Climate Change Data

Grindrod Shipping Holdings Ltd

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:335,634 tCO2e/year
Scope 1 Emissions:335,634 tCO2e/year
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:4,439,548 GJ/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Action
  • Workplace Equality
  • Life Below Water

Environmental Achievements

  • No overboard spills from vessels in 2020
  • 61% of owned vessels had an approved ballast water treatment system installed by the end of 2020
  • Exclusive use of VLSFO compliant fuel to avoid ocean pollution from scrubber systems

Social Achievements

  • Healthy employee retention rate of an average of 11 years
  • Lost Time Incident Rate (LTIR) of 1.3 in 2020
  • 45% of shore-based staff were female as of 31 December 2020

Governance Achievements

  • Adherence to Anti-Corruption Policy, Conflict of Interest Policy, and Code of Ethics Policy
  • Procedures to detect and prevent insider trading
  • Whistle-blowing policy in place

Climate Goals & Targets

Long-term Goals:
  • Achieve at least 50% reduction in total annual GHG emissions by 2050 (IMO target)
Medium-term Goals:
  • Achieve at least 40% reduction in carbon intensity by 2030 (IMO target)
Short-term Goals:
  • Achieve 83% ballast water treatment system installation by 2021

Environmental Challenges

  • Reducing GHG emissions in line with IMO targets
  • Ensuring compliance with ballast water regulations
  • Managing the higher cost of VLSFO compliant fuel
Mitigation Strategies
  • Fleet modernization program (selling older vessels and acquiring newer, more efficient ones)
  • Installation of ballast water treatment systems (with targets set for 2021-2023)
  • Use of energy-saving devices (Becker Mewis Ducts, propeller boss cap fins, post-swirl fins, VFDs)

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: SASB Marine Transportation Framework

Certifications: Null

Third-party Assurance: Verifavia and Korean Register (for CO2 emissions)

UN Sustainable Development Goals

  • SDG 5, SDG 13, SDG 14

These SDGs are considered most relevant to Grindrod Shipping's business and where they can make a difference.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:318,733 tCO2e
Scope 1 Emissions:318,733 tCO2e
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:3,834,400 GJ
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Action
  • Workplace Equality
  • Life Below Water

Environmental Achievements

  • No overboard spills from vessels in 2021
  • 83% of owned vessels had an approved ballast water treatment system installed by the end of 2021
  • Purchase of a 2019 Japanese built ultramax bulk carrier as part of fleet modernization program to enhance energy efficiencies and reduce GHG emissions.

Social Achievements

  • Healthy employee retention rate of an average of 11.5 years
  • Lost Time Incident Rate (LTIR) for 2021 was 1.05
  • ZAR 602,000 donated to the South African National Sea Rescue Institute
  • ZAR 500,000 donated to relief efforts in Durban following civil unrest
  • ZAR 500,000 donated to relief efforts in Durban following disastrous flooding

Governance Achievements

  • Established Anti-Corruption Policy, Conflict of Interest Policy, Code of Ethics Policy, Whistle Blowing Policy, and Insider Trading Policy
  • Internal Audit team responsible for monitoring and testing internal procedures to ensure adherence to risk management practices, controls, and overall governance processes.
  • Compliance with Sarbanes-Oxley (SOX) requirements

Climate Goals & Targets

Long-term Goals:
  • Support IMO's GHG reduction targets of at least 40% reduction in carbon intensity by 2030 and at least 50% reduction in total annual GHG emissions by 2050, compared to 2008 (pursuing efforts towards 70% by 2050).
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 92% of owned fleet to have ballast water treatment systems installed by 2022; 100% by 2023

Environmental Challenges

  • COVID-19 pandemic impacting crew changes, port closures, and vessel operations
  • Civil unrest and flooding in Durban impacting operations and requiring relief efforts
Mitigation Strategies
  • Conservative approach to COVID-19, prohibiting interactions between vessel and shore, isolating new crew members, and providing vaccinations.
  • Donations to relief efforts in Durban following civil unrest and flooding

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: SASB Marine Transportation Framework

Certifications: Null

Third-party Assurance: Verifavia and Korean Register (for CO2 emissions)

UN Sustainable Development Goals

  • SDG 5, SDG 13, SDG 14

The SDGs form the blueprint to achieve a better and more sustainable future for the world and its inhabitants. Grindrod Shipping focuses on those most relevant to its business and where it can make a difference.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed