Sustainability Development Goals (SDGs)

Contribution to Sustainable Development Goals (SDGs)

Sailing Toward Sustainability Goals

Materiality Topics	Key Stakeholders	Our Commitments	Targets 2030	Our efforts to 2023	SDGs
Risk and opportunities arising from climate change	Regulators Shareholders Investors Communities & Society	To identify and assess the impact of extreme climate changes.	Incorporate climate change & natural disaster scenarios into our Risk Management Framework.	Aligned our reporting with the TCFD framework and recommendations and incorporated climate risk into our enterprise risk management.
Carbon footprint & Emissions	Regulators Charterers Shareholders Investors Communities & Society	To reduce carbon footprint and harmonize the Company’s efforts towards environmental conservation.	Reduce CO2 emissions per transport work (ton DWT) at least 40% by 2030, compared to 2008 as the baseline year. Become a player in new energy transportation and supply that supports decarbonization and carbon neutrality.	Joined the Getting to Zero Coalition, an industry group formed to jointly develop commercially viable zero-emission vessels. Reduced CO2 emissions per transport work (ton DWT) in 2023 by about 47%, compared to 2014. All vessels in the fleet are weather routed so as to save on fuel consumption as well as increase safety. Achieved 5% savings in energy consumption and emissions per vessel by installing wake equalizing ducts on 20 vessels in the fleet. We have deployed sensors on 10 vessels to gather and transmit data on fuel consumption and effective engine performance. This information will be analyzed on a real-time basis to provide early warning of engine or hull problems so that these are addressed on a timely basis, thereby reducing emissions. Study use of B24 and B34 biofuels to reduce net emissions. We have decided to replace the propellers on two ships, to reduce emissions. Study fuel additives to improve fuel oil combustion and thereby reduce emissions. Conducted a survey to collect initial inventory and emission data to establish a baseline data set for current employee commute behaviors. Regular staff awareness programs to create awareness and promote low-carbon behavior and energy saving habits among our employees.
Effluents & waste	Regulators Communities & Society	To protect and conserve the environment and to rank environmental considerations equally with commercial and operational factors.	Recycle ships in an environmentally responsible manner. Reduce the fresh water received on ashore by at least 25% by 2029, compared to 2019 as the baseline year. Reduce the food waste on board by 20% by 2029, compared to 2020 as the baseline year. Maintain zero oil spills.	While no vessels were recycled during the period, all vessels have been audited by recognized organizations and issued an “Inventory of Hazardous Materials” certificate, thus ensuring that if and when any of the vessels are recycled, they are done so in an environmentally safe and sustainable manner. In 2023, the Company organized the campaign, “Empowering Oceans Through Marine Life Guardianship” aimed to boost the gulf of Thailand’s blue swimming crab population by releasing them into the sea. The release of blue swimming crabs into the sea, a crucial element of the initiative, directly addressed the overfishing crisis faced by the iconic blue swimmer crab in Thailand. Reduced water sourced from onshore in 2023 by 26.48% compared to 2019. Strategic partnership with local vendors with the objective of gathering and recycling waste papers.
Anti-Corruption	Employees Charterers Suppliers Regulators	To conduct business ethically with a zero-tolerance approach to bribery and corruption.	Maintain zero incidents of corruption.	Provided training sessions for all employees. Communicated our anti-corruption policy and practices to employees, suppliers, financial institutions and other stakeholders. There were no unethical cases reported in 2023.
Economic Performance	Shareholders Employees Investors	To create, preserve and enhance long-term value for our shareholders. To be good stewards of Capital	Build long-term value through sustainability. Control operational cost. Focus on customer needs and on exceeding their expectations.	Yearly evaluation of operational performance and efficiency. Consider investment in new technologies to improve operational efficiency. Achieved lower Opex than the industry average.
Training & Educations	Employees Communities & Society	To reinforce positive attitudes towards health & safety and to amplify the competence and skills of our employees by conducting a range of in-house training and development programs for employees across the organization.	Regularly update or develop an internal training program for all crew members. Focus exercises designed to improve navigational skills and awareness by putting officers through various weather, sea, and port conditions.	A total of 1,330 sea going officers and crew members attended a total of 30 courses that were conducted online and at our training center in bridge team competency during the year. Initiated a scholarship program to support the children of our valued employees and crew members. This program aims to support young individuals in pursuing their academic aspirations. A total of 21 scholarships were granted based on both academic excellence and financial need. Funded a total of 42 scholarships and internships for students within the maritime and transportation industries. Donated to a school in rural Thailand, believing in the transformative power of education for children and communities alike.	.
Occupation Health & Safety	Employees	To conduct business with the highest standards of safety, occupational, and health conditions.	Achieve zero work-related fatalities. Stabilize lost-time injury rate at below 0.30 (per 1 million hours worked)	Ensured a safe and healthy work environment through various anti-pandemic measures. Implementation of remote working to ensure the safety and well-being of employees during the pandemic. Conducted basic fire safety training to prioritize employees the safety of employees and empower our team with critical fire knowledge for a safer workplace.
Diversity and Equal Opportunity	Employees Regulators	To be a fair and caring employer offering its staff equitable opportunities to develop and grow.	Promote a diverse workforce with an inclusive culture	Established a Diversity and Inclusion Policy. Conducted a gender equality training and awareness program for our employees. Granted scholarship to one female cadet.