Climate Change Data

Global Ports Holding

Climate Impact & Sustainability Data (2019, 2023-04 to 2024-03, 2024)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:7,877.0 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:2,514.2 tCO2e/year
Scope 2 Emissions:5,362.8 tCO2e/year
Carbon Intensity:12.32 tonnes CO2e per full-time equivalent employee

ESG Focus Areas

  • Safety
  • Environment
  • Community Investment
  • Diversity & Inclusion

Environmental Achievements

  • Reduced carbon intensity per full-time equivalent employee by 16.6% to 12.32 tonnes of CO2e.
  • Ege Port became the world’s first cruise port to receive the EcoPorts certificate.

Social Achievements

  • Reduced injuries at work by 25% in Port of Adria and 37.5% in Port Akdeniz.
  • Launched an innovative mobile app-based training tool for employees.
  • Created the YES Foundation to support local social programs focused on creating employment and training opportunities for young people.
  • Antigua social initiative supporting qualifying Antiguans to start their own business or develop their current tourism-focused enterprise.

Governance Achievements

  • Improved financial controls and risk management.
  • Established the Internal Audit and Compliance Function.

Climate Goals & Targets

Medium-term Goals:
  • More than double passenger volumes from 2019 levels.
  • Cruise Segmental EBITDA to more than double from 2019 levels by 2022.
Short-term Goals:
  • Secure up to two port investments or agreements in 2020.
  • Conclude sale of Port Akdeniz.

Environmental Challenges

  • Disappointing performance of the Commercial business, with EBITDA declining by 26.4% due to trade tariffs, global trading uncertainty, and issues in key markets such as China.
  • Sharp falls in container and cargo volumes at commercial ports.
  • Covid-19 outbreak causing unprecedented disruption to the cruise industry and global trade.
Mitigation Strategies
  • Implemented Covid-19 cost savings and cash preservation measures, including salary deferrals and reduced marketing costs.
  • Entered into exclusive negotiations with a potential buyer for Port Akdeniz.
  • Developed alternative sourcing strategies (implied).
  • Increased sanitary/cleaning routines and measures at commercial ports.
  • Flexible business models to offset any impact from a reduction in the movement of goods or a reduction in demand at commercial ports.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Epidemics and natural disasters
Transition Risks
  • Changes in regulations
  • Increased competition

Awards & Recognition

  • Zadar won Port of the Year 2019
  • Lisbon Cruise Port was recognised by the World Travel Awards as the Best European Port

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:5679 tCO2e/year
Scope 1 Emissions:2486.68 tCO2e/year
Scope 2 Emissions:3192.39 tCO2e/year
Water Consumption:110.4 million liters/year
Carbon Intensity:7.39 tCO2e per FTE employee

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Community Engagement
  • Governance

Environmental Achievements

  • Completed onshore power project at Valletta Cruise Port, reducing emissions by up to 90%
  • Launched solar panel projects in Ege Port, Kuşadası and Tarragona Cruise Port
  • Introduced a carbon emissions platform to track Scope 1 and 2 emissions

Social Achievements

  • Introduced an online mental health platform for employees
  • Increased female representation in workforce and senior management
  • Continued community outreach programs

Governance Achievements

  • Established a Sustainability Committee and Sustainability Working Group
  • Implemented TCFD recommendations
  • Undertook a comprehensive review of ESG processes and projects

Climate Goals & Targets

Medium-term Goals:
  • Scope 1 & 2 Net Zero by 2040
  • Implement a new Diversity, Equity and Inclusion policy in 2025
  • Acquire at least one relevant ESG rating
Short-term Goals:
  • Scope 1 & 2 carbon neutrality by 2035
  • Collect Scope 3 data in 2025
  • Complete solar suitability assessments in 2025

Environmental Challenges

  • Climate change impacts (extreme weather, rising sea levels)
  • Evolving regulatory demands for decarbonization
  • Maintaining infrastructure resilience
  • Integrating new ports into operations
  • Managing risks related to sanctions on third parties
  • Overtourism concerns in some destinations
Mitigation Strategies
  • Developed robust sustainability strategy and targets
  • Implemented TCFD recommendations
  • Integrated climate-related risks into risk management framework
  • Defined induction process for new ports
  • Implemented sanctions compliance program
  • Collaborated with stakeholders to manage tourism impact
  • Developed crisis management procedures and emergency response plans

Supply Chain Management

Responsible Procurement
  • Compliance with anti-corruption and anti-money laundering rules

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Rising sea levels
  • Coastal flooding
  • Extreme heat
Transition Risks
  • Decarbonization regulations
  • Carbon pricing
  • Changes in consumer demand
Opportunities
  • Government grants
  • Shore power development
  • Renewable energy opportunities

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14001

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Eco-efficiency
  • Social Responsibility
  • Community Engagement

Environmental Achievements

  • Incorporated energy-efficient lighting, solar panels, and advanced waste management systems in the new Tarragona Cruise Port terminal.
  • Implemented water-saving fixtures and landscaping with native plants to minimize water usage in Tarragona.
  • Analyzing equipment for shore power capabilities in Tarragona to reduce emissions.
  • Lisbon Cruise Port plans to install solar panels to self-consume 38% of its annual energy needs and sell 36% to the grid.

Social Achievements

  • Partnership with University of Zadar for student visits and internships at Zadar Cruise Port.
  • Social responsibility project with Marella Discovery in Bodrum, educating students on maritime topics and ocean conservation.
  • Addition of six new shore excursions in Prince Rupert, partnering with local communities.
  • Art Explora Festival at Valletta Cruise Port, promoting cultural exchange.

Governance Achievements

  • Awarded preferred bidder status for a 15-year concession agreement to operate Casablanca's new cruise terminal.
  • Commencement of cruise management services at Port Castries, Saint Lucia.

Climate Goals & Targets

Medium-term Goals:
  • Lisbon Cruise Port aims to self-consume 38% of its annual energy needs through solar panels.
Short-term Goals:
  • Surpassing last year's passenger numbers in various ports (implied).

Environmental Challenges

  • Managing the maximum number of cruises Tarragona can handle per day without affecting residents' daily life.
  • Balancing cruise tourism promotion with sustainable tourism practices.
  • Addressing traffic management with the influx of larger ships and increased visitors in Saint Lucia.
Mitigation Strategies
  • Commissioning a study on the maximum number of cruises Tarragona can handle per day.
  • Collaborative work through the institutional cruise board in Tarragona.
  • Investing in technologies that minimize environmental impact in Tarragona.
  • Introducing innovative strategies to enhance passenger and area traffic flow in Saint Lucia (new tender jetties and ferry services).

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities
  • Renewable energy integration (solar panels)