Lloyd's Register
Climate Impact & Sustainability Data (2011)
Reporting Period: 2011
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- 18% reduction in EEDI achieved through the green bulk carrier project
- Fuel consumption reduced by 19.5% in the green bulk carrier project
- Substantial fuel savings from 'super slow steaming' project by Maersk Line
- CO2 verification conducted across Maersk Line's fleet
Social Achievements
- Appointment of environmental experts to key positions in shipping companies
- Increased focus on crew training and competence management
- Improved data management systems and transparency initiatives at Zodiac Maritime Agencies
Governance Achievements
- Independent verification of environmental statements by Lloyd's Register for companies like BP Shipping and Zodiac Maritime Agencies
- Development of sustainability targets for environmental performance, safety, security and crew welfare at Zodiac Maritime Agencies
Climate Goals & Targets
Long-term Goals:
- Operate more safely and sustainably
Medium-term Goals:
- Reduce environmental impact of shipping operations
- Develop and implement sustainability targets
Short-term Goals:
- Compliance with MARPOL Annex VI and Ballast Water Management Convention
Environmental Challenges
- Rising fuel prices
- Forthcoming legislation (MARPOL Annex VI, Ballast Water Management Convention)
- Uncertainty regarding market-based measures for carbon emissions
- Complexity of Emission Control Areas (ECAs) regulations
- Need for new technologies to reduce carbon footprint
- Balancing economic considerations with environmental stewardship
- Invasive species introduced through ballast water
- Managing hazardous materials on board ships
Mitigation Strategies
- Development of new, more efficient ship designs and technologies
- Economic cost-benefit analysis to optimize energy use
- Implementation of scrubbers to remove exhaust emissions
- Waste heat capture and reduction of pollutants from main engines
- Energy Efficiency Operational Indicator measurement and Ship Energy Efficiency Management Plan development
- Slow steaming to save fuel
- Research into alternative fuels (LNG, biofuels)
- Ballast water treatment systems
- Inventory of Hazardous Materials (IHM) to comply with the Hong Kong Convention
- Improved data management and transparency
Supply Chain Management
Responsible Procurement
- Controlling subcontractor supply through IHM based on Declaration of Conformity forms
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: ISO 14001
Certifications: ISO 14001
Third-party Assurance: Lloyd's Register Group