Okeanis Eco Tankers Corp.
Climate Impact & Sustainability Data (2022, 2023, 2024-01 to 2024-06)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:493,566 tCO2 (Scope 1)
Scope 1 Emissions:493,566 tCO2
Scope 2 Emissions:94 tCO2
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:6,397,621 GJ
Water Consumption:51,281 m3
Waste Generated:5,615 m3
Carbon Intensity:Reported through AER, EEOI, and EEDI.
ESG Focus Areas
- Climate Change
- Energy Efficiency
- Air Emissions
- Marine Biodiversity
- Waste and Water Management
- Health, Safety, and Wellbeing
- Human Rights
- Corporate Governance
- Ethics and Compliance
- Risk Management
- Sustainable Procurement
- Cyber Security
Environmental Achievements
- 13% reduction in Scope 2 emissions
- Zero spills or releases to the environment
- 100% of the fleet is fitted with BWTS
- 9% reduction in average fleet EEOI
- 5% reduction in average fleet EEDI
- 13% reduction in average fleet AER
Social Achievements
- Zero human rights violations
- Zero serious marine incidents
- 89% crew retention rate
- 90% ashore employee retention rate
- 4,420 additional training hours
- 26% more audits performed on board
Governance Achievements
- Zero corruption incidents
- Zero whistleblowing incidents
- 97% of suppliers certified to ISO 14001:2015
- 86% independent directors
Climate Goals & Targets
Long-term Goals:
- Net-zero GHG emissions from international shipping by around 2050 (aligned with IMO targets)
Medium-term Goals:
- 40% reduction in CO2 emissions by 2030
- Annual fleet-wide EEOI equal or improved than prior year
Short-term Goals:
- 100% of employees trained in Code of Business Conduct & Ethics by 2023
Environmental Challenges
- Significant geopolitical shifts impacting the value chain
- Increased water consumption due to fleet reduction
- Increased paper consumption due to bulk purchases
- Increased port calls in countries with low Transparency International rankings
Mitigation Strategies
- Strategic investments in eco-designed vessels
- Application of silicone paint to improve hull efficiency
- Implementation of energy-saving measures (route optimization, hull cleaning, etc.)
- Implementation of a comprehensive Cyber Security Management Plan
- Regular reviews of safety and pollution prevention plans
Supply Chain Management
Supplier Audits: 249 suppliers evaluated in 2022
Responsible Procurement
- Use of ISO-certified suppliers; long-term agreements; sourcing from ports in countries with strong child labor laws; assessment of suppliers’ CSR policies.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Energy transition with negative impact on oil demand; escalating operating costs; new regulations; new technologies; increased insurance costs; mandatory upgrades.
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI 2021 Standards, SASB for Marine Transportation
Certifications: ISO 14001, ISO 9001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
The report mentions alignment with the UN SDGs but doesn't specify which goals.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Certificate of Merit for Nissos Donoussa
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:556,200 tCO2e (Scope 1)
Scope 1 Emissions:556,200 tCO2e
Scope 2 Emissions:80 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:7,211,689 GJ
Water Consumption:49,140 m3
Waste Generated:6,125 m3
Carbon Intensity:Reported using AER and CII metrics.
ESG Focus Areas
- Climate Change
- Safety
- Governance
- Diversity & Inclusion
- Sustainable Procurement
- Human Rights
Environmental Achievements
- 15% reduction in Scope 2 emissions
- Zero spills or releases to the environment
- 100% of the fleet is fitted with BWTS and scrubbers
- Application of silicone paint to improve propulsion efficiency and prevent marine fouling on some vessels.
Social Achievements
- Increased female presence in the seafarer pool (13 members)
- Zero LTIR & TRCF
- Zero discrimination and human rights violations
- 47% of total purchase orders from local suppliers
- Zero misconduct and whistleblowing incidents
Governance Achievements
- Successful dual listing on the New York Stock Exchange (NYSE) and Oslo Børs (OSE)
- Rigorous adherence to SEC regulations and OSE’s compliance framework
- Enhanced governance framework with new policies and controls
- Zero misconduct incidents
Climate Goals & Targets
Long-term Goals:
- Net zero GHG emissions from international shipping by 2050
Medium-term Goals:
- 40% reduction in CO2 emissions by 2030
- Annual fleet-wide EEOI < 9.00E-06 tons CO2 / cargo ton-mile
Short-term Goals:
- Not disclosed
Environmental Challenges
- Geopolitical tensions, international conflicts (Israel-Hamas war, war in Ukraine), and rapidly shifting regulatory landscapes impacting global shipping.
- Increased fuel consumption due to extended sailing days and increased ballast speed.
Mitigation Strategies
- Strategically avoiding high-risk areas (Suez Canal/Red Sea region) to safeguard people and assets.
- Implementing voyage optimization, trim and speed optimization, weather routing, and other efficiency measures to reduce fuel consumption and emissions.
- Investing in and implementing new technologies such as silicone paint and energy saving devices.
Supply Chain Management
Supplier Audits: 280 suppliers evaluated; 97% certified to ISO 14001:2015
Responsible Procurement
- Collaboration with ISO-certified suppliers; use of recycled packaging materials; consideration of CSR, occupational health and safety in vendor evaluation.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Energy transition with negative impact on oil demand; escalating operating costs; new regulations; new technologies; increased insurance costs; mandatory upgrades; digitalization.
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI 2021 Standards, SASB for Marine Transportation
Certifications: ISO 14001, ISO 9001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
The report mentions alignment with the UN SDGs, but doesn't specify which goals.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed