Climate Change Data

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Safety
• Diversity & Inclusion
• Good Governance
• Energy Transition

Environmental Achievements

• Reduced carbon emissions since 2019 by 4.5%
• Saved 1,152 mt CO2 through weather routing
• Saved 6,230 mt CO2 through hull performance monitoring
• All vessels comply with EEXI regulations, with an average rating 5% better than the requirement.
• Based on 2022 emissions data, all of Ardmore’s fleet would achieve CII ratings between A and C.

Social Achievements

• Lost Time Injury Frequency (LTIF) of 0.22 against an INTERTANKO industry average of 0.45
• Total Recordable Case Frequency (TRCF) of 0.44 against an INTERTANKO industry average of 0.96
• Seafarer retention rate of 95%
• 15,479 hours of seafarer training provided in 2022
• Implemented initiatives to support diversity and inclusion onboard and ashore.

Governance Achievements

• Ranked #1 publicly traded product tanker company on Webber ESG Scorecard for governance
• Established a Sustainability Committee in January 2023
• Zero cases of corruption reported
• Robust governance framework in place

Climate Goals & Targets

Environmental Challenges

• Decarbonizing shipping operations while maintaining energy security and affordability
• Meeting increasingly stringent environmental regulations (EEXI, CII, EU ETS, Fuel EU Maritime)
• Addressing gender imbalance in the maritime industry
• Maintaining high safety standards in challenging operating environments (e.g., piracy)

Mitigation Strategies

• Implementing numerous emission reduction projects (variable speed drives, Lean Marine technology, Filtree emissions-reduction equipment)
• Investing in fuel-efficient technologies and practices
• Actively engaging with industry groups and regulatory bodies to shape policy and best practices
• Implementing robust safety protocols and training programs
• Promoting diversity and inclusion through policies and programs

Supply Chain Management

Responsible Procurement

• Holding suppliers and service providers accountable to environmental standards

Climate-Related Risks & Opportunities

Transition Risks

• Meeting increasingly stringent environmental regulations

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, Paris Climate Agreement, IMO's carbon intensity targets, EU Emissions Trading System (ETS)

Awards & Recognition

• Singapore MPA recognition for Ardmore Safety Rating app

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Safety
• Diversity, Equity, Inclusion, and Belonging (DEIB)
• Governance
• Social Impact

Environmental Achievements

• Reduced CO2 emissions by 21,397 metric tonnes through hull coating performance management.
• Invested nearly $40 million in drydockings, including $25 million on carbon capture-ready scrubber installations and other energy efficiency technologies.
• Successfully implemented fourteen energy transition projects with ROI ranging from 40% to 140%.
• Proactively implemented the EU Emissions Trading System before its 2024 enforcement.

Social Achievements

• Zero MARPOL incidents.
• Fleet merger under Anglo Ardmore, enhancing operational efficiency and safety.
• Increased the number of women officers onboard to eleven.
• Increased the number of bursary cadets to eight (three women, five men).
• Launched the ‘Ardmore Crew’s Got Talent’ program to promote seafarer well-being.
• Implemented a custom-built Safety Rating app for seafarer feedback.

Governance Achievements

• Ranked number one publicly traded tanker company on the Webber ESG Scorecard.
• Established a Sustainability Committee chaired by Dr. Kirsi Tikka.
• Five of six Board members are independent.
• Adopted a new clawback policy as mandated by the SEC.
• Zero cases of corruption in 2023.

Climate Goals & Targets

Environmental Challenges

• Transition to future fuels remains a distant prospect.
• Geopolitical challenges (Russia-Ukraine conflict, EU Refined Product Embargo, climate-related disruptions).
• Evolving maritime security challenges in various regions.

Mitigation Strategies

• Focus on energy efficiency improvements.
• Strategic approach to maintain strong TCE performance while advancing sustainability agenda.
• Careful planning and execution of fleet merger to minimize disruptions.
• Thorough Threat and Risk assessments for voyages to high-risk areas.
• Adherence to recommended transit routes and Best Management Practices.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Climate-related disruptions in key maritime routes

Transition Risks

• New regulations and technologies

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: SASB Marine Transportation Industry Standard, UN SDGs

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Aligning with the United Nations Sustainable Development Goals (UN SDGs).

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• ShipTek Award 2023
• Safety4Sea Connectivity Award
• Webber ESG Scorecard top ranking