Seaspan Environmental
Seaspan recognizes the importance of developing and promoting sustainable shipping practices and leveraging its fully integrated operating platform and expertise to address the environmental impacts of its business.
Sustainable Financing
Seaspan continues to strengthen its environmentally conscious activities and ambitions through its innovative sustainable financing efforts.
These efforts include:
- Issuing $500 million of sustainability-linked bonds,
- $250 million Revolving Credit Facility,
- $750 million of Blue Transition Bonds, and
- a $2.5 billion sustainability-linked portfolio financing program, which includes $1 billion of private placement notes.
These financings support Seaspan’s sustainability objectives with bespoke structures based on carbon emissions, sustainability-linked charters, and ambitious investment targets for decarbonization.
To meet and exceed the IMO’s GHG reduction targets, Seaspan has developed a decarbonization strategy based on four pillars:
Continuous Efficiency Improvement
Seaspan Action for Vessel Energy Reduction or “SAVER”, is Seaspan’s eco-vessel initiative aimed at improving the overall efficiency of the vessel, reduce fuel consumption and improve cargo loadability. The result is lower fuel consumption and emissions per unit of cargo carried, which is important considering the expected high cost of alternative fuels and GHG emissions.
Transition Pathways
Seaspan Action for Vessel Energy Reduction or “SAVER”, is Seaspan’s eco-vessel initiative aimed at improving the overall efficiency of the vessel, reduce fuel consumption and improve cargo loadability.
The result is lower fuel consumption and emissions per unit of cargo carried, which is important considering the expected high cost of alternative fuels and GHG emissions.
Fleet Insights
Seaspan continues to develop data systems and analytical capability, providing actionable insights and intelligence to be used for decision support and improved operational performance.
Market Based Initiatives
Seaspan considers all commercial and financial aspects through the transition, including revenue generation and value preservation of our assets.
These initiatives involve collaboration with customers and industry partners to develop practical solutions and offerings that enhance our value proposition, including work on sustainability-linked charters, carbon credits and taxes, and sustainability-linked financing.
Report
Materiality Assessment
Additional Focus Areas identified the following material environmental topics:
Other Air Pollution
Such as nitrogen oxides (“NOx”), sulfur oxides (“SOx”), and Particulate Matter (“PM”) emissions
Ecosystems and Biodiversity
Such as oil spills, loss of containers, reduction of plastic waste and invasive species