Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance & Ethics

Environmental Achievements

• Reduced total CO2e emissions by 13% since 2015 despite a 15% increase in fleet barrel capacity.
• Achieved lowest lost-time injury rate in history for marine transportation group.
• Reduced total recordable injury rate by 12% compared to 2020 and by 30% compared to 2019.
• Inland Marine reduced total recordable injuries in 2021 by 23% vs. 2020.
• Inland Marine achieved the lowest lost-time injury rate in the history of the organization during 2021.
• Only 60 gallons of cargo spilled to water out of 410.6 million barrels transported.
• Reduced NOx emissions by up to 99% in electric fracturing units compared to conventional units.
• Reduced CO2e emissions by 32% and NO2 by 28% in electric fracturing units compared to conventional units.
• Reduced average sound pressure by up to 69% in electric fracturing units compared to conventional units.
• Installed ballast water treatment systems on 62% of its fleet (with plans to complete installation by 2024).

Social Achievements

• Kirby Disaster Relief Fund raised ~$750,000 for employees impacted by Winter Storm Uri & Hurricane Ida.
• Donated over $1 million to the Seaman’s Church Institute in the last 5 years.
• Donated over $700,000 to the Galveston Bay Foundation in the last decade.
• Charitable matching donation program benefited more than 60 nonprofit organizations in 2021.
• 85% of employees indicated they are proud to work for Kirby (2021 Company Culture Survey).

Governance Achievements

• Reconstituted Governance Committee as the ESG & Nominating Committee to better reflect its oversight and commitment to ESG issues.
• All employees completed diversity and inclusion training in 2021.
• More than 4000 training courses completed on Business Ethics and Foreign Corrupt Practices Act in 2021.
• Implemented stronger guidelines for suppliers to ensure responsible product sourcing and worker safety.

Climate Goals & Targets

Environmental Challenges

• Climate-related risks and opportunities associated with transporting petroleum and petrochemicals.
• Transition risks (policy & legal changes, technology shifts, market changes, reputational risks).
• Physical risks (hurricanes, flooding).

Mitigation Strategies

• Scenario analysis of risks and opportunities associated with changing weather patterns.
• 40% emissions reduction target per barrel of capacity by 2040.
• Implementation of biofuels, hybrid power technologies, and engine re-powers.
• Development of future carbon reduction techniques and alternative fuels.
• Establishment of procedures and best practices to drive emission-reducing operations.

Supply Chain Management

Responsible Procurement

• Stronger guidelines for suppliers regarding worker treatment, workplace safety, environmental impact, and ethical business practices.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes
• Flooding

Transition Risks

• Oil & gas regulations changes
• Transition to low-emissions equipment
• Eco-friendly fracking equipment
• Cargo spills

Opportunities

• Development of energy-efficient products
• Offshore wind projects

Reporting Standards

Frameworks Used: SASB (Sustainability Accounting Standards Board), TCFD (Taskforce on Climate-related Financial Disclosures)

Sustainable Products & Innovation

• Electric frac equipment
• Energy storage solutions
• Diesel-electric hybrid towboat
• Environmentally friendly oilfield solutions
• Mobile energy storage systems

Awards & Recognition

• Top Green Provider in 2020 by Food Logistics (Thermo King)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance & Ethics

Environmental Achievements

• Met 2020 short-term carbon emissions reduction goal early.
• Set a new goal to achieve a 40% reduction of carbon emissions per barrel of capacity by 2040.
• Rolled out an emissions dashboard for internal use.
• Will be one of the first inland marine transportation companies to own and operate a diesel-electric hybrid towboat in the US (anticipated 80% emissions savings compared to conventional towboats).
• All marine transportation facilities in Texas are powered by renewable energy.

Social Achievements

• Implemented human rights training for all employees.
• Welcomed two new members to the Board of Directors.
• Reduced lost time incidents in 2022 by 40% vs. pre-COVID levels (2019).
• Reduced total recordable injuries in 2022 by 14% vs. 2021, and 39% vs. pre-COVID levels (2019).

