Hapag-Lloyd Publishes Sustainability Report

Maritime Activity Reports, Inc.

April 24, 2019

Pic: Hapag-Lloyd

Pic: Hapag-Lloyd

As one of the largest liner shipping companies, Hapag-Lloyd bears a special responsibility for the environment, for its customers and shareholders, and for its employees, said the container shipping company in its second sustainability report.

German-based transportation giant pointed out that ninety percent of all goods traded worldwide are transported by ship. With its 227 vessels, Hapag-Lloyd transports approximately 12 million containers per year. Container shipping thereby makes a significant contribution to a well-functioning global trade network.

The current sustainability report, titled “Gathering Pace Together”, also includes the legally required non-financial report. As part of the reporting, the reader gains insight into the broad spectrum of Hapag-Lloyd’s sustainability-related activities, which deal with topics such as combating corruption, employee training and data protection.

Furthermore, Hapag-Lloyd presents its environmental sustainability management and formulates ambitious targets for the years ahead.

“In 2018, we were once again able to reduce the fuel consumption of our global fleet through efficiency measures. We have also lowered our specific emissions. This puts us on track to achieve our target of a 20 percent reduction by 2020,” says Jörg Erdmann, Senior Director Sustainability Management.

Another important point is the International Maritime Organization’s global fuel regulation IMO2020. This regulation, which will enter into force on 1 January 2020, will lower the cap for sulphur content in marine fuels from 3.5 percent to 0.5 percent.

“The new regulation is an important step on the way to lower-emission shipping. Even though the switch to low-sulphur fuels will entail significant costs, we are convinced that this directive is necessary. And we are prepared, as our fleet will operate using compliant fuels by 1 January 2020. In addition, we are testing other options, and Hapag-Lloyd will be the first shipping company to convert a large container ship to climate-friendly liquefied natural gas,” Erdmann adds.

For this year’s sustainability report, Hapag-Lloyd incorporated the Sustainable Devel-opment Goals (SDGs) of the United Nations for the first time. The SDGs consider all three dimensions of sustainability – the economy, the environment and social com-mitment – and help companies to design their business processes to be sustainable over the long term.

Hapag-Lloyd’s activities contribute to 6 of the 17 overall goals. For example, measures aimed at optimising the structure of the fleet have contributed to lower fuel consumption and thereby contributed to the goal of climate protection.

With a fleet of 227 modern container ships and a total transport capacity of 1.6 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. The Company has around 12,000 employees and 394 offices in 127 countries.

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