Climate Change Data

Transworld Group

Climate Impact & Sustainability Data (2021-2022, 2022-23)

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:509143.28 tCO2e/year
Scope 1 Emissions:387017.42 tCO2e/year
Scope 2 Emissions:347.71 tCO2e/year
Scope 3 Emissions:112126.15 tCO2e/year
Waste Generated:3517.82 tons/year

ESG Focus Areas

  • Climate Change
  • GHG Emissions & Energy Management
  • Air Quality
  • Waste Management
  • Ecological Impact & Biodiversity
  • Employment
  • Occupational & Employee Health & Safety
  • Training and Education
  • Diversity, Equity and Inclusion
  • Local Communities
  • Anti-Corruption & Business Ethics
  • Incident Risk Management
  • Board Governance, Ethics and Compliance
  • Customer Privacy & Data Security

Environmental Achievements

  • Reduced carbon footprint by 21.06 tons by using filtered water instead of bottled water in UAE
  • Reduced 0.5 percent limit of the sulphur content of ships’ fuel oil, set by IMO in 2020
  • Recycled 8,080 kgs of paper and 4,118 kgs of plastic in Dubai in 2021-22
  • Implemented Shipboard Energy Efficiency Management Plan (SEEMP) on all vessels
  • Shifted to energy-saving LED lights from CFL lights in warehouse and utilized direct sunlight to reduce electricity dependency
  • GPS tracking of all vehicles to study fuel and route efficiency

Social Achievements

  • Recognized as a ‘Great Place to Work’ for 3 consecutive years
  • 20% permanent female employees across Transworld Group
  • Over 20,000 beneficiaries impacted through various CSR programs globally
  • Implemented ‘Transworld Workday policy 2022’
  • Introduced flexi-hours policy
  • Provided various support measures for employees during COVID-19 pandemic

Governance Achievements

  • Zero cases of compliance violation
  • Zero cases of child labour or sexual harassment
  • Established a strong ESG governance structure with an ESG core group and mentorship team
  • Revised Whistle Blower policy
  • Implemented anti-corruption policy with periodic training programs
  • Developed a Diversity and Inclusion policy

Climate Goals & Targets

Long-term Goals:
  • Become a carbon-neutral organization by 2043
Medium-term Goals:
  • Achieve carbon intensity reduction by 2030 (in line with IMO goals)
  • Increase women workforce to 50% by 2030
  • Increase women leadership ratio to 40:60 by 2030
Short-term Goals:
  • Implement zero single-use plastics across all locations
  • Increase renewable energy technologies and energy efficiency
  • Improve air quality and reduce carbon footprint by further reducing Sulphur in fuel

Environmental Challenges

  • Climate change impacts on business and society
  • Supply chain disruptions due to COVID-19
  • Maintaining health and safety of seafarers during pandemic
  • Balancing work-life balance for employees
Mitigation Strategies
  • Developed a structured approach to decarbonizing operations
  • Increased renewable energy technologies and energy efficiency
  • Implemented GHG reduction measures and data capture/analysis
  • Implemented Ship Energy Efficiency Management Plan (SEEMP)
  • Digital transformation initiatives for streamlined processes
  • Support measures for employees during COVID-19 (financial, health, etc.)
  • Regular communication and support for seafarers during pandemic

Supply Chain Management

Responsible Procurement
  • Encouraging vendors to avoid plastic in transporting consumables

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products and alternative fuels

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards (Marine Transportation), UN SDGs, UNGC

Third-party Assurance: Ernst & Young India

Awards & Recognition

  • Great Place to Work UAE (2018-2022)
  • 60th Great Place to Work – Asia Region 2022
  • 4th Best Place to Work 2022
  • Various Maritime and Logistics Awards
  • India Maritime Awards
  • Gujarat Junction Awards
  • Gujarat Star Award
  • World CSR Congress awards
  • Arabia CSR Award
  • ET Now CSR Award
  • Dubai Chamber Sustainability Network awards

Reporting Period: 2022-23

Environmental Metrics

Total Carbon Emissions:365,894 tCO2e/year
Scope 1 Emissions:364,907 tCO2e/year
Scope 2 Emissions:610 tCO2e/year
Scope 3 Emissions:68,367 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:5,033,945 GJ/year
Water Consumption:102,805 liters/year
Waste Generated:7,867 m3/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Diversity & Inclusion
  • Governance
  • Community Development
  • Employee Well-being
  • Supply Chain Sustainability

