Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Met IMO 2030 carbon intensity targets 11 years ahead of schedule in 2019
• Achieved a 45% reduction in CO2 emissions per ton-mile in 2020 compared to 2008
• 72% decrease in the use of Heavy Fuel Oil in the last 3 years
• 1953% increase in the use of Low Sulphur Fuel Oil in the last 3 years
• 84% decrease in SO2 emissions and 6% decrease in NOx emissions in the last 3 years

Social Achievements

• Code of ethics and compliance policies published for Directors/Officers
• Accredited by Global Reporting Initiative (GRI) for sustainability best practices

Governance Achievements

• Independent Board
• Clear reporting of transactions with Danaos Shipping (Manager)
• Arms-length cost arrangements

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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

Certifications: International Safety Management Certification

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Lloyd’s List Technical Innovation Award
• Lloyd’s List Intelligence Big Data Award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Emissions Reduction
• Energy Efficiency
• Waste Management
• Biodiversity
• Occupational Health & Safety
• Employee Well-being
• Diversity & Inclusion
• Corporate Governance
• Anti-Corruption
• Sustainable Procurement
• Human Rights

Environmental Achievements

• Achieved 48.5% reduction in CO2 emissions intensity compared to 2008 baseline, exceeding the 2025 target by two years.
• 98.7% of the fleet equipped with Ballast Water Treatment Systems (BWTS).
• 33% of the fleet equipped with garbage compactors (target 100% by 2025).
• Zero significant spills reported.

Social Achievements

• 81.08% crew retention rate.
• 87% employee retention rate.
• 34,077 training hours provided to seafarers.
• 3,367 training hours provided to office employees.
• Certified as a "Great Place to Work" with a 78% survey score.
• Invested 1.5 million USD in upgrading onboard communication systems for seafarers.

Governance Achievements

• Established an ESG Committee.
• Improved ESG ratings significantly on climate change (CDP) and sustainability metrics (S&P Global CSA).
• Developed a Low Carbon Transition Plan (LCTP).
• Zero confirmed incidents of corruption or bribery.

Climate Goals & Targets

Environmental Challenges

• Availability and cost of green fuels.
• Meeting decarbonization targets in a rapidly evolving regulatory landscape.
• Supply chain disruptions due to extreme weather events.
• Potential for physical climate risks (extreme weather, sea level rise).
• Transition risks (regulatory changes, market shifts).

Mitigation Strategies

• Investing in methanol-ready and ammonia-ready container vessels.
• Developing a Low Carbon Transition Plan (LCTP) with ambitious targets.
• Adapting consumables management policy and diversifying suppliers to address supply chain disruptions.
• Investing in automated systems for advanced sea routing and passage plan control.
• Implementing energy efficiency measures and retrofits.
• Utilizing alternative fuels (biofuels, biodiesel).
• Engaging with stakeholders (clients, suppliers, industry organizations).

Supply Chain Management

Supplier Audits: 50 desk assessments/on-site assessments; 35% of significant suppliers assessed via ESG questionnaire.

Responsible Procurement

• Sustainable procurement policy.
• Supplier Code of Conduct.
• ESG assessment questionnaire.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Sea level rise
• Drought
• Flooding

Transition Risks

• Regulatory changes (EU ETS, FuelEU Maritime, IMO GHG Strategy)
• Market shifts
• Inability to meet decarbonization targets
• Increased cost of compliance

Opportunities

• Development of energy-efficient products and services
• Increased demand for sustainable shipping solutions
• Access to green financing
• Competitive advantage through low-carbon operations

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: ISO 50001, ISO 9001:2015 (DATC)

Third-party Assurance: Centre for Sustainability and Excellence (CSE)

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)
• Goal 15 (Life On Land)

Initiatives contribute to these goals through emissions reduction, energy efficiency improvements, sustainable procurement, biodiversity protection, and community engagement.

Sustainable Products & Innovation

• Methanol-ready and ammonia-ready newbuilding vessels.

Awards & Recognition

• ESG Shipping Awards: Gold in Governance and Environment, Bronze in ESG Leader.