Sustainability

At Gram Car Carrier, we focus on environmental, social and governance (ESG) performance, including formalising how we measure, manage and report on material ESG topics. We seek to provide relevant, financially material, and industry specific sustainability information to our stakeholders.


Gram Car Carrier defines sustainability as achieving commercial profitability in a way that is consistent with our values and with respect for individuals, the environment and society.

We are committed to respecting human rights and diversity, establishing good health and safety policies, facilitating active dialogue with stakeholders and operating in accordance with applicable regulatory frameworks and good business practice.

While Gram Car Carriers has been publishing an annual ESG report for numerous years, in February 2024 the Board of Directors adopted a new, dedicated ESG comittee to assisst the Board in discharging its responsibilities and duties related to material ESG matters relevant to the business acitivities of the Group (Charter of the ESG Comittee).

 

Download the full report for 2022.

Download the full report for 2021.

Download the full report for 2020.

 

Key performance figures (for 2022)


GHG emissions
(Metric tonnes CO2, owned vessels)

499,176*

Sailing distance
(nm, owned vessels)

1,689,099

LTIF
(0 marine casualties)

1.1

Number of  owned vessels in fleet
(as at 31/12/2022)

19

Fines or significant environmental
incidents

0

Average age of fleet
(years)

12.8

 

Key performance figures (for 2021)

GHG emissions
(Metric tonnes CO2, owned vessels)

432,790*

Sailing distance
(nm, owned vessels)

1,489,015

LTIF
(0 marine casualities)

0.0

Numbers of vessels in fleet
(as at 31/12/2021)

20

Fines or significant
enviromental incidents

0

Average age for fleet
(years)

11.8

 

*Scope 1: GHG Protocol – Approach: Financial Control

 

Gram car Carrier has a long-term ESG goal of reducing total GHG emissions by at least 50% by 2050


Gram Car Carrier adheres to the following ESG initiatives:

  • The SASB Marine Transportation Standard (2018)
  • The Norwegian Ship Owners’ Association ESG Reporting Guidelines
  • The Poseidon Principles - a global framework for responsible ship finance
  • IMO’s fuel oil sulphur content requirement, lowering the upper limit from 3.5 to 0.5%
  • EU ship recycling regulation and the Hong Kong convention for the safe and environmentally sound recycling of ships (Download: Ship Recycling Policy)
  • The Neptune Declaration - protecting workers’ rights and establishing best practices for crew changes during the global COVID-19 pandemic
  • Corporate governance guidelines from the Norwegian Corporate Governance Board (NUES)
  • Marine Anti-Corruption Network (MACN) – the leading anti-corruption initiative in the maritime Industry
  • EU’s General Data Protection Regulation (GDPR) and the IMO Resolution on Maritime Cyber Risk Management
  • Taskforce for Climate-related Financial Disclosures (TCFD) (Download: Climate Risk Statement). 

UN’s sustainable development goals
The word is under increasing sustainability challenges, and businesses, organizations and government authorities must actively contribute to meet the challenges. Gram Car Carrier seeks to contribute to achieving the UN’s global goals for sustainable development.

Reporting on Sustainability
At Gram Car Carrier openness and transparency around our sustainability efforts is important to increase our accountability and stakeholder confidence. To deliver on transparency, Gram Car Carrier is publishing an annual Sustainability Report disclosing performance and development on material Environmental, Social and Governance topics.