Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity and Inclusion
• Environmental Sustainability
• Supply Chain Management

Environmental Achievements

• Not disclosed

Social Achievements

• Maintained relatively unchanged workforce in 2022 compared to 2021 with voluntary workforce turnover of approximately 4%
• 51% of open positions were filled with internal candidates as of December 31, 2022
• Global workforce was approximately 59% male and 41% female as of December 31, 2022. Approximately 40% of our workforce is located outside the United States, and in the United States, approximately 30% of our workforce was comprised of racial and ethnic minorities.

Governance Achievements

• Adopted a Code of Conduct that applies to all employees, officers, and directors on February 14, 2023

Climate Goals & Targets

Environmental Challenges

• Decreased container demand in 2022 due to slowing global trade and economic challenges
• Decreased used container sale prices in 2022
• Increased storage rates and transit costs due to storage capacity shortages in key locations
• Potential for increased government regulation due to supply chain bottlenecks
• Risks associated with the war in Ukraine and its impact on global trade
• High level of indebtedness and significant debt service requirements
• Customer credit risk and potential lessee defaults
• Highly concentrated customer base
• Dependence on a small number of container manufacturers primarily based in China
• Volatility of used container sales prices
• Volatility of equipment trading results
• Dependence on information technology systems
• Potential for asset impairment charges
• Significant costs associated with relocation of leased equipment
• Risks from severe weather, climate change, and other catastrophic events
• Increased costs or restrictions due to government regulations
• Lack of an international title registry for containers
• Potential for adverse tax consequences for U.S. investors if classified as a PFIC
• Highly volatile share price

Mitigation Strategies

• Disciplined logistics management, extensive re-lease capability, careful cost control and effective sales of used equipment
• Actively expanded available storage space and worked with customers to limit redeliveries in certain locations
• Maintained investment-grade credit ratings
• Extensive refinancing activity in 2021 to lower interest rates
• Various hedging strategies to mitigate interest rate risk
• Implemented a new financial system in January 2023
• Moved various information technology systems and data to cloud-based storage providers and software vendors
• Regular review of long-lived assets for impairment
• Procedures in place to comply with EU regulations on refrigerated containers
• Environmental liability insurance coverage
• Lessees are required to indemnify Triton from environmental claims

Supply Chain Management

Supplier Audits: Periodic audits of container manufacturers' production facilities

Responsible Procurement

• Procurement and engineering staff reviews container designs

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters (hurricanes, earthquakes, fires)
• Climate change worsening existing risks

Transition Risks

• Regulatory changes related to greenhouse gas emissions
• Restrictions on chemical refrigerants

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Potential liability due to accidental discharge from our containers, potential equipment obsolescence or retrofitting expenses due to changes in environmental regulations, and increased risk of container performance problems due to container design changes driven by environmental factors.
• Compliance with laws and regulations globally seeking to protect the integrity of international commerce and prevent the use of equipment for international terrorism or other illicit activities, as well as regulations implementing equipment safety measures.

Mitigation Strategies

• Maintain environmental liability insurance coverage; the terms of our leases and other arrangements for use of our containers place the responsibility for environmental liability on the end user; lessees are required to indemnify us from environmental claims; standard master tank container lease agreement contains an insurance clause that requires our tank container lessees to carry pollution liability insurance.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Our procurement and engineering staff reviews the designs for our containers and periodically audits the production facilities of our suppliers. We use our procurement and engineering group and third-party inspectors to visit factories when our containers are being produced to provide an extra layer of quality control.

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather, climate change, terrorist attacks or other catastrophic events

Transition Risks

• Regulatory changes on emissions

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed