Navigare Capital Partners A/S
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:622000 tCO2e/year
Scope 1 Emissions:447638 tCO2e/year
Scope 2 Emissions:11 tCO2e/year
Scope 3 Emissions:174847 tCO2e/year
ESG Focus Areas
- Greenhouse gas emission targets
- Carbon intensity
- Biodiversity
- Accident and safety
- Labour rights
- Diversity
- Corruption and bribery
- Tax considerations
Environmental Achievements
- 30% reduction in carbon intensity compared to 2008
- 33% decrease in Scope 1-3 GHG emissions from 2022 to 2023 (approximately 622,000 tonnes of CO2e)
Social Achievements
- Zero port state control detentions
- 42% female employees at Navigare Capital headquarters
- One MLC observation during port state controls (resolved)
Governance Achievements
- Zero accepted requests for bribes and facilitation payments
- Zero violations of international sanctions
Climate Goals & Targets
Long-term Goals:
- Net zero GHG emissions by 2050
Medium-term Goals:
- 55% reduction in carbon intensity by 2030 compared to 2008 baseline
Short-term Goals:
- 35% reduction in carbon intensity by 2025 compared to 2008 baseline
Environmental Challenges
- Reduced need to transport fossil fuels as demand wanes
- Implementation of carbon tax on vessels
- Transition to lower-emission technology
Mitigation Strategies
- Segment-agnostic investment strategy
- Focus on long-term vessel employment
- Due diligence assessing sensitivity of oil and coal demand
- Assessment of dual-fuel newbuildings and retrofits
- Engagement with loan providers on financing costs of low-emission technology
Supply Chain Management
Responsible Procurement
- Stringent yard audit practices for newbuilding projects
Climate-Related Risks & Opportunities
Physical Risks
- Increased storm intensity, wind strength, and wave height
Transition Risks
- Reduced need to transport fossil fuels
- Implementation of carbon tax
- Transition to lower-emission technology
Opportunities
- Increased demand for transportation of green fuels and other commodities
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Third-party Assurance: Deloitte
UN Sustainable Development Goals
- SDG 8
- SDG 12
- SDG 13
- SDG 14
- SDG 5
- SDG 16
Initiatives contribute to these goals through responsible investment, seafarer wellbeing, emission reduction, biodiversity protection, gender equality, and anti-corruption efforts.
Sustainable Products & Innovation
- Methanol-ready container feeder vessels
- CSOVs with battery hybrid propulsion