Climate Change Data

Environmental Metrics

ESG Focus Areas

• Management
• Owners
• Employees
• Suppliers
• Customers
• Community
• Environment

Environmental Achievements

• Produced approximately 4,380 KWh electricity from renewable energy sources
• Reduced consumption of plastic bags in offices by 18.7%
• Used 70% recycled paper and 68% recycled toners/ink cartridges
• Increased use of recycled or certified paper for commercial use to 78%
• Transported over 98 tonnes of materials for recycling from islands free-of-charge

Social Achievements

• Distributed approximately €426 million in economic value
• Increased total value of implemented or supported social support programs by 16.6%
• Implemented or supported 130 society support programs
• Increased total number of discount tickets offered by 10%
• Tripled the number of employees participating in volunteer activities and increased employee volunteering hours twentyfold
• Spent 87.3% of total procurement expenditure on local suppliers
• Spent 18.6% of total procurement expenditure on small and medium-sized enterprises

Governance Achievements

• 106 Top Management Members, Directors, and Managers participated in developing the 2021-2023 Strategy
• Defined 123 actions in the Corporate Responsibility and Sustainability Action Plan 2021-2023
• Increased the number of quantitative indicators referenced in the report by 5.9%
• Communicated the Regulation of Professional Conduct & Business Ethics to 100% of office employees
• Communicated the Anti-corruption Regulation to 100% of office employees
• Trained 93% of office employees on the Regulation of Professional Conduct & Business Ethics
• Trained 12.7% of office employees on anti-corruption
• No violation cases, corruption incidents, or bribery incidents related to employees occurred
• Underwent 39 external audits with no non-compliance incidents
• No non-compliance incidents recorded during audits of contractors’ Management Systems

Climate Goals & Targets

Environmental Challenges

• Significant increases in fuel prices
• Rising operating costs due to new regulatory requirements
• Impact of COVID-19 pandemic
• Reduced passenger and vehicle transportation volume due to COVID-19
• New IMO regulations regarding reduction of carbon dioxide emissions from vessels

Mitigation Strategies

• Implemented safety measures to protect passengers’ and employees’ health
• Implemented measures to support business operations
• Reduced operating costs and strengthened financial position
• Reduced fleet operation and redeployed fleet
• Postponed business development projects
• Utilized State support measures
• Started the process to design the Group's Environmental Strategy and De-carbonisation Plan with specific actions and objectives until 2030
• Exploring new generation alternative fuels

Supply Chain Management

Supplier Audits: 386 suppliers with procurement spending over €20,000 audited; 79 important suppliers with spending over €10,000 evaluated.

Responsible Procurement

• Developed Code of Conduct for Suppliers/Partners
• Incorporated responsible operation clauses in contracts with significant suppliers
• Defined supplier selection criteria including responsible operation criteria

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather incidents, emergencies, and weather variability

Transition Risks

• Fuel price increases
• Stringent regulatory requirements to reduce climate change impact

Opportunities

• Development of energy-efficient products
• Use of renewable energy sources

Reporting Standards

Frameworks Used: GRI Standards 2021, NASDAQ & Athens Stock Exchange ESG Guidelines, TCFD Recommendations, UN Global Compact

Certifications: ISO 9001, ISO 14001, ISO 22000, ISO 27001, PCI DSS

Third-party Assurance: Grant Thornton S.A.

UN Sustainable Development Goals

• Goal 1
• Goal 3
• Goal 4
• Goal 6
• Goal 7
• Goal 8
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16
• Goal 17

Initiatives contribute to these goals through various programs and activities related to poverty reduction, health and well-being, education, water and sanitation, energy, economic growth, sustainable consumption and production, climate action, ocean conservation, biodiversity, peace and justice, and global partnerships.

Sustainable Products & Innovation

• Biodegradable Seasmiles BIO-PVC cards
• PURE CABIN category

Awards & Recognition

• Greek Hospitality Awards 2021 (Gold Award)
• Impact Bite Awards 2021 (Gold Award)
• Loyalty Awards 2021 (Gold Award)
• Tourism Awards 2021 (Gold Award)
• Health & Safety Awards 2021 (Silver Award)

Environmental Metrics

ESG Focus Areas

• Management
• Owners
• Employees
• Suppliers
• Customers
• Community
• Environment

Environmental Achievements

• Reduced greenhouse gas emission intensity (Scope 1 and Scope 2) per nautical mile traveled by 2.5%
• Reduced office electricity consumption by 8.7%
• Produced approximately 4,380 KWh electricity from renewable energy sources
• Reduced consumption of plastic bags in offices by 39.7%
• Reduced paper consumption for all purposes by 10.1%
• Used 84% recycled paper for all purposes
• Reduced commercial paper use by 9.8% and increased recycled or certified commercial paper use to 91%
• Transported from Islands free-of-charge over 135 tonnes of materials for recycling
• Removed 346 kgr of plastic waste from coasts through coastal cleaning activities

Social Achievements

• Increased the total value of implemented or supported society support programs by 77.7%
• Implemented or supported 173 society support programs
• Increased the total number and value of discount tickets offered by 77.5% and 90% respectively
• Increased the number of employees participating in volunteer activities and employee volunteering hours by 52.7% and 91.4% respectively
• Spent 87.3% of total procurement expenditure to local suppliers
• Spent 13.8% of total procurement expenditure to small and medium-sized enterprises (up to 50 employees)
• Communicated Supplier Code of Conduct to 100% of suppliers, with 94% of new suppliers signing its acceptance

