Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Environmental Protection
• Employee Development
• Community Engagement

Environmental Achievements

• Reduced 25,903 tonnes of CO2 emissions since 2012 and 6,250 tonnes in 2015 as a result of operational improvements and rightsizing the fleet.
• Achieved a top 4.57 Green Marine score in Canada

Social Achievements

• Reduced the lost-time injury rate by 53% and the total recordable frequency rate by 54% thanks to the combined efforts of the SafePartners program, a new safety strategy and the introduction of Lifesaving Rules.
• Completed the final step in the Trillium Class newbuild program with the arrival of CSL St-Laurent and the acquisition of CSL Tarantau
• Consolidated ship and shore operations in Australia.
• Received the Lloyd’s List award for 2015 Inland/Coastal Operator of the Year.
• Various community engagement initiatives (Paddle for a Purpose, Ken Reed Golf Tournament, etc.)

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Difficult market conditions in the shipping sector due to global economic downturn.

Mitigation Strategies

• Maintaining a steady focus on advancing a performance-based sustainability culture and going beyond regulation to operate according to the highest standards of corporate social responsibility.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI G4 Sustainability Guidelines

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Lloyd’s List award for 2015 Inland/Coastal Operator of the Year
• 2016 Bulk Ship Operator of the Year by the International Bulk Journal

Environmental Metrics

ESG Focus Areas

• Health and safety
• Diversity and inclusion
• Accidents, oil spills and marine pollution
• Ethics and anti-corruption
• Decarbonization

Environmental Achievements

• 80% reduction in CO2 emissions compared to marine gas oil using biofuel on eight vessels
• 15% of total energy consumed by ships is renewable
• 29% recycling of shipboard waste
• 90% reduction in plastic water bottle use in Americas fleet

Social Achievements

• 71% reduction in lost-time injuries compared to 2021
• 47% of new hires were women
• 1% of net profit donated to charity and disaster relief
• 7.9 employee engagement score out of 10

Governance Achievements

• 100% compliance training of employees completed
• 33% fewer policy breach complaints compared to 2021

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the war in Ukraine
• Meeting EEXI and CII regulations for self-unloading vessels
• Balancing energy efficiency upgrades with the unique challenges of self-unloading vessels
• Reducing underwater noise from vessels

Mitigation Strategies

• Relocated 13 Ukrainian seafarers and their families to Canada
• Implementing energy efficiency upgrades (EPL/ShaPoLi devices, propeller boss cap fins)
• Advocating for IMO to address inequities in EEXI/CII formulas
• Participating in MARS underwater noise research
• Reducing vessel speed in designated areas to protect whales

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Corporate Responsibility; sustainable procurement practices; IMPA ACT

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and services; biofuel adoption

Reporting Standards

Frameworks Used: SASB Marine Transportation Standard, GRI Standards, Green Marine

Certifications: Green Marine

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Methanol-ready ships; optimized hull designs; EPL/ShaPoLi devices; propeller boss cap fins

Awards & Recognition

• Canada’s Top Employers for Young People; Montreal’s Top Employers; MV Nukumi named Bulk Ship of the Year 2022 and Significant Ship of the Year 2022

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Health and Safety
• Diversity and Inclusion
• Ethics and Anti-corruption
• Accidents, Oil Spills, and Marine Pollution

Environmental Achievements

• Achieved a well-to-wake carbon intensity of 9.61g of CO2 per tonne of cargo moved in 2023.
• Achieved a 29 percent reduction of CO2eq per tonne of cargo moved in 2023 compared to 2005.
• Achieved an annual reduction of 2.4 percent for total GHG emissions.
• Reduced oil spillage to less than 17 liters (a six-liter improvement since 2022).
• Recycling rate of 26 percent of total waste, representing an increase of 60 cubic meters.

Social Achievements

• Increased the percentage of women seafarers on Canadian vessels to 9 percent (nearly double from 2022).
• Reduced annual voluntary turnover rate from 8.5% to 4.4%.
• Achieved an LTIFR of 0.6 (compared to a goal of 0.7) and met the TRCFR goal of 3.5.

Governance Achievements

• Achieved 98 percent on the MACN self-assessment.
• Investigated 10 complaints of alleged breaches to CSL policies and commitments (a reduction from 14 in 2022).

Climate Goals & Targets

Environmental Challenges

• High asset costs and long vessel life present a daunting challenge for decarbonization.
• Increasing regulatory pressure across the marine fuel supply chain.
• Demand for higher volumes in shorter sea trades, leading to higher carbon intensity.
• Challenges in installing additional ballast water treatment systems due to availability issues and lack of experienced installation companies in Canada.
• An ageing workforce and maritime skills shortage in Canada and Australia.

Mitigation Strategies

• Development of a decarbonization roadmap.
• Implementation of energy-saving initiatives, including biofuel program and investment in cutting-edge technologies.
• Development of the Canada Carbon Intensity Indicator (CCII).
• Discussions with Transport Canada led to extensions being granted for ballast water treatment system installations.
• Partnership with Armateurs du Saint-Laurent, Innovation maritime, and Desgagnés to address ballast water management hurdles.
• Offering a range of opportunities for young individuals, including paid internships, summer jobs, and a comprehensive cadet and sponsorship program.

Supply Chain Management

Supplier Audits: 1 supplier audit conducted in 2023

Responsible Procurement

• ESG strategy for strategic sourcing (implementation underway).
• Code of Corporate Responsibility embedded in supplier agreements.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB Marine Transportation Standard, GRI Standards, Green Marine, UN Sustainable Development Goals

Certifications: ISO 14001

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 12 (Responsible Consumption and Production)

Aligned with CSL's climate advocacy efforts, initiatives to protect marine and aquatic life, and shipboard recycling programs.

Sustainable Products & Innovation

• World’s first fully electric battery-capable self-unloading vessel (partnership with Adbri).

Awards & Recognition

• Montreal's Top Employers (5 consecutive years)
• Canada's Top Employers for Young People (2 consecutive years)
• MV Nukumi: Vessel of the Year at 2023 Marine Propulsion Decarbonisation Awards