Our Sustainability Strategy
Our industry is facing an evolving and increasingly complex business landscape which poses both risks and opportunities for our company. To navigate the challenges of today and tomorrow, and to further define our role as industry leaders, we are harnessing our culture of “doing the right thing” and putting it to work in a pragmatic sustainability framework comprising four pillars of responsibility.
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 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
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
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.
IBJ Awards (International Bulk Journal)
- Bulk Ship Operator of the Year Award
HKICPA Best CG and ESG Awards
- Gold Award in Most Sustainable Companies Awards (Medium Market Cap)
Hong Kong ESG Reporting Awards
- Grand Award for Best ESG report (mid-cap)
- Grand Award for Excellence in Environmental Positive Impact
- Grand Award for Excellence in ESG Governance
- Commendation for Excellence in Social Positive Impact
Hong Kong Marine Department Awards
- Outstand Performance in Port State Control Inspections
- Award for Bravery
Recent Past Awards
Some notable other awards in recent years include:
- Shipping Company of the Year at Seatrade Maritime Awards 2022
- Excellence in Dry Bulk Shipping at Lloyd’s List Asia Pacific Awards 2019
- People Development Award at International Bulk Journal Awards 2019
- Dry Bulk Operator of the Year at Lloyd’s List Global Awards 2018
- Customer Care Award at International Bulk Journal Awards 2018
- Company of the Year at Lloyd’s List Global Awards 2017
Sustainability Highlights 2023
| Human Capital | Natural Capital | Social & Relationship Capital |
|---|---|---|
Our Impact in 2023Healthy working conditions, a strong safety culture, opportunities to advance and responsible business practices are the foundations of how Pacific Basin operates. |
Our Impact in 2023Propelling vessels across oceans requires a number of resources or inputs, the consumption of which results in outputs that impact the environment. |
Our Impact in 2023We are responsible members of the communities where our ships call and where our employees live and work. We are engaged members of our industry. |
5,100+seafarers |
14,000,000nautical miles travelled |
857ports across 108 countries |
389shore-based employees |
1,155,000tonnes of fuel consumed |
14office locations worldwide |
Our Performance95%Seafarer Retention 9ships per Safety & Training Manager 40%shore staff received external training |
Our Performance8.49grams of CO2 per tonne-mile 1.47mtonnes of CO2 emitted by our owned fleet |
Our PerformanceUS$204,000charitable 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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2023 Sustainability ReportView our Sustainability Report (PDF)