Climate Change Data

Navios Maritime Partners L.P.

Climate Impact & Sustainability Data (2020)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Decarbonization
  • Energy management & improved efficiency
  • Waste Reduction
  • Health and safety of employees
  • Diversity and inclusion
  • Ethical business practices
  • Transparency
  • Anti-corruption

Environmental Achievements

  • 80.2% absolute reduction in SOx emissions for containerships
  • 76.8% absolute reduction in PM emissions for containerships
  • Significant reduction of sulfur oxide (SOx) and particulate matter (PM) emissions across all vessel types due to IMO 2020 compliance
  • Implementation of an Environmental Management System in accordance with ISO 14001 and an Energy Management System in accordance with ISO 50001

Social Achievements

  • Improved Lost Time Incident Frequency (LTIF) to 0.16 from 0.33 in 2019
  • Improved Total Recordable Case Frequency (TRCF) to 0.49 from 0.81 in 2019
  • Reduced number of deficiencies issued by Port State Control (PSC) by nearly 34%
  • Increased proportion of females in the workforce by 4% to 45.87%
  • 169 crew promotions
  • €181,000 dedicated to the Employee Health Plan (up 14.5% from 2019)
  • Over €630,000 contributed to philanthropic non-profits
  • Over 1,450 volunteer hours dedicated by employees

Governance Achievements

  • Formal adoption of the Code of Corporate Conduct & Ethics by the Board of Directors
  • Implementation of detailed internal accounting and recordkeeping procedures to prevent improper payments
  • Full compliance with E.U. General Data Protection Regulation (GDPR)
  • Upgraded data protection and cybersecurity protocols

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Investment in the Guatemalan Conservation Coast Project in 2024
Short-term Goals:
  • Minimize plastic consumption by 50% compared to 2018 by 2022
  • Participation in the EU Eco-Management and Audit Scheme (EMAS) in 2023

Environmental Challenges

  • Pandemic severely challenged the global logistics chain
  • Reduction in tonnes-miles sailed in 2020 compared to 2019 leading to increased emission intensities
Mitigation Strategies
  • Prioritized human capital
  • Launched an early targeted campaign to bring its managed fleet into compliance with MARPOL Annex XI efficiency amendments
  • Implemented an enhanced Officer/Crew assessment process to improve performance
  • Upgraded occupational health management system to ISO 45001 standard
  • Implemented a ‘Zero Incident’ policy

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards Core option, Poseidon Principles, New York Stock Exchange (NYSE) ESG Reporting Guidelines, SASB Marine Transportation Sustainability Accounting Standards, UN Sustainable Development Goals (SDGs)

Certifications: ISO 14001, ISO 45001, ISO 50001