V.Group ESG 2021

Single Use Plastic Charter We continue our in our ambitions to reduce our overall plastic consumption. To achieve these ambitions, we intend to continue promoting the use of alternative drinking water sources to reduce dependency on plastic bottles, adopting the Single Use Plastics policy proposed by UK Chamber of Shipping, and promoting the use of alternative packaging throughout our supply chain. Our plastic use has decreased by 7% in the past year. GHG Verification and Scope Evaluation V.Group is committed to increasing our ability to collect and disclose accurate and useful data. Not only will this give our stakeholders confidence in our reporting, but it ensures we can develop internally with reliable information. To this end we have taken the step to have our current GHG emission metrics verified by a third-party consultancy. In the coming year, we are also proud to have commissioned a study into how we define, consider and collect material Scope 3 emissions that will be informative and useful to disclose in future reports.

We continue to have a goal of 100% employees educated in environmental and energy awareness from 2021 onwards. Our commitment to decarbonisation doesn’t stop with our fleet – we have increased the usage of renewable sources of energy on shore within our offices by 21% in 2020. OceansFirst Initiative At V.Group we aim to operate vessels as safely and as efficiently possible – full stop. As an industry, merchant shipping has faced many challenges over the decades, but few have required the same level of coordinated response as now. As part of our ESG strategy, we have introduced OceansFirst, which is an endorsement of our commitment to the environment and especially the conservation of our oceans, providing a common vision for our company and stakeholders affecting our environmental and business strategies. V.Group’s OceansFirst webinar series is aimed at highlighting the challenges facing our industry and discussing potential solutions. The first series ran in November and coincided with COP26 at a time when the world’s focus was on environment and sustainability issues. Further OceansFirst series are planned for 2022.

Environmental | 11 Photo: Capt. Alexey Usov, Seaways Yellowstone 1

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