Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Social
• Environmental
• Governance

Environmental Achievements

• Hapag-Lloyd cut CO2 emissions per TEU-km by 50% between 2008 and 2019. Its objective is to cut CO2 emissions intensity for its entire fleet by another 30% by 2030 and reach carbon neutrality by 2045.
• First large container ship converted to Liquid Natural Gas (LNG), significantly lower emissions.

Social Achievements

• Launched sustainability strategy with focus on human capital development, investor relations, and industry promotion.
• Donya-Florence Amer joined Hapag-Lloyd's Executive Committee as Chief Information Officer, the first woman in the company’s 175-year history to serve on the executive board.

Governance Achievements

• Formalized its mission of playing a role in the sustainable development of global trade by working on corporate guidelines, values and social investment focal points for the coming years.
• Established guidelines for working with stakeholders to implement its strategy and ensure the overarching position of the three ESG elements: Environmental, Social and Corporate Governance.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 (mobility restrictions, port closures, personnel shortages, lower container rotation).
• High demand for services amidst public health restrictions.
• Unprecedented global congestion.
• Rising costs associated with fuel, vessel charters, repositioning containers, port and ground cargo movements.
• Geopolitical tensions due to the Russian invasion of Ukraine.

Mitigation Strategies

• Hapag-Lloyd invested more than US$ 1.1 billion in new containers, ordered new vessels with a total capacity of 400,000 TEUs and purchased 23,800 TEUs of additional space on the secondary ship market.
• Implemented operating measures such as relocating ships to high demand locations, route optimization, diverting cargo to less congested ports, and accelerating the digitalization process.
• Developed alternative sourcing strategies (not explicitly stated, but implied by actions taken).
• Actively mitigating the effects of difficulties for customers.
• Monitoring operating costs for inputs and services.

Supply Chain Management

Supplier Audits: 0% in 2021 (will begin implementing in 2022)

Responsible Procurement

• Supplier Policy (available on website)
• UN Global Compact principles

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: General Standard No. 461 of 2021 (Chilean Financial Market Commission), IFRS, SASB

Certifications: ISO 9001 (Hapag-Lloyd), ISO 14001 (Hapag-Lloyd)

Third-party Assurance: KPMG, RSM, BH Compliance Limited, Feller Rate, ICR

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 13 (Climate Action)

CSAV's sustainability strategy aligns with these goals through initiatives related to clean shipping, human capital development, and responsible business practices.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Launched 150 Years Crossing the Seas, a book commemorating CSAV’s history
• CSAV collaborated with the National Maritime Museum of Valparaíso, contributing a collection of paintings for the Easter Island exhibit.
• Relocation of CSAV’s corporate headquarters involved efforts to preserve and showcase the company’s heritage
• CSAV’s office community earned GOLD certification under LEED

Social Achievements

• Infrastructure Improvement Project - Padre André Coindre School in San Antonio
• South Pacific Maritime Commercial Institute (INCO) project to contribute to post-secondary technical-professional education for students in San Antonio
• CSAV collaborated with the National Maritime Museum of Valparaíso, contributing a collection of paintings for the Easter Island exhibit.
• Relocation of CSAV’s corporate headquarters involved efforts to preserve and showcase the company’s heritage
• More than 250 current and former CSAV employees gathered at Club Naval de Valparaíso on October 8th to celebrate CSAV's 150year history.

Governance Achievements

• Finished streamlining the corporate structure and closing inactive subsidiaries
• Extended through 2026 the shareholders' agreement with Kühne Maritime and the City of Hamburg
• Created the compliance committee

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to the war in Ukraine and COVID-19
• High transportation costs (up 39% in two years)
• Two court cases (related to free competition) remain outstanding.

Mitigation Strategies

• Hapag-Lloyd optimized routes and service offerings, bought second-hand ships, received new ships, invested in IT resources and expanded its digital offerings for customers.
• Hapag-Lloyd launched a Fleet Optimization Program to reduce fuel consumption and CO2 emissions.
• CSAV implemented a hybrid work schedule to enhance work-life balance.

Supply Chain Management

Responsible Procurement

• CSAV Supplier Policy

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Certifications: LEED GOLD

UN Sustainable Development Goals

• Goal 7
• Goal 13