Sustainability
We believe that reporting on our environmental, social and governance (ESG) performance is vital for maintaining the confidence of our stakeholders. Find out more about our approach to sustainability and ESG.
Fleet by the end of 2024 - 48
2023 - 49
Number of spills - 0
2023 - 0
Total DWT - 2,444,702
2023 - 2,491,731
Distance sailed (nm) - 3,131,017
2023 - 3,009,093
Health and Safety - (LTIR) 1.09
2023 - 1.08
CO₂ emission (MT) - 861,391
2023 - 833,260
Number of shipboard employees - 1,058
2023 - 1,070
Average Efficiency Ratio (AER) - 5.4
2023 - 5.5
ESG
As a global company operating within the shipping industry, Saga Welco is exposed to and actively navigates a range of environmental, social and governance (ESG) challenges that include greenhouse gas emissions, potential spills, marine casualties, health and safety and human rights. We are determined to follow the highest standards and for us transparency is instrumental.
Reporting on our (ESG) performance is vital to maintaining the confidence of our stakeholders. For the past 6 years we have therefore consistently reported on our impact, and we are constantly evaluating and seeking to improve our performance on sustainability.
All aspects of sustainability are important for Saga Welco and our operation is governed by several core documents, including the Code of Conduct, Code of Conduct for suppliers, Saga Welco’s Norwegian Transparency Act Statement, the Anti-Corruption and Anti-Bribery Policy. These documents outline our company’s general policies and procedures that all employees and business partners must adhere to. By doing so, we ensure that everyone’s conduct aligns with the high ethical standards and complies with all relevant laws, rules, and regulations.
These documents are always available in updated versions at the bottom of our web page.
The importance of the crew
Our cooperation with our Head Owners and their Technical Managers is tight, respectful, and transparent.
We recognize the seafarers to be amongst our key workers and we value their effort and dedication very highly. Their safety and well-being are of the utmost importance, and we make sure that Saga Welco’s ethical standards are back-to-back with those of our Head Owners and crewing organizations. We make sure that their voice and possible concerns are heard and plan each vessel’s route as optimal as possible with respect to safety at sea. We are extremely grateful for their service and the sacrifices they make every day in Saga Welco’s service.
Waste and water management
Our crews recognize the critical importance of effective waste management in safeguarding the marine ecosystems. They actively monitor all waste types while recording the total volume generated. By taking these proactive steps, out team contribute to a healthier ocean and a more sustainable future for everyone.
We also recognise that the treatment of ballast water is crucial for protecting our underwater ecosystem. All our pool vessels are equipped with IMO/USCG-approved ballast water treatment systems (BWTS) that prevent the introduction of harmful threats to the marine environment.
Our vessel crews are well-trained to prevent harmful threats from occurring.
We did not record any harmful spills to the ocean in 2024.
Voluntary initiatives
The Port of Los Angeles Vessel Speed Reduction Program (VSRP) aims to reduce particulate matters and emissions from ocean-going vessels by reducing their speed as they approach or depart the Port. Saga Welco is an active participant in VSRP. In 2024, Saga Welco had a compliance rate of 94 % (16 out of 17 port calls).
The Port of Vancouver’s ECHO (Enhancing Cetacean Habitat and Observation) Program aims to reduce the impact of commercial activity on at-risk marine life in British Columbia’s coastal waters. Saga Welco has voluntarily participated in the ECHO Program since 2014, when the program was initiated. The long-term goal of the ECHO Program is to develop and implement initiatives that lead to a measurable decrease in threats to whales resulting from shipping activities.
Weather routing Saga Welco uses weather routing for all vessels. This solution massively enhances the safety for the ship and crew by efficiently avoiding bad weather. It also enables the vessels to utilize world’s current and weather systems to reduce sailing durations and reduce fuel consumption and thereby GHG footprint.
At Saga Welco, we recognize the central role our industry plays in addressing the global challenges of climate change, resource efficiency and fair development. The maritime industry stands at a crossroads, and we are determined to lead the way by integrating sustainability into every facet of our operations.
Looking ahead, we understand that the journey to sustainability is a marathon, not a sprint. As we navigate this path, we are committed to innovation, collaboration, and continuous improvement. Together with our partners, customers and stakeholders, we are shaping a future where maritime trade contributes positively to the environment and society.
