Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Other Air Pollution
• Ecosystems and Biodiversity
• Employee Health and Safety
• Non-discrimination and Equality
• Business Ethics and Anti-corruption
• Human Rights

Environmental Achievements

• Seaspan received an Honorable Mention for the Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence from the United States Coast Guard
• Seaspan achieved ISO 14001:2015 certification
• Seaspan reduced the number of oil spills by 77% (as of December 31, 2020)
• Seaspan has not lost a container at sea since 2012
• Seaspan reduced the volume of plastic waste from vessels

Social Achievements

• Seaspan reduced its Lost Time Injury Frequency (“LTIF”) rate by 69% to 0.47 over two years
• APR’s Lost Time Injury Rate (LTIR) averaged 1.08 over the past four years (2017-2020)
• Seaspan achieved 97.3% seafarer retention rate
• APR assisted approximately 600 families with donations of nutritious food in Bangladesh

Governance Achievements

• 100% of onshore employees have signed the annual recertification of the Standards of Business Conduct Policy
• All onshore employees across all entities are required to certify compliance with key policies

Climate Goals & Targets

Environmental Challenges

• Climate change and its impact on shipping emissions
• Air pollution from ship emissions
• Maintaining biodiversity in marine ecosystems
• Ensuring seafarer safety
• COVID-19 pandemic impact on seafarers and operations
• Maintaining ethical business conduct and preventing corruption

Mitigation Strategies

• Investing in fuel-efficient ships and technologies
• Implementing stricter emission control measures
• Improving ballast water management
• Reducing plastic waste
• Strengthening safety protocols and training
• Providing support to seafarers during the pandemic
• Implementing robust anti-corruption policies and training

Supply Chain Management

Responsible Procurement

• Vendors are vetted for their policy on plastic packaging materials
• Suppliers are required to adhere to Atlas’ Standards of Business Conduct Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Stricter climate-related regulations

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: UN SDGs, GRI, SASB

Certifications: ISO 14001:2015, ISO 45001

Third-party Assurance: DNV

UN Sustainable Development Goals

• 5.1
• 6.1
• 6.3
• 7.3
• 8.7
• 8.8
• 10.3
• 14.1
• 14.2
• 14.3
• 16.3
• 16.5
• 17.16

Atlas has mapped its material sustainability topics, business activities, and initiatives against the UN SDGs.

Sustainable Products & Innovation

• Fuel-efficient ships
• Fuel-flexible turbines

Awards & Recognition

• The Asset Triple A Sustainable Capital Markets Regional Awards 2020 – Best Sustainability-Linked Loan
• Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence from the United States Coast Guard
• ONE’s Sapphire Award, Tier 1

Environmental Metrics

ESG Focus Areas

• Climate Change and Carbon Dioxide Emissions
• Other Air Pollution
• Ecosystems and Biodiversity
• Personnel Safety
• Business Ethics and Anti-corruption
• Human Rights
• Diversity, Equity, and Inclusion
• Employee Welfare
• Community Engagement
• Corporate Governance

Environmental Achievements

• Seaspan achieved ISO 14001:2015 certification in 2019.
• Seaspan received an Honorable Mention for the Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence from the United States Coast Guard in 2020.
• Seaspan joined the Maersk McKinney Moller Centre for Zero Carbon Shipping as a strategic partner in 2021.
• Seaspan completed multiple sustainability-linked financings.
• APR reduced the number of oil spills by 20% since 2017.
• APR divested 100% of its inactive diesel reciprocating engine fleet since 2018.

Social Achievements

• Seaspan’s seafarer retention rate was 96.47% in 2021.
• Seaspan reduced its Lost Time Injury Frequency (LTIF) rate by 73% to 0.40 by December 2021.
• APR’s Lost Time Injury Rate (LTIR) averaged 0.95 over the past four years (2018-2021).
• Atlas developed a Diversity, Equity, and Inclusion (DEI) Framework in 2021.
• Atlas developed an Employee Value Proposition (EVP) in 2021.

Governance Achievements

• 100% of onshore employees signed annual recertification of compliance with Standards of Business Conduct Policy.
• All vendors contracted since January 2021 are compliant with Atlas’s Standards of Business Conduct Policy.

Climate Goals & Targets

Environmental Challenges

• Increased sailing speeds and long waiting times at anchorage due to COVID-19 and supply chain disruptions resulted in increased CO2 emissions and carbon intensity.
• COVID-19 pandemic created challenges for combating plastic pollution.
• COVID-19 travel restrictions impacted global mobility for seafarers.
• Challenges in gender diversity across the workforce.

