Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental responsibility
• Social responsibility
• Economic responsibility
• Governance

Environmental Achievements

• 70% of owned fleet compliant with EEDI phase II
• -4.1% reduction CO2 emissions per nautical mile (2019 vs. 2017)
• Zero accidents, spills, and injuries in 2018 and 2019
• 19.4% reduction SOx emissions per nautical mile (2019 vs. 2017)
• -1.9% reduction NOx emissions per nautical mile (2019 vs. 2017)

Social Achievements

• 85.6% retention rate for seagoing personnel
• 83.2% retention rate for onshore personnel
• 3,740 total training hours for onshore personnel in 2019
• 63,024 total training hours for seagoing personnel in 2019
• Implementation of Smart Working pilot project

Governance Achievements

• Updated anti-corruption policy
• Updated Code of Ethics
• Updated Organisation, Management and Control model (pursuant to Legislative Decree 231/2001)
• Implementation of a whistleblowing system

Climate Goals & Targets

Environmental Challenges

• Volatility of markets and commodity prices
• Disruptive effect of IMO 2020 regulation
• Reduction in onshore personnel
• Reduction in seagoing personnel

Mitigation Strategies

• Investments in technology aimed at reducing consumption and improving energy efficiency
• Special training aimed at developing new areas of expertise
• Establishment of new functional areas integrating dry and tanker operations
• Reorganisation of activities to improve efficiency and cost optimisation

Supply Chain Management

Supplier Audits: Annual assessment of strategic suppliers using a scoring system

Responsible Procurement

• Supplier selection based on reliability, quality, price, delivery times, and compliance with ISO 9001 and ISO 14001 standards
• Compliance with d’Amico Group’s Code of Ethics and Organization, Management and Control Model

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards

Certifications: ISO 14001, BS OHSAS 18001, ISO 50001, RINA Best 4 Plus, ISO 26000

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)
• Goal 17 (Partnerships for the Goals)

Various initiatives contribute to these goals through fleet modernization, employee training, community investment, and environmental protection measures.

Sustainable Products & Innovation

• Eco-ships with advanced technologies to reduce consumption and emissions

Awards & Recognition

• Green Flag Award (2017)
• QUALSHIP 21 (19 vessels, 2 with E-Zero designation)

Environmental Metrics

ESG Focus Areas

• Climate change
• Diversity & Inclusion
• Governance
• Health and Safety
• Supply Chain
• Community Engagement

Environmental Achievements

• Reduced CO2 emissions per transport unit by 8.8% (vs 2021)
• Reduced NOx emissions per transport unit by 8.7% (vs 2021)
• 94.6% Low Sulphur bunker fuel out of total bunker fuel consumed
• 87.2% share of ‘Eco’ vessels in the d’Amico Group’s total fleet
• Zero oil spills in the last three years
• 100% fleet compliant with EEXI
• 77.1% fleet compliant with EEDI Phase II, and 17.2% compliant with Phase III
• 90.3% of total freshwater used onboard produced by freshwater generators

Social Achievements

• Launched a Company's well-being programme, including a collaboration to promote psychological well-being
• 1 injury in 2023, 0.11 the lost time frequency index
• 93% retention rate for onshore personnel
• 82.7% retention rate for seagoing personnel
• 217,120 € invested in training activities
• Zero detentions received between 2021 and 2023
• 201,500 € disbursed as donations and sponsorships
• Issued guidelines for gender equality onboard

Governance Achievements

• Completed the first double materiality assessment
• Updated the Code of Ethics and the 231 Organisation Model
• Implemented a new training program on the 231 model and the whistleblowing system (375 hours)
• No reports of violations of the 231 Organisation Model or of the Code of Ethics received in 2023

Climate Goals & Targets

Environmental Challenges

• Geopolitical crises and economic instability
• Supply chain disruptions
• Increased personnel costs
• Lower supply of skilled workers
• Potential increase in insurance costs and compliance-related expenses
• Volatility and cyclicality in freight rates
• Risks related to extreme weather events
• Risks related to regulatory developments

Mitigation Strategies

• Timely adaptations and responses to evolving crisis situations
• Developed alternative sourcing strategies
• Investment in talent acquisition and retention programs
• Strategies to mitigate meteorological risk (guidelines, technology, weather services, optimum-ship-routing system)
• Constant monitoring of regulatory developments and exploration of new technologies
• Proactive and preventive approach to risk management
• Implementation of robust quantitative risk management framework

Supply Chain Management

Supplier Audits: Annual audits

Responsible Procurement

• Supplier selection based on quality, safety, environmental performance, and ethical considerations
• Compliance with d’Amico Group’s Code of Ethics

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Low water levels in canals

Transition Risks

• Regulatory changes
• Market shifts
• Increased insurance costs

Opportunities

• Higher freight rates due to market inefficiencies
• Increased demand for transport of biofuels

Reporting Standards

Frameworks Used: GRI Standards, SASB, ESRS

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 50001

UN Sustainable Development Goals

• Goal 7
• Goal 8
• Goal 9
• Goal 12
• Goal 13
• Goal 14
• Goal 17

The report details how initiatives contribute to these goals throughout the document

Sustainable Products & Innovation

• Eco vessels
• Biofuel blends

Awards & Recognition

• QUALSHIP 21 for 24 vessels
• Sapphire prize for speed reduction program in California