Ocean transportation has a significantly lower environmental footprint per transport work when compared to other major modes of transportation. That said, in aggregate, it is still a major source of carbon dioxide and GHG emissions.

When it comes to decarbonization, the maritime sector must play an even larger role in addressing climate change as the sector is a key stakeholder when it comes to both the causes and solutions related to the issue. To address climate change and its impact, we have adopted the TCFD framework to identify climate change-related risks and incorporate them into our management policies. The TCFD framework provides a progress update across each of the TCFD pillars: Governance, Strategy, Risk Management, and Metrics and Targets.