance System (CGS).
  • Introduced a Modern Slavery Policy.
  • No legal actions for anti-competitive behaviour, anti-money laundering, anti-trust, or monopolistic practices.

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon footprint to zero by 2050.
Medium-term Goals:
  • Reduce carbon footprint by 50% from 2018 baseline by 2030.
Short-term Goals:
  • Return to an even keel, managing disruptions from COVID-19.

Environmental Challenges

  • Crew change crisis caused by COVID-19.
  • Supply chain disruptions due to the COVID-19 pandemic.
  • Difficulties in reducing carbon emissions from burning fossil fuels.
  • Slow progress on diversity and inclusion.
Mitigation Strategies
  • Increased internet bandwidth on vessels.
  • Implemented contactless port call protocols.
  • Provided cash advances to seafarers stranded at home.
  • Extended daily internet usage cap for seafarers.
  • Introduced a COVID-19 care monthly messing package.

Supply Chain Management

Supplier Audits: Audits focused on bunker suppliers; wider program planned for future.

Responsible Procurement
  • Supplier Code of Conduct
  • Modern Slavery Policy
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • More energetic weather systems
  • Damage to coral reefs
  • Changes in food production
  • Sea level rise
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards: Core option, ISO 26000:2010

Third-party Assurance: Lloyd’s Register (for emission data); Verifavia (for EU MRV data)

UN Sustainable Development Goals

  • SDG 3
  • SDG 5
  • SDG 7
  • SDG 8
  • SDG 10
  • SDG 12
  • SDG 13
  • SDG 14
  • SDG 16
  • SDG 17

Detailed explanation of alignment with SDGs provided in the report.

Sustainable Products & Innovation

  • New class of sail-assisted cargo freighters (Project Cerulean)

Awards & Recognition

  • Environmental Innovation Award (Seatrade Maritime Awards 2020)
  • Award for sea rescue

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1,507,486 tCO2e/year
Scope 1 Emissions:230,701 tCO2e/year
Scope 3 Emissions:1,313,081 tCO2e/year
Renewable Energy Share:0%

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Zero spills to the marine environment in 2021
  • Reduced SUP water bottles used onboard by 79% from 2018 baseline to 31st December 2021.
  • 2,822 metric tonnes of fuel savings and reduction of 8,788 tCO2 emissions through fleet optimization

Social Achievements

  • Zero fatalities and 0.17 LTIFR.
  • 93.3% retention rate for shore-based employees.
  • 12 grievances reported, 7 substantiated and addressed.

Governance Achievements

  • Zero corruption cases.
  • Became the first shipping company to be awarded VIVE “Claim” Level in the VIVE Shipping Module in 2020.
  • Joined the Maritime Anti-Corruption Network (MACN) in early 2022.

Climate Goals & Targets

Long-term Goals:
  • Net Zero for Scope 1 and 2 emissions by 2050
Short-term Goals:
  • Reduce EEOI score more aggressively than the IMO’s current target (40% carbon intensity reduction by 2030 compared to 2008).

Environmental Challenges

  • Decarbonisation in the shipping sector
  • Crew changes during the pandemic
  • Maintaining responsible stewardship of biodiversity
  • Supply chain transparency and reporting
  • Data privacy and cybersecurity
Mitigation Strategies
  • Retaining a young and fuel-efficient fleet, reducing ballast days, and working with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) and Global Centre for Maritime Decarbonisation (GCMD)
  • Prioritizing crew changes and managing crew health, welfare, and repatriation
  • Implementing high-level policies (Biodiversity, Environmental and Sustainable Development Policies), BIC and BAP manuals, and compliance with local laws and regulations in marine protected areas.
  • Conducting due diligence on suppliers and supply chain partners, implementing a Supplier Code of Conduct, and participating in the VIVE Sustainable Supply Programme.
  • Implementing Information Security and IT System Governance Policies, conducting information security risk assessments, and providing relevant education and training to users.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct
  • Third-party due diligence

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

UN Sustainable Development Goals

  • SDG 3
  • SDG 5
  • SDG 13
  • SDG 14
  • SDG 16

Aligned with UN SDGs related to health, gender equality, climate action, life below water, and peace, justice, and strong institutions.

Sustainable Products & Innovation

  • Custom-built container with HME filter

Awards & Recognition

  • VIVE “Claim” Level in the VIVE Shipping Module