Climate Change Data

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Wellbeing
• Diversity, Equity & Inclusion (DE&I)

Environmental Achievements

• Reduced CO2 emissions from fuel oil use due to IMO 2020 compliance and use of Low Sulphur fuel oil
• Slight decrease in use of Boil Off Gas (LNG) onboard vessels
• 93% of fuel utilized onboard vessels is LNG

Social Achievements

• More than 7.9 million man-hours without a lost-time injury by ship management company
• Increased internet allowances and equipped vessels with COVID-19 test kits for crew
• Increased communications with crew regarding crew changes and port protocols

Governance Achievements

• Board size reduced to five members
• Board met 13 times in 2020
• Majority independent board (four out of five)

Climate Goals & Targets

Environmental Challenges

• Crew change crisis due to COVID-19 restrictions
• Impact of COVID-19 pandemic on shore and sea staff
• Decarbonization challenges facing the shipping industry

Mitigation Strategies

• Proactive measures with charterers and lobbying to increase crew rotations
• Increased internet allowances and COVID-19 test kits for crew
• Team interviews with shore employees to understand work-from-home experiences
• Pulse surveys, townhall meetings, and manager resilience training

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainability criteria included in supplier sourcing/investment decisions
• Working with suppliers to reduce quantity of plastics brought onboard

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• IMO regulations
• Market-based measures

Opportunities

• Energy saving technologies
• Technical innovation/R&D
• Operational optimization

Reporting Standards

Frameworks Used: SASB Marine Transportation Standard, UN SDGs

Certifications: ISO 50001 (GasLog LNG Services Ltd.)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3 (Good Health & Wellbeing)
• SDG 5 (Gender Equality)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 10 (Reduced Inequalities)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 14 (Life below Water)
• SDG 15 (Life on Land)

These goals are most relevant to the maritime industry and represent topics we can take action to influence.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• GREEN4SEA award (2020)
• IHS Markit “Safety at Sea” award (2019)

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Safety and wellbeing
• Diversity, Equity, & Inclusion (DE&I)

Environmental Achievements

• Improved average Annual Efficiency Ratio (AER) by 6 percent compared to 2020 due to higher ship utilization and increased efficiency on dry-docked vessels. 88% of fuel utilized onboard vessels was LNG.
• No spills or releases of toxic substances or waste since the inception of operations over 11 years ago.
• All vessels received an ENVIRO, ENVIRO+, or CLEAN notation from classification societies, demonstrating compliance with environmental protection guidelines.

Social Achievements

• Approximately 7.1 million man-hours without a lost time injury (LTI) for the owned/bareboat fleet.
• Revamped Behavioral Based Safety and Mental Resilience program and invested in training senior officers to manage stress and identify signs of mental stress in others.
• Expanded mental health support line for staff with 24/7 access to confidential specialist support in their native language.

Governance Achievements

• GasLog Ltd. Board, through its Safety and Sustainability Committee, assumes ultimate responsibility and oversight over ESG.
• Board members and the CEO of GasLog Partners LP attend Safety and Sustainability Committee meetings.
• Zero tolerance for bribery and corruption; employees required to attest to Anti-Bribery and Corruption policy and undertake annual online training.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its economic and social consequences, particularly impacting seafarers.
• Increased use of fuel oil instead of natural gas in 2021 (5%) due to charterer's voyage instructions, leading to a 4% increase in CO2 emissions.
• War in Ukraine impacting Ukrainian colleagues and their families.

Mitigation Strategies

• Strengthened testing and PPE protocols, arranged voluntary vaccinations for seafarers.
• Increased internet allowances, enhanced communication channels, resilience training and support for seafarers.
• Set up a hotline and provided support to Ukrainian colleagues and their families, facilitated early disembarkation or service extensions, and provided financial aid.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Due diligence review process for high-risk suppliers (anti-bribery and corruption, modern slavery)

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events
• Extreme variability in weather conditions
• Rising sea levels
• Rising mean temperatures/variability in wind speeds and shifting wind patterns

Transition Risks

• Changing international environmental laws and regulations
• Market-based carbon measures and other carbon policies
• Technology advancements and regulations
• Prevailing low carbon and renewable energy sources
• Uncertainty of energy sources and of the balance of LNG supply and demand
• Stigmatization of the LNG sector

