Environmental
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.
Partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping V.Group has reinforced its commitment to decarbonisation of the shipping industry by launching a dedicated ‘Sustainability & Decarbonisation’ department and entering a strategic partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. Launched in 2020 as an independent, not-for-profit organisation, the Center is undertaking intensive research and development to find practical ways to decarbonise the maritime industry through several global initiatives. As a partner, V.Group intends to support its customers in the use of transition fuels, including green ammonia and hydrogen, in anticipation of a stricter regulatory climate. Our work with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping extends to the development of tools to assist shipowners in the development of their fleet
decarbonisation strategies. The Fleet Decarbonisation Optimiser (FDO) analysis industry data on the cost effectiveness of various ship efficiency upgrades, engines and fuels. Using this tool, shipowners can quickly and easily assess what upgrades to make and when, evaluate engine and fuel configurations, and consider vessel retirement options. Scenario analyses are undertaken that reflect the uncertainty of factors such as regulations, economics of alternative fuels, financing landscape that might impact a decarbonisation journey. Formation of ESG Committee In 2021, we formalised our ESG committee. This group brings together senior members from many business units and functions with the sole aim of ever increasing our knowledge base on ESG, and bringing this to both internal colleagues and clients.
Key Metric
2021 Data
2020 Data YOY% (+/-)
Total GHG Emissions Cargo Transportation Fleet, Logistics and Air Travel [TR-MT-110a.1]
12,386,209 t CO 2 -e
13,174,785 t CO 2 -e
-5.99%
Total Fleet Energy Consumption Cargo Transportation Fleet [TR-MT-110a.3]
158.05 GJ (60.57% heavy fuel oil)
155.75 GJ (35.66% heavy fuel oil)
+1.47% (+69.85%)
Avg. Energy Efficiency Design Index (EEDI) for new ships [TR-MT-110a.4]
n/a
4.59
n/a
#
Total Pollutant Emissions Cargo Transportation Fleet [TR-MT-120a.1]
NO X 355,474 mt SO X 27,573 PM 10 31,445
NO X 236,475 mt SO X 47,190 PM 10 23,660
+50.32% -41.57% +32.90%
IMO2020 Compliance % of Fleet using Exhaust Gas Cleaning Systems / Low-Sulphur Fuel Oil Implemented Ballast Water Exchange / Treatment [TR-MT-160a.2] Number and Aggregate Volume of Spills and Releases to the Environment [TR-MT-160a.3]
6.74% / 91.8%
4.49% / 100% +50.11% / -8.20%
50.4% / 49.6%
62.2% / 37.8% -18.97% / +31.22%
1 0.01 m 3
5 0.03 m 3
-80% -66.67%
Total Plastic Disposed
11,272.4 m 3
n/a
10,577.7 m 3
Total Shoreside GHG Emissions +
461.9 t CO
2 -e
n/a
n/a
1
Total Shoreside Energy Consumption +
1,075.9 mWh
n/a 1
n/a
Total Shoreside Paper Use
n/a 1
n/a
n/a 1
# EEXI and EEDI are a once in a lifetime calculation, that’s it doesn’t change unless significant modifications are done. + Shoreside emissions data for V.Group’s controlled and owned sources in UK only. 1 This metric is unavailable/affected by the wider impact of COVID-19.
Environmental | 11 Photo: Capt. Alexey Usov, Seaways Yellowstone 1
10 | V.Group
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