Environmental Achievements

  • 6.45% decrease in Scope 1 Emission Intensity (tCO2e/Nautical Mile)
  • 3.18% increase in Plastic Waste Recycled (Dubai)
  • 30% increase in Paper Waste Recycled (Dubai)
  • 65% increase in Plastic Waste Recycled (Dubai)
  • Zero Oil Spills from vessels
  • 100% Fleet taken up for Carbon Intensity Index (CII) ratings
  • 20.34% reduction in food waste
  • Achieved the 0.5% limit of the sulfur content of ships’ fuel as regulated by the IMO

Social Achievements

  • ~4% increase in women’s participation in workforce
  • Introduced three new policies: Policy on Prevention of Sexual Harassment, Policy on Incident Reporting and Whistle Blower Policy
  • Average of 6.7 hours of training per employee
  • Became a signatory to the UN Women’s Empowerment Principles (WEPs)
  • 55,559 Beneficiaries from CSR initiatives
  • 753 Volunteers participated in CSR initiatives

Governance Achievements

  • ESG KPIs integrated with balanced scorecard
  • Sustainability survey for all new vendors
  • Zero corruption related cases and no monetary losses as a result of legal proceedings associated with bribery or corruption

Climate Goals & Targets

Long-term Goals:
  • Carbon Neutral by 2043
Medium-term Goals:
  • Substantially transition transport fleet to blended fuel vehicles and EVs by 2030
  • 100% solar power in owned warehouses; 50% in owned office buildings by 2030
  • 40% women in senior management roles by 2030
  • 50:50 Women in management by 2030
  • 40:60 Women in leadership by 2030
  • PoD will comprise 5% of workforce by 2030
Short-term Goals:
  • Reduce GHG emission intensity by 30% by 2027 compared to 2022
  • 100% of the supply chain partners will be evaluated on Environmental and Social parameters by 2030

Environmental Challenges

  • Climate-induced worsening natural disasters
  • Risks emanating from fossil fuel-based energy consumption
  • Tightening of regulations by Governments and multilateral bodies to reduce environmental impact of shipping and logistics
  • Trade sanctions
  • Health and safety risks to employees
  • Political disturbances
  • Piracy risks
  • Cyber attacks
  • Supply chain complexity and interconnectedness
  • Transportation of dangerous/hazardous material
  • Risk of trafficking of illegal goods
  • Liquidity and credit risks
  • Freight rate and oil price volatility
  • Exchange rate fluctuations
Mitigation Strategies
  • Investment in energy reduction/optimization and waste management technologies
  • Climate Scenario Assessment
  • Strengthening relationships with government bodies
  • Staying up-to-date for better compliance of laws and regulations
  • Improving awareness of country-specific risks and contingency plans
  • Safe, healthy working conditions and relevant HSE training
  • Comprehensive insurance policies
  • Strengthening security measures
  • Creating secure systems to protect internal and customer data
  • Strengthening, monitoring and training of value chain partners
  • Extensive and intensive safety training in special material handling
  • Use of financial instruments such as insurance, hedging, and derivatives
  • Establishing strong internal controls

Supply Chain Management

Supplier Audits: New Supplier Survey drafted in 2022-23, to be conducted from 2023

Responsible Procurement
  • Ongoing due diligence to identify and address adverse impacts
  • Eliminating single-use plastics
  • Adoption of eco-friendly materials

Climate-Related Risks & Opportunities

Physical Risks
  • Climate-induced worsening natural disasters
Transition Risks
  • Tightening of regulations
Opportunities
  • Investment in energy reduction/optimization and waste management technologies

Reporting Standards

Frameworks Used: GRI, SASB, UNGC

Certifications: Null

Third-party Assurance: Ernst & Young India

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 8
  • SDG 10
  • SDG 13
  • SDG 14

Initiatives aligned with UN SDGs across various focus areas

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Great Place to Work in UAE (5 consecutive years)
  • Advance CSR Label – Dubai Chamber of Commerce
  • Arabia CSR Award – Small Category – 1st Runner Up
  • World CSR Award – Best CSR Practices in Shipping Industry