Our Sustainability Strategy
Sustainable business practices are an important platform for creating long-term value and fundamental to being a successful, professionally-managed and reputable company.
The way we see sustainability and our related strategies is evolving. Our sustainability initiatives and reporting are guided by strategic objectives encompassed in a framework of four sustainability drivers:
Environmental Responsibility
Decarbonising our fleet, managing our waste and use of resources, and minimising our impact on biodiversity as we continue to grow our business
Responsibility to our people
Safeguarding a decent, healthy and safe work environment and nurturing an empowered and inclusive organisation, while developing a well-supported and competent workforce
Responsible value creation
Serving, helping and collaborating with customers, suppliers, the seafarer community and other stakeholders to support a responsible and resilient supply chain and PB community
Responsible business fundamentals
Evolving and enhancing management and governance practices (including due diligence, financial and risk management, integrity and transparency) to safeguard business resilience and stakeholder trust and confidence
These responsibilities are core to our culture, strategy and long-term vision, and it is our spirit and culture that turn sustainability efforts into reality and make a difference both within and outside of our organisation.
Our commitment to and performance in the above overarching areas of sustainability are discussed in detail in our downloadable reports as follows:
Our sustainability reporting follows the Hong Kong Stock Exchange's Environmental, Social and Governance (ESG) Reporting Guide.
Our Compliance with SEHK ESG Reporting
We are recognised within and outside our industry for the quality of our corporate governance, investor relations and commercial, technical, safety and CSR management, and we are proud to be stewards of best practices across these areas.
Seatrade Maritime Awards
- Shipping Company of the Year Award
IBJ Awards (International Bulk Journal)
- Bulk Ship Operator of the Year Award
Hong Kong Marine Department Awards
- Outstanding Performance in Port State Control Inspections (13 times in the past 14 years)
- 25th Anniversary Award for Long-standing Quality Partnership with Hong Kong Shipping Registry
HKICPA Best CG and ESG Awards
- Gold Award in Most Sustainable Companies Awards (Medium Market Cap)
Hong Kong ESG Reporting Awards
- Grand Award for Excellence in Environmental Positive Impact
- Commendation for Best ESG Report (Mid-cap)
Sustainability Highlights 2022
| Human Capital | Natural Capital | Social & Relationship Capital |
|---|---|---|
Our Impact in 2022Healthy working conditions, a strong safety culture, opportunities to advance and responsible business practices are the foundations of how Pacific Basin operates. |
Our Impact in 2022Propelling vessels across oceans requires a number of resources or inputs, the consumption of which results in outputs that impact the environment. |
Our Impact in 2022We are responsible members of the communities where our ships call and where our employees live and work. We are engaged members of our industry. |
3,900+seafarers |
12,300,000nautical miles travelled |
676ports across 99 countries |
373shore-based employees |
1,117,000tonnes of fuel consumed |
14office locations worldwide |
Our Performance86%Seafarer Retention 11ships per Safety & Training Manager 57%shore staff received external training |
Our Performance9.66grams of CO2 per tonne-mile 1.53mtonnes of CO2 emitted by our owned fleet 2efficient modern ships joined our owned fleet in 2022 |
Our PerformanceUS$312,000charitable donations and sponsorship – mainly for seafarer welfare causes "Your crew was one of the best crews I’ve worked with. Loading of the vessel was made easier for my foreman because of everyone on this ship. We thank the crew for their cooperation." Message of appreciation from one of many ports where our ships trade |
Our StrategyWe 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 StrategyOur 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 StrategyWe 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. |
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Responsible business fundamentalsWhat good governance means to us Good corporate governance enhances stakeholder confidence in Pacific Basin as a partner and a place to invest.
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Our ESG StrategyFind out more ESG is about recognising our responsibilities to the safety and wellbeing of our staff, the environment and the communities in which we operate.
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2022 Sustainability ReportView our Sustainability Report (PDF)