AAL Shipping Releases Sustainability Report

Published on:
by KnowESG
KnowESG_AAL Shipping Releases Sustainability Report
Image courtesy of AAL

Singapore-headquartered multipurpose/heavy-lift carrier AAL Shipping has published its sustainability report, utilising disclosure requirements outlined by the Global Reporting Initiative (GRI).

AAL’s 2022 sustainability report is the first it has developed with a rigid GRI framework and then released publicly, said Felix Schoeller, AAL director and head of the carrier’s sustainability committee.

Few from the heavy lift/multipurpose shipping sector have published such reports. “We recognise that our global activities can have a significant impact on the environment and the communities in which we operate. As such, we have committed to ensuring that we work in a manner that is sustainable, ethical, and socially responsible,” Schoeller added.

The 104-page report, which can be seen here, details multiple aspects of AAL’s operations on land and sea, its diverse teams globally, and the systems, processes, and extracurricular activities developed to support them, Schoeller added.

The report was produced by AAL’s sustainability committee comprising Schoeller along with Valentin Gherciu, global head of operations; John Pittalis, head of marketing and communications; and Steward Chen, business analyst. AAL was further supported by specialist sustainability adviser Grow Sustainability Consulting, which is based in Cyprus.

Kyriacos Panayides, AAL Shipping’s CEO, said: “As the entire industry is focusing its resources on decarbonisation and emissions reduction through the adoption of alternative fuels, we are striving to do our part by harmonising sustainable systems and operations within AAL and through the expanded transportation of industrial components that generate new forms of renewable power, like the wind.

“The regulatory framework regarding energy efficiency has become more demanding around the world, but shipping is not new to strict rules and regulations, and here at AAL, we are embracing this change as it is sure to make us all more innovative, efficient, and sustainable.

“The alignment of our ESG goals and values with those of our key stakeholders, both internally and externally, is crucial on our journey to sustainability.”

For more investor-related news

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

Source: AAL Shipping


Investors Headlines

IHS Towers Releases 2023 Sustainability Report

IHS Towers Releases 2023 Sustainability Report

TriNet Earns Top ESG Rating from ISS ESG

TriNet Earns Top ESG Rating from ISS ESG

PATRIZIA Strengthens ESG Team for Impact Investing

CapitaLand Investment Steps Up Sustainability Efforts

Sustainability Tops CEO Agendas for Growth, Says Survey

Hershey Releases 2023 ESG Report

SIDC Updates ICF for Sustainable, Shariah Finance

LONGi Showcases ESG Leadership in 2023 Report

Australian Businesses See Lag in ESG Progress

Singapore Leads in Corporate Sustainability Reporting