Governance Achievements

• Developed its first short-term carbon emissions reduction goal in 2020.
• Established a 40% emissions reduction target per barrel of capacity through 2040.
• Implemented stronger guidelines for suppliers to ensure responsible product sourcing and worker well-being.
• 9 out of 11 directors are independent.
• 3 out of 11 directors are female.
• 1 out of 11 directors is racially/ethnically diverse.

Climate Goals & Targets

Environmental Challenges

• Disruptive challenges caused by COVID-19 variants.
• Abnormal operating conditions due to historic low water conditions on the Mississippi River.
• Meeting increased demand for transported products while reducing emissions and climate-related risks.

Mitigation Strategies

• Engagement and participation with key stakeholders (investors, trade associations, customers).
• Testing alternative fuels, finding operational efficiencies, and investing in new technologies to achieve emissions reduction targets.
• Scenario analysis of risks and opportunities associated with changing weather patterns.
• Implementation of biofuels, hybrid power technologies, and engine re-powers to reduce emissions.
• Establishment of procedures and best practices to drive emission-reducing operations (fuel management, efficient fleeting network, engine shutdown during cargo transfer, repowering).

Supply Chain Management

Responsible Procurement

• Stronger guidelines for suppliers regarding worker treatment, workplace safety, environmental impact, and ethical business practices.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes
• Flooding

Transition Risks

• Oil and gas regulations changes
• Transition to low-emissions equipment
• Market shifts towards eco-friendly equipment
• Reputational risks from cargo spills

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: TCFD

Sustainable Products & Innovation

• Diesel-electric hybrid towboat
• Electric fracturing units
• Dual-fuel fracturing units
• Mobile power distribution systems
• Environmentally friendly oilfield equipment (dry gel hydration units)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Governance & Ethics

Environmental Achievements

• Reduced ultra low sulfur diesel fuel consumption and CO2e emissions by 16% since 2015 despite significant fleet growth.
• Achieved 96% of the 2024 emission reduction target (24% reduction per barrel of capacity).
• Christened the M/V Green Diamond, a diesel-electric hybrid towboat expected to achieve up to 80% emissions reductions compared to similar vessels.
• Installed ballast water treatment systems on 100% of its fleet.

Social Achievements

• Reduced total recordable injuries in 2023 by 12% vs. pre-COVID levels (2019) in Marine Transportation.
• 40% reduction in recordable incidents y/y and 60% reduction in lost time incidents y/y in Distribution & Services.
• Implemented human rights training in 2023.
• Company-wide culture survey showed employees feel empowered and believe the company operates with strong values and a strong safety culture.
• Donated over $650,000 to numerous communities in 2023.
• Kirby Disaster Relief Fund raised over $1 million and provided assistance to over 300 employees in the last three years.

Governance Achievements

• 8 out of 9 directors are independent.
• 4 out of 9 directors are female or racially/ethnically diverse.
• Implemented stronger guidelines for suppliers to ensure responsible product sourcing and worker well-being.
• More than 5500 training courses completed on Business Ethics and Foreign Corrupt Practices Act in 2023.

Climate Goals & Targets

Environmental Challenges

• Meeting increased demand for transported products while reducing emissions and climate-related risks.
• Managing climate-related risks such as hurricanes and flooding.

Mitigation Strategies

• Established a 40% emissions reduction target per barrel of capacity by 2040.
• Exploring alternative fuels, operational efficiencies, and new technologies.
• Performing scenario analysis of risks associated with changing weather patterns.
• Implementing emission reduction strategies in operations (fuel management, fleet optimization, engine shutdown during cargo transfer).

Supply Chain Management

Responsible Procurement

• Stronger guidelines for suppliers regarding worker treatment, workplace safety, environmental impact, and ethical business practices.

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes
• Flooding

Transition Risks

• Oil and gas regulations changes
• Transition to low-emissions equipment
• Market shifts towards eco-friendly equipment
• Reputational risks from cargo spills

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: SASB, TCFD

Sustainable Products & Innovation

• Diesel-electric hybrid towboat (M/V Green Diamond)
• Electric fracturing units
• Dual-fuel fracturing units
• Environmentally friendly power generation equipment (natural gas reciprocating generators, mobile power distribution systems)
• Dry gel hydration units
• Thermo King products (ThermoLite® Solar Panels, Precedent® S-Series, TriPac 3® Auxiliary Power Unit, Coldtainer®)