Corporate citizenship is about having ownership of people welfare, taking all necessary steps to maintain a safe and healthy workplace for all our employees, respecting and engaging with local communities touched by the business and commitment to protect the environment around us.
International shipping relies heavily on residual oil for propulsion, emitting about 3 per cent of global carbon emissions which is projected by the International Maritime Organization (IMO) to treble by 2050.
The impact of climate change forecasts a sea-level rise of 0.5 m by 2050, and damage to the value of exposed assets in 136 ports & mega-cities will be as high as US$28 trillion.
Our operational initiative has been to voluntarily adopt a control on CO2 emission from our operative fleet through Ship Energy Efficiency Management Plan (SEEMP) even before the proposed IMO deadline of Jan 2013. Our new built vessels comply with the Energy Efficiency Design Index (EEDI) as per IMO guidelines. Technological advancement of main propulsion engines, hull appendages and related operational efficiencies are incorporated into our new building vessel requirements to fulfill our corporate responsibility.
Our long term goal is to reduce CO2 emission by 15-20% by 2024 and further to 30% by 2025.
All our vessels, owned and chartered, are fully compliant with all IMO regulations restricting marine pollution in all our maritime endeavors.
We also conform to below set rules as per our management directive: