Matson
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:1,030,000 mt CO2e (Scope 1, 2020)
Scope 1 Emissions:1,030,000 mt CO2e (2020)
Scope 2 Emissions:812 mt CO2e (2020)
Scope 3 Emissions:271,000 mt CO2e (CLX+ emissions, May-Dec 2020)
Total Energy Consumption:13,269,000 GJ (2020)
ESG Focus Areas
- Climate Change
- Environmental Stewardship
- Community Engagement
- Governance
Environmental Achievements
- Reduced Scope 1 GHG emissions by 12% in 2020 compared to 2019; 23% reduction since 2016.
- Reduced total energy consumed by 21% from 2017 to 2020.
- Recycled the last of its steamships in 2021.
Social Achievements
- Introduced CLX+ service in response to COVID-19 pandemic demand.
- Engaging with vessel owners to reduce emissions from chartered vessels in CLX+ service.
- Partnering with local utilities and stakeholders to support disaster planning and resilience.
Governance Achievements
- Formed an ESG Working Group in 2019 to guide ESG strategy and oversee reporting.
- Established a Green Team to research and prioritize ways to lower environmental impacts.
- Implemented a robust Enterprise Risk Management (ERM) process following the Committee of Sponsoring Organizations (COSO) framework.
Climate Goals & Targets
Long-term Goals:
- Achieve net zero Scope 1 GHG emissions from our fleet by 2050
Medium-term Goals:
- Reduce Scope 1 GHG emissions from our fleet by 40% by 2030, using a 2016 baseline
Short-term Goals:
- Recycle the last of our steamships in 2021
Environmental Challenges
- Increased decarbonization regulations for vessels and terminals (Policy and Legal Risk)
- Vessel speed reductions due to emissions reduction requirements (Market Risk)
- On-shore power events disrupting terminal operations (Physical Risk)
Mitigation Strategies
- Monitoring U.S. and international decarbonization regulations and engaging with industry organizations.
- Designing new vessels with dual-fuel capable engines and flexibility for future fuel types.
- Developing an emissions reduction plan to comply with IMO requirements while maintaining service standards.
- Investing in LNG installations and re-engining vessels to reduce emissions.
- Implementing low-carbon initiatives at terminals, such as expanding the use of electric cargo handling equipment.
- Considering backup generators, battery storage, and hybrid fuel equipment to mitigate power outages.
Supply Chain Management
Responsible Procurement
- Partnering with vendors to reduce environmental impacts
Climate-Related Risks & Opportunities
Physical Risks
- On-shore power events
Transition Risks
- Increased decarbonization regulations
- Vessel speed reductions
Opportunities
- Leadership in the transition to low-emissions technologies
Reporting Standards
Frameworks Used: TCFD
Certifications: ISO 9001, ISO 14001