Algoma Central relates progress and new objectives in its 2020/21 sustainability report
In its 2020/2021 sustainability report, Algoma Central Corporation delves into the company’s sustainability priorities, actions and progress over the last two years across its three integral pillars of people, planet and prosperity. The report outlines the company’s management approach and performance on environmental, safety and social issues. Notable highlights include:
- A record 68% of Algoma’s fleet earning the company’s Gold Flag (for a vessel’s excellence in safety performance, incident reduction, as well as customer value provision over a period of at least one year), an increase of 19% from 2020
- Progressive fleet renewal with the delivery of the Algoma Intrepid in 2020 and the Captain Henry Jackman in 2021 to replace the Algoma Enterprise and Algoma Spirit respectively, (with both retired vessels recycled responsibly)
- An 18% reduction in GHG intensity on domestic dry bulk carriers since 2008, putting Algoma Central on target to reach the 25% by 2025 goal set in 2015
- A new GHG reduction target of 40% by 2030 (with the 2008 baseline)
- The diversion of 156.3 metric tons of shipboard and shoreline recyclables from landfills
- More than $210,000 in donations to community initiatives across Canada
The report has an entire page dedicated to Algoma Central Corporation’s Green Marine environmental performance, which relates the company’s 2021 results for each of the performance indicators and outlines its progress in each area over the last two years.
Guidelines established by the Global Reporting Initiative (GRI) Sustainability Reporting Standards as well as the Sustainability Accounting Standards Board (SASB) were used in the report’s preparation.