Climate Change Data

H2 Core AG

Climate Impact & Sustainability Data (2012, 2016, H1 2024)

Reporting Period: 2012

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • High bunker prices impacting profitability.
  • Piracy in East and West Africa increasing insurance premiums and operational costs.
  • Market downturn in shipping leading to reduced charter rates and asset values.
  • Loan-to-value (LtV) ratio exceeding contractual limits, requiring restructuring.
Mitigation Strategies
  • Cost-cutting measures, including slow steaming and eco-design for newbuilds.
  • Implementing security measures to mitigate piracy risks.
  • Restructuring financing agreements with banks to reduce debt burden.
  • Developing a restructuring and financing concept to address LtV issues.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
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

Reporting Period: 2016

Environmental Metrics

Climate Goals & Targets

Medium-term Goals:
  • Acquisition of a double-digit portfolio of ships into Marenave Schiffahrts AG

Environmental Challenges

  • Years-long shipping crisis leading to decreased market values and revenue potential of the fleet, restricting the capital service capacity of the Marenave fleet.
  • Uncompleted refinancing talks at the end of 2016, resulting in the inability to fully meet the fixed increased capital service in the fleet (except for the car carrier).
  • Market downturn in the tanker and bulker segments leading to revenue and earnings declines.
Mitigation Strategies
  • Intensive restructuring negotiations with financing banks aimed at reorganizing the liabilities and releasing Marenave Schiffahrts AG from its guarantee/capital service guarantee for fleet financing.
  • Restructuring and release agreement concluded on March 31, 2017, enabling a solvent liquidation of the Marenave fleet while ensuring the continuation of Marenave Schiffahrts AG.
  • Diversified fleet structure and deployment across various shipping segments to mitigate risks from charter rate fluctuations.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Deloitte GmbH Wirtschaftsprüfungsgesellschaft

Reporting Period: H1 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Slower than expected market ramp-up for green hydrogen.
  • Supplier-side delays.
  • Weak demand leading to postponement of customer orders.
Mitigation Strategies
  • Adjusted forecasts to reflect market realities.
  • Reduced guidance for the current year.
  • Expanded production to include medium-sized industrial plants.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
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