We will help create a resilient environment that provides for our future by pursuing a long-term goal of decarbonisation, optimising energy efficiency, and protecting, and where viable, enhancing biodiversity of the environment.
Our Environmental Goals and Commitments
CNCo has in place a number of policies viz. our Environmental, Sustainable Development and Biodiversity Policies and continues to seek innovative ways to minimise any negative impact of our businesses on both the environment and biodiversity in the regions in which we operate. Over the years, we have made significant progress towards environmental sustainability by adopting a proactive approach towards sustainable shipping, expanding our fuel-efficient fleet and implementing a number of operational initiatives.
We are committed to a target of zero pollution incidents and our goal is for our operations to have a net zero impact on the environment and its biodiversity. We have set an internal, industry-based target, in line with the IMO's commitment to align with the United Nations Framework Convention on Climate Change (UNFCCC) Paris agreement. We are working actively to achieve a KPI of a reduced Energy Efficiency Operational Indicator (EEOI) - the energy we expend moving one unit of cargo over one nautical mile. By the end of 2020, we aim to achieve reduction of 22% below baseline. This is 3% more aggressive than the IMO, non-regulatory, target, and is a key goal to advance our journey towards net zero environmental impact.
Our progress for the bulk and liner fleets' EEOI since 1st January 2014 (using 2013 as our baseline) is shown in the graphs in the data section.
The EEOI figures for our liner fleet show small fluctuations over the 12-month reporting period. We are working with Fleet Management and each operational division on improving the EEOI performance. Due to the high direct correlation between the vessel speed, schedule integrity and volumes of cargo carried, there was a spike in EEOI during the March - April period which has since slowly declined over the second half of the year. Our liner fleet was 29% behind our target at the end of December 2019.
Our bulk fleet's EEOI has been declining since November 2018 due to higher utilisation rates and shorter ballast voyages. The data dipped below the target in June 2019 and have been on a downward trend since. They finished the year 4.7% ahead of our target.
We will continue monitoring the GHG emissions for each vessel on both a per voyage and an annual basis, using the IMO EEOI metric as our baseline. We remain committed to deploying more fuel-efficient vessels, rationalising individual trades and focusing on operational efficiency within both business divisions.
The other objectives (KPIs) towards achieving net zero environmental impact included:
Building on what we have achieved already since 2013, we revised our environmental goals and targets to 2030 at a Senior Management Meeting in early 2020, and these will be reported in our next report.
Responsibility in our supply chain
CNCo has a Responsible Cargo Carriage Policy (RCCP) which is available on our website. We recognise the importance of conserving species diversity and we have a responsibility not to consume or facilitate trade in any flora or fauna or their produce that may threaten the sustainability of any species. CNCo's "Standard Terms and Conditions for Bookings and Quotations" includes the absolute requirement for shippers to comply with our RCCP.
Photo: James Thornton on Unsplash
Environmental Initiatives and Achievements