Governance Achievements

• Improved Corporate Responsibility and Sustainability Maturity level by 11.9% compared to 2020
• Communicated Regulation of Professional Conduct & Business Ethics to 100% of office employees
• Trained over 89% of office employees on Regulation of Professional Conduct & Business Ethics
• Communicated Anti-corruption Regulation to 100% of office employees
• Trained 18% of office employees on anti-corruption
• Only 1 violation case of main principles and rules of professional behavior occurred in the last five years
• No bribery incidents related to employees occurred
• Subject to 50 external audits regarding Management Systems, with no recorded non-compliance incident
• No non-compliance incident recorded during audits of contractors’ Management Systems
• Trained 100% of office Managers and Directors on risk management
• Achieved 99.9% IT service availability

Climate Goals & Targets

Environmental Challenges

• Fleet decarbonization aligned with the need to renew fleets with environmentally friendlier vessels
• Combination of European Union legislation (Green deal) and IMO regulations creates a challenging framework
• Lack of technology to support the respective green transition
• Steep increases of marine fuels’ prices due to the war in Ukraine
• Increased operating costs

Mitigation Strategies

• Finalized new Environmental Strategy and Decarbonisation Roadmap until 2030
• Defined specific actions and objectives to reduce greenhouse gas emissions
• Adapted actions and objectives to current technological maturity and commercial/economic viability of various available solutions
• Investing in collaborations with suppliers and technological solutions that can utilize both traditional and alternative fuels
• Investing in Zero Emission Vessels (ZEVs)

Supply Chain Management

Supplier Audits: 386 suppliers assessed in 2021

Responsible Procurement

• Developed Code of Conduct for Suppliers/Partners; established supplier selection criteria; defined principles and obligations for suppliers; assessed and categorized suppliers based on risk; defined actions to manage suppliers who have not signed the Code.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, alternative fuels production and distribution infrastructure

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards 2021, NASDAQ Stock Exchange ESG Guidelines, Athens Stock Exchange ESG Reporting Guide 2022, TCFD Recommendations, UN Global Compact’s 10 Principles

Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 22000, ISO 27001, PCI DSS

Third-party Assurance: Grant Thornton S.A.

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 3
• Goal 5
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 11
• Goal 12
• Goal 13
• Goal 14
• Goal 16
• Goal 17

Initiatives contribute to these goals through various programs and activities related to economic growth, poverty reduction, food security, health, gender equality, energy, employment, innovation, inequality reduction, sustainable cities, consumption and production, ocean conservation, forest management, peace, and partnerships.

Sustainable Products & Innovation

• Seasmiles BIO-PVC cards; 3 state-of-the-art Aero Catamaran vessels with lighter construction materials and solar panels; ‘PURE CABIN’ category

Awards & Recognition

• Corporate Responsibility Reporting Awards 2022; Greek Shipping Awards 2022; Health & Safety Awards 2022; Green Awards 2022; Environmental Awards 2022

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced vessels’ greenhouse gas emission intensity per nautical mile traveled by 1%, compared to baseline 2019
• Reduced office electricity consumption and office electricity consumption intensity per employee by 9.4% and 14.1% respectively
• Reduced vessel water consumption intensity per passenger by 4.4%
• Reduced paper consumption for all purposes and commercial paper use by 12.9% and 13.8% respectively
• Used 85% recycled paper for all purposes

Social Achievements

• Increased the total value of implemented or supported society support programs by 28%
• Implemented or supported society support programs in 100% of the islands we serve
• Increased the total number and value of discount tickets offered by 23% and 28.6% respectively
• Increased women in all management positions (including supervisors) in offices and vessels by 8.8% and 37.5% respectively

Governance Achievements

• Improved Corporate Responsibility and Sustainability Maturity level by 18.2% since 2020
• Trained 85.9% of office employees on Regulation of Professional Conduct & Business Ethics in the last four years
• Communicated Regulation of Professional Conduct & Business Ethics and Anti-corruption Regulation to 100% of employees
• Zero corruption or bribery incidents or money laundering and terrorist financing or insider trading incidents linked with our employees

Climate Goals & Targets

Environmental Challenges

• Geopolitical changes and their impact on the global economy
• Climate change impacts requiring urgent adjustments to a new environmental regulatory framework
• Tragic incident in the port of Piraeus resulting in death of Antonis Kargiotis

Mitigation Strategies

• Implemented various initiatives and investments, including completing new vessels’ design to reduce fuel consumption and greenhouse gas emissions
• Invested €6.8 million for 19 vessels in 2023 to improve energy efficiency
• Launched an internal investigation to identify reasons for non-compliance with safety procedures
• Adopted additional safety measures beyond those required by law and conducted additional trainings
• Launched an extensive and in-depth investigation assisted by independent external consultants to evaluate Group’s operation in comparison to best practices

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct for Suppliers/Partners
• Incorporated responsible operation clauses in contracts with suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Legislative and regulatory framework changes
• Alternative fuels production and distribution infrastructure

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards 2021, UN Global Compact, TCFD Recommendations

Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 22301, ISO 9001, ISO 22000

Third-party Assurance: Grant Thornton S.A.

UN Sustainable Development Goals

• Goal 1
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 9
• Goal 10
• Goal 12
• Goal 13
• Goal 14
• Goal 15
• Goal 16
• Goal 17

Not disclosed

Sustainable Products & Innovation

• 3 state-of-the-art Aero Catamaran vessels with innovations for comfortable journey, facilitation of passengers with reduced mobility and bicycle accommodation area; ‘PURE CABIN’ category

Awards & Recognition

• Among the leading companies in Greece on Sustainable Development issues
• SHIPPAX FAST FERRY AWARD 2023
• Gold Award for Responsible Leader
• Gold Award for Corporate Responsibility Report
• Gold Award for Community Contribution
• Gold Award for Sustainability – Rational Energy and RES Management
• Gold Award for Sustainability – CSR Initiatives
• Gold Award for Sustainability – Covid-Safe Practices & Services
• Gold Award for Sustainability – Accessible Tourism