- Instability of the global economy, geopolitical tensions, and increasingly stringent environmental regulations impacting freight rates and transportation demand in the shipping industry
- Fluctuations in the Baltic Dry Index (BDI)
- Impact of the pandemic on China's domestic trade and investment in Grand Ocean Retail Group
- Challenges of a complex and volatile external environment impacting Grand Ocean's overall results
First Steamship Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, First Steamship Co., Ltd. disclosed greenhouse gas emissions of 64.1K tCO2e/year (Scope 2). By scope: Scope 1: 0.5008 tCO2e/year; Scope 2: 64.1K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
64.1K tCO2e/year (Scope 2)
2023
Water Usage
901.3K m3/year
2023
Waste
370.80 tons/year (First Steamship)
2023
Energy Use
402.4K GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0.5008 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 64.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Gradually replacing lighting fixtures from traditional electronic and T5 lamps to LED lamps in Grand Ocean Retail Group's shopping malls
- Adjusting air conditioning usage based on weather and indoor temperature conditions to continuously reduce energy consumption in Grand Ocean Retail Group's shopping malls
- Achieved a 100% safety arrival rate in 80 voyages
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete GHG self-inventory by 2024
- Complete GHG inventory and set it as the base year by 2025
📅 Medium-term
- Complete GHG inventory by 2027
- Achieve 15% GHG reduction by 2030
🔭 Long-term
- Achieve 30% GHG reduction by 2040
- Achieve 50% GHG reduction and carbon neutrality by 2050
🌱 ESG Focus Areas
Maintaining marine transportation safety and expanding capacity to meet the needs of ship leasing clientsCollaborating with department store counter vendors to provide high-quality products/services to consumersEnsuring a healthy and safe workplace, adjusting compensation as needed, and retaining talented employeesStrengthening staff integrity training to protect business secrets with robust cybersecurity measuresEnergy conservation and carbon reduction to contribute to a sustainable environment