MPC Container Ships ASA
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:1,758,036 tCO2e/year (Scope 1)
Scope 1 Emissions:1,758,036 tCO2e/year
Scope 2 Emissions:16.38 tCO2e/year
Renewable Energy Share:0%
Total Energy Consumption:24,508,042 GJ/year
Water Consumption:5 m3/year (spills)
Waste Generated:20,216 cbm/year
Carbon Intensity:Average Efficiency Ratio (AER)
ESG Focus Areas
- Climate-related risks
- Corruption risk
- Energy mix
- Direct emissions from consumption of fossil fuels
- Marine casualties
- Seafarer welfare
- Responsible ship recycling
- Human and labour rights in the supply chain
Environmental Achievements
- Retrofitted exhaust gas cleaning systems aboard 10 vessels (including two sold in 2021)
- Expanded scrubber fleet by acquiring Songa Container AS (six vessels with EGCS)
- Successfully tested water filtration systems to generate drinking water onboard, aiming to reduce plastic waste
Social Achievements
- Facilitated timely crew changes despite pandemic disruptions
- Maintained annual onshore employee retention rate above 90% (91%)
- Implemented a cadet programme with 172 participants (including five female cadets)
- Contract fulfilment of 98.7% (affected by Covid cases)
Governance Achievements
- Developed eight new policies governing material ESG topics (Human Rights, Ship Recycling, Sustainability, Sustainable Procurement, Anti-Corruption, Environment, Health and Safety, and Human Capital)
- Implemented a digital platform ("Position Green") to collect and structure ESG data
- Implemented a third-party whistleblower hotline
Climate Goals & Targets
Long-term Goals:
- Align fleet strategy with IMO goals for GHG emissions reductions (70% reduction per transport work and at least 50% reduction in total annual GHG emissions by 2050)
Medium-term Goals:
- Maintain a ‘C’ rating average for the fleet (IMO’s emission reduction trajectories)
- 35% female employees onshore by 2030
- LTIR not to exceed 0.3 by 2030
Short-term Goals:
- Reduce waste by a target to be defined in 2022 (using 2021 as baseline)
Environmental Challenges
- Global disruption due to Covid-19, including record high port congestion and freight rates
- Increased CO2 emissions due to charterers increasing vessel speed by 5%
- Crew change challenges due to the pandemic
- Conflict in Ukraine impacting seafarers and their families
- Upcoming decarbonisation regulations enacted by the IMO
- Potential for major environmental accidents (spills)
Mitigation Strategies
- Long-term planning to ensure efficient fleet operation
- Facilitating timely crew changes, even with deviations and off-hires
- Organising vaccinations for crew
- Establishing a dedicated hotline for crew members and their families
- Implementing an external mental health service for seafarers
- Monitoring the situation and ensuring compliance with sanctions
- Implementing energy- and fuel-saving measures
- Reviewing feasible fleet upgrades and rolling out new flow and torque meters
- Calculating EEXI values and preparing for engine power limitation
- Calculating emission reduction trajectories and CII rating
- Implementing comprehensive spill prevention procedures
- Installing ballast water treatment systems (35 vessels by end of 2021, remaining to be equipped by 2024)
- Utilising a certified service provider for ship waste management
- Developing a human rights policy and mapping salient human rights issues
Supply Chain Management
Responsible Procurement
- Business Partner Guideline (sets out service standards and expectations, including on ESG issues)
- Business partner checks (including sanctions and bad press screenings)
Climate-Related Risks & Opportunities
Physical Risks
- Direct damage to assets and indirect impacts from disruptive changes
Transition Risks
- Upcoming decarbonisation regulations enacted by the IMO
Opportunities
- Improving energy efficiency from vessel operations
Reporting Standards
Frameworks Used: Euronext Guidelines for ESG reporting, SASB Marine Transportation Standard (2018), GRI Standards, Norwegian Shipowners’ Association’s guidelines
Certifications: ISO 9001:2015 and/or 14001:2015 (for third-party technical managers)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 13 (Climate Action)
- Goal 14 (Life Below Water)
- Goal 17 (Partnerships for the Goals)
Prioritised SDGs where MPCC believes it can have the most impact
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Annual Efficiency Ratio (AER)
ESG Focus Areas
- GHG emissions
- Safety, health and well-being
Environmental Achievements
- Reduced Well-to-Wake GHG Emissions Intensity by 13.71 in 2023 (from 14.63 in 2022) based on GLEC Framework Version 2.0; Achieved an average fleet-wide AER of 15.18 grams CO₂ per tonne-mile by the end of 2023 (validated by ABS); Retrofitted thirteen vessels by 2024 with energy efficiency technologies; Sold 18 older, less efficient vessels and acquired nine more efficient second-hand vessels in 2023 and 2024; Five newbuild vessels expected delivery in 2024-2026, including two 1,300 TEU Methanol Dual Fuel vessels and two 5,500 TEU methanol-ready container vessels delivered in May and July 2024.
Social Achievements
- LTIR (Lost Time Injury Rate) not exceeding 0.3; Zero serious injuries in 2023; Continued investment in crew well-being aboard vessels; Implemented Position Green Data Management Solution for ESG data reporting in 2021.
Governance Achievements
- Established a Risk, Audit and Sustainability Committee to oversee ESG matters; Requires third-party technical managers to be certified according to ISO 9001:2015 and ISO 14001:2015; Performs business partner checks, including sanctions and bad press screenings.
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions by 2050
Medium-term Goals:
- Reduce GHG emissions intensity by 35.5% by 2030 from a 2022 baseline
Short-term Goals:
- Reduce fleet’s average well-to-wake AER by 10% by 2028 (from 2023 baseline)
Environmental Challenges
- Combating greenhouse gas emissions in the shipping industry; Climate change poses risks including transition to a lower-carbon economy and physical impacts of climate change.
Mitigation Strategies
- Established a decarbonization pathway aligned with the 2023 IMO Strategy; Initiated retrofit programs (USD ~25 million investment); Fleet renewal program; Investment in low-carbon alternative fuel solutions; Signed offtake agreement for synthetic marine diesel oil with INERATEC; Active involvement in development of green technologies and industry initiatives (MMMCZCS, Getting to Zero Coalition, Clean Shipping Alliance).
Supply Chain Management
Supplier Audits: Business partner checks, including sanctions and bad press screenings
Responsible Procurement
- Business Partner Guideline
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Regulatory, physical, and market risks associated with transitioning to a low-carbon economy
Opportunities
- Innovation and differentiation through investments in sustainable shipping technologies and practices
Reporting Standards
Frameworks Used: GLEC Framework Version 3.0, IMO Carbon Intensity Indicator (CII), EU Taxonomy
Certifications: ISO 9001:2015, ISO 14001:2015
Third-party Assurance: ABS
UN Sustainable Development Goals
- SDG 7 (Affordable and Clean Energy)
- SDG 13 (Climate Action)
Reducing GHG emissions intensity and investing in low-carbon fuels
Sustainable Products & Innovation
- Methanol Dual Fuel engines
Awards & Recognition
- Not disclosed