Climate Change Data

Atlantic Bulk Carriers Management Ltd (ABCML)

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:280,922 tCO2e (2023)
Scope 1 Emissions:280,922 tCO2e
Scope 2 Emissions:280,983 tCO2e
Scope 3 Emissions:72,127 tCO2e
Total Energy Consumption:113,903 kWH (offices)
Waste Generated:1,618.45 m³ (2023)
Carbon Intensity:5.16 gr/t*nm (2023)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Nearly 8% reduction of CO2 emissions over 2022
  • Anticipated 75% reduction in solid wastes following actions instituted within 2023 and 2024
  • Zero pollution incidents
  • 9% improvement in fuel consumption per nautical mile and in absolute terms

Social Achievements

  • Increased crew gender inclusion
  • Enhanced policies adopted to address non-discrimination and suppliers’ ESG compliance
  • Developed a comprehensive policy to address harassment and abusive practices
  • Tripled training hours for seafarers and office employees compared to 2022

Governance Achievements

  • Established and communicated a whistleblowing procedure
  • No significant instances of non-compliance or fines paid during the reporting period
  • Developed a formal policy for zero-tolerance of corruption incidents

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero CO2 emissions by 2050
Medium-term Goals:
  • Reduce fleet carbon intensity by 45% by 2030 compared to 2008 carbon intensity
Short-term Goals:
  • Reduce solid waste volume by 75% compared to 2022-2023

Environmental Challenges

  • Potential for bribery or kickbacks in procurement processes
  • Third-party interactions, especially in regions with higher corruption indices
  • Operations involving large financial transactions or government interactions
  • Potential impacts of marine transport operations on biodiversity through ballast water discharge and hull fouling
Mitigation Strategies
  • Established a whistleblowing procedure
  • Developed a formal policy for zero-tolerance of corruption incidents
  • On-site visits to major ship handling companies to audit premises and assess working conditions
  • All vessels equipped with IMO and USCG-approved Ballast Water Treatment systems
  • Following measures imposed by the Marine Protected Areas (MPAs) Framework and the Emission Control Areas (ECA)

Supply Chain Management

Supplier Audits: Visits to major ship handling companies in the Pacific and Atlantic regions in 2023. Plans to audit European ship chandlers in 2024.

Responsible Procurement
  • Criteria for selection, evaluation and re-evaluation of suppliers based on ability to meet requirements and supply products/services fit for purpose.
  • Supplier’s Performance Report document
  • Zero-tolerance policy regarding child labour
  • Over 50% of budget spent on local markets in 2023

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISM, ISO 9001

UN Sustainable Development Goals

  • 1
  • 2
  • 3
  • 4
  • 8
  • 9
  • 10
  • 12
  • 13

Initiatives contribute to SDGs through environmental protection, employee well-being, community investment, and ethical business practices.