Eastern Pacific Shipping hits its ESG target two years ahead of schedule
January 28, 2021,
by
Jasmina Ovcina
Singapore-based ship management company Eastern Pacific Shipping (EPS) has met its Environmental, Social & Governance (ESG) policy two years ahead of schedule, the company announced.
EPS started disclosing a fleetwide CO
2 emissions report last year, using the industry-accepted Annual Efficiency Ratio (AER).
In its first report, EPS reported a 2019 AER of 4.7, which showed a steady decline from 2015, where it had an AER of 5.1. This downtrend prompted EPS management to set a target of achieving an AER of 4.5 by 2022.
Today, EPS released its 2021 ESG Policy, where the company announced it achieved an AER of 4.4, meeting its target a full two years ahead of schedule.