Mitigation Strategies

• Seaspan’s decarbonization strategy based on four pillars: Continuous Efficiency Improvement, Transition Pathways, Fleet Insights, and Market Based Initiatives.
• Seaspan implemented measures to reduce plastic waste (water filtration units, stainless steel water bottles, vetting vendors for plastic packaging).
• Seaspan launched initiatives to protect the health and wellness of seafarers and combat social isolation (prize sports tournaments, vaccine access).
• Atlas developed a DEI Framework to improve representation and equity.

Supply Chain Management

Responsible Procurement

• Atlas requires all vendors to have their own code of conduct or similar policy, or to abide by Atlas’s Standards of Business Conduct Policy.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, UN SDGs, SASB

Certifications: ISO 14001:2015, ISO 45001

UN Sustainable Development Goals

• SDG 5
• SDG 7
• SDG 10
• SDG 12
• SDG 8
• SDG 6
• SDG 14
• SDG 16
• SDG 15

Atlas has mapped its material sustainability topics, business activities, and initiatives against the UNSDGs.

Sustainable Products & Innovation

• Seaspan’s SAVER initiative for eco-vessel design; LNG-fueled ships.

Awards & Recognition

• ONE’s Sapphire Award
• Marine Money Deal of the Year Award
• Export Credit Agency Deal of the Year
• William Benkert award from USCG

Environmental Metrics

ESG Focus Areas

• Governance
• Human Rights
• Anti-Bribery and Corruption
• Modern Slavery

Social Achievements

• 100% of onshore employees signed annual recertification of compliance with Standards of Business Conduct Policy.
• Commitment to preventing human trafficking and modern slavery, aligning with UNSDG 8.

Governance Achievements

• Established a whistleblower hotline with an independent third party.
• Implemented robust Standards of Business Conduct Policy applying to all personnel.
• Mandated annual anti-bribery and corruption training for all employees.
• At least half of the Board is independent (7 of 8 directors).

Climate Goals & Targets

Environmental Challenges

• Maintaining governance practices in line with evolving legislation and best practices.
• Ensuring supplier due diligence requirements and contributing to business accountability.

Mitigation Strategies

• Continual review of legislation, guidelines, and best practices.
• Enhancing vendor intake due diligence process to streamline procurement.

Supply Chain Management

Responsible Procurement

• Requiring vendors and business partners to comply with Atlas’ Standards or equivalent.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

UN Sustainable Development Goals

• 8.7
• 8.8
• 16.3
• 16.5
• 16.6

Atlas Corporation's commitment to transparency, anti-corruption, modern slavery prevention, and ethical business conduct aligns with these SDGs.

Environmental Metrics

ESG Focus Areas

• Climate Change and CO2 Emissions
• Employee Safety, Health, and Welfare

Environmental Achievements

• Reduced greenhouse gas emissions intensity by 15% compared to 2022.
• Delivered seven 15,000 TEU and three 7,000 TEU dual-fuel LNG vessels.
• Spent approximately $27 million to improve vessel efficiency, resulting in improved fuel consumption and lower emissions.

Social Achievements

• Established new inclusive workplace pillars and offered Unconscious Bias and Inclusive Workplace training to all employees.
• Achieved 88% retention of onshore colleagues and 95.57% retention for all seafarers.
• Hosted its first in-person seafarer forums since the COVID-19 pandemic.

Governance Achievements

• Strengthened governance structure, policies, and risk management processes.
• Maintained high standards of ethics and compliance.
• 100% of onshore employees signed the required annual recertification of Standards of Business Conduct Policy.

Climate Goals & Targets

Environmental Challenges

• Increase in plastic waste discharge from ships in 2023 due to new vessel deliveries.
• One safety incident resulting in a fatality in 2023.
• Achieving a LTIF of 0.26 in 2023, which did not meet the goal of 0.2.

Mitigation Strategies

• Set a target of a 5% annual reduction in plastic waste discharged from ships.
• Strenuously emphasized safety culture and training.
• Initiated additional safety calls to all ships and operations team briefings for all crew.

Supply Chain Management

Supplier Audits: Annual audits on 25 randomly selected vendors by IMPA.

Responsible Procurement

• Supply Chain guidelines
• EHS portal screening for high-risk activities
• Requirement for vendors to comply with Atlas’s Standards of Business Conduct Policy or have their own equivalent.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: DNV (for carbon emissions data)

UN Sustainable Development Goals

• 5.1
• 5.2
• 7.1
• 7.3
• 8.7
• 8.8
• 9.4
• 10.2
• 12.5
• 12.6
• 13.1
• 13.3
• 14.1
• 14.2
• 16.3
• 16.5
• 16.6
• 17.16

The report maps its material sustainability topics, business activities, and initiatives against the UNSDGs.

Sustainable Products & Innovation

• Dual-fuel LNG vessels
• Methanol-fueled vessel conversions (AiP secured)

Awards & Recognition

• Best Practices for Diversity Award at Maritime SheEO Conference