Opportunities

• Resource efficiency from technological solutions
• Higher demand on LNG to replace other fossil fuels
• Accelerated innovation improving efficiency and reducing air emissions
• Access to new markets for LNG
• Increased resilience from sustainability integration

Reporting Standards

Frameworks Used: SASB Marine Transportation standard, TCFD (partially aligned)

Certifications: ISM, ISPS, MLC

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3, 5, 8, 9, 10, 12, 13, 14, 15

Alignment with UN SDGs through ISO standards compliance and initiatives.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Top position among shipping companies on charter to key customers (2021)
• Award for voluntary participation in AMVER program (2021)

Environmental Metrics

ESG Focus Areas

• Decarbonization
• Safety and Wellbeing
• Diversity, Equity & Inclusion (DE&I)

Environmental Achievements

• Total CO2 emissions decreased by approximately 5 percent year on year. However, this was partially offset by increased idle time and lower average sailing speed, leading to increased boil-off gas combustion.

Social Achievements

• Reached approximately 10.8 million man-hours without a Lost Time Injury (LTI) for the owned/bareboat fleet.
• Maintained high retention rates for officers and crew.
• Responded to rescue emergencies, including assisting in a rescue operation.

Governance Achievements

• Implemented controls to ensure zero tolerance for bribery and corruption, discrimination, harassment, and bullying.
• Provided a confidential whistleblower hotline for reporting breaches or concerns.

Climate Goals & Targets

Environmental Challenges

• Higher idle periods and lower average sailing speed due to global port congestion negatively impacted the Annual Efficiency Ratio (AER).
• Increased use of fuel oil versus LNG as fuel to achieve maximum cargo outturn.
• The COVID-19 pandemic, the war in Ukraine, and the Turkey and Syria earthquakes presented operational challenges and required responses to ensure employee safety and wellbeing.

Mitigation Strategies

• Working with charterers to implement appropriate speed reductions and optimize voyage planning.
• Deploying digitalization tools to support charterers in optimizing operations.
• Assessing existing technical efficiency improvement options and developing ship-specific decarbonization plans.
• Implementing preventive measures (COVID-19 testing, PPE protocols, voluntary vaccinations), providing increased internet allowances and enhanced communication channels for crew, and offering support services for seafarer families.

Supply Chain Management

Responsible Procurement

• Due diligence review process for high-risk suppliers and vendors (anti-bribery and corruption or modern slavery).

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of extreme weather events
• Extreme variability in weather conditions
• Rising sea levels
• Rising mean temperatures/variability in wind speeds and shifting wind patterns

Transition Risks

• Changing international, national, state, and local environmental laws, regulations, treaties, conventions, and standards
• Increased pricing of GHG emissions
• Market-based carbon measures and other carbon policies
• Technology advancements and regulations resulting in ships becoming technologically obsolete
• Prevailing low carbon and renewable energy sources
• Stigmatization of the LNG sector

Opportunities

• Technological solutions on energy consumption
• Higher demand on LNG to replace other more polluting fossil fuels
• Accelerate innovation that improves efficiency and reduces air emissions
• Access to new markets for LNG
• Sustainability being part of our strategy and operations

Reporting Standards

Frameworks Used: SASB Marine Transportation standard, UN SDGs

Certifications: ISO standards (various)

UN Sustainable Development Goals

• SDG 3 (Good Health and Wellbeing)
• SDG 5 (Gender Equality)
• SDG 8 (Decent Work and Economic Growth)
• SDG 9 (Industry, Innovation and Infrastructure)
• SDG 10 (Reduced Inequalities)
• SDG 12 (Responsible Consumption and Production)
• SDG 13 (Climate Action)
• SDG 14 (Life below Water)
• SDG 15 (Life on Land)
• SDG 1 (No Poverty)
• SDG 2 (Zero Hunger)
• SDG 4 (Quality Education)
• SDG 6 (Clean Water and Sanitation)
• SDG 7 (Affordable and Clean Energy)
• SDG 11 (Sustainable Cities and Communities)
• SDG 16 (Peace, Justice and Strong Institutions)

Alignment with SDGs is achieved through various initiatives and compliance with ISO standards.

Awards & Recognition

• 2022 World LNG Shipping award for operational excellence and contribution to the LNG industry.
• AMVER award for voluntary participation in humanitarian rescue program.
• Letter of Commendation from the Bermuda Maritime Administration for effective rescue operations.