Our CSR approach

A Sustainable Business Approach

We are a substantial shipping business. We draw on and impact the resources and relationships (our Capitals) on which we rely to create and protect value. As a large player with an ambitious vision for the future, we recognise our responsibilities to these Capitals, which affect the long-term sustainability of our business.

Many of our responsible actions - our commitment to Corporate Social Responsibility (CSR) - enhance our financial performance, our reputation and the future value of our business.

These responsibilities and relationships are components of the key material matters we focus on to deliver our strategic objectives. Our active approach to CSR is rooted in our culture and, governed by our policies and systems, integrated into our daily business behaviour and operating practices.

Key Material Matters Our Resources in Action

Our CSR initiatives are guided by broad strategic objectives that relate to:

  • workplace and operating practices (Human Capital)
  • environmental stewardship (Natural Capital)
  • community engagement (Social and Relationship Capital)

These responsibilities are core to our culture, strategy and long-term vision. Our spirit and culture turn our sustainability efforts into reality and make a difference within and outside of our organisation.

Our CSR initiatives enhance safety and workplace fulfilment, minimise our operations' environmental impact, and enrich engagement with the communities in which we operate.

Workplace & Operating Practices

Looking after our people by ensuring their safety and fostering a happy and fulfilling workplace

Environmental Stewardship

Understanding and minimising our impact on the environment through technical and operational initiatives

Community Engagement

Recognising our obligations as a responsible member of the communities in which we operate

CSR Policies, Governance & Reporting

CSR reporting and policies, reporting framework
and scope, CSR governance, and materiality

CSR Highlights 2017


Human Capital Natural Capital Social & Relationship Capital

Our Impact in 2017

Healthy working conditions, a strong safety culture, opportunities to advance and responsible business practices are the foundations of how Pacific Basin operates.

Our Impact in 2017

Propelling vessels across oceans requires a number of resources or inputs, the consumption of which results in outputs that impact the environment.

Our Impact in 2017

We are responsible members of the communities where our ships call and where our employees live and work. We are engaged members of our industry.

3,400

seafarers

12,100,000

nautical miles travelled

823

ports across 106 countries

335

shore-based employees

1,007,000

tonnes of fuel/gas oil purchased

12

office locations worldwide

Our Performance

87%

Seafarer Retention

8

ships per Safety & Training Manager

47%

shore staff received external training

Our Performance

10.75

grams of CO2 per tonne-mile

1,313,000

tonnes of CO2 emitted by our owned ships

7

efficient newbuilding ships joined our owned fleet in 2017

Our Performance

US$58,000

charitable donations and sponsorship - mainly for seafarer welfare causes

"A job well done by all your crew with excellent cooperation for a safe and successful loading"

Message of appreciation from one of many ports where our ships trade

Our Strategy

We strive to create a culture of safety, innovation and teamwork across our fleet and business enabling our employees to thrive and make a difference.

Our Strategy

Our sustainability initiatives seek to reduce our most material outputs and impacts on the atmosphere and marine environment; we also seek to reduce waste by minimising what we consume both at sea and ashore.

Our Strategy

We advocate and engage with organisations and other stakeholders that are involved in or connected with the business of shipping and the places where we operate; we follow applicable laws and responsible business practices.