Navigator Holdings published its 2022 ESG (Environmental, Social, Governance) report where it noted that it aims, among other things, that 35% of leadership positions will be filled by women by 2028.
Developed with support from Boston Consulting Group and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Navigator’s ESG Strategy identifies three ‘lighthouse’ focus areas, where the Company believes that, through its capabilities, it can make the biggest impact and lead the shipping industry. In these three areas, Navigator aims to:
- Contribute to the shipping industry’s target to become net zero by 2050;
- Derive one third of revenues from green cargo such as blue/green ammonia and CO2 by 2030; and
- Ensure that 35% of onshore leadership positions are filled by women by 2028.
Highlights from the Navigator’s 2022 ESG Report
Accelerating our climate change action
- Improved Weighted Annual Efficiency Ratio to 13.54
- Rolled out new digital greenhouse gas accounting platform
- Reported Scope 3 category 3 fuel- and energy-related activities and category 7 employee commute GHG (greenhouse gas) emissions for the first time
Minimizing our environmental impacts
- No loss of containment into the environment
- Recorded an energy efficiency operational indicator (EEOI) of 56.73
- Improved Fleet Sustainability Score to 0.76
Empowering people to thrive
- Achieved 34% women in onshore positions
- Committed $100,000 to corporate philanthropy
- Reached 28 female officers and cadets across the fleet
Creating a safe and secure workplace
- Completed safety maturity assessment
- Achieved zero fatalities or major accidents across our fleet
- Maintained zero security incidents on our vessels
Promoting Integrity with our people and suppliers
- Set up Board ESG committee and appointed first Head of ESG
- Became member of Maritime Anti-Corruption Network
- Launched strengthened whistleblowing policy
The aims announced today demonstrate how Navigator wants to lead the shipping industry’s contribution to creating a low carbon world. Building on our success to date, I believe that we are in a strong position to lead on this agenda.
… said Mads Peter Zacho, Chief Executive Officer of Navigator
