Environmental Commitment Policy
Penanshin Shipping
Our Commitment
At Penanshin Shipping, we are guided by one of our core values – Care for the Environment and Society. This value shapes our commitment to environmental protection and reducing our ecological footprint. For us, sustainability is more than just regulatory compliance – it’s an integral part of how we conduct our business.
We uphold high standards of ethics, integrity, and sustainability, and strive to incorporate key environmental considerations such as greenhouse gas (GHG) emissions, energy efficiency, and environmentally responsible products and services into our operations. This policy outlines our approach to managing environmental risks and impacts, serving as a framework to build responsible practices and generate long-term value for our stakeholders.
Policy Objectives
This Environmental Policy aims to:
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Strengthen Penanshin Shipping’s environmental program through a structured governance model.
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Collaborate with stakeholders to identify, assess, and address our environmental impact while understanding their expectations.
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Act transparently and ethically in compliance with all relevant environmental laws and regulations.
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Establish systems to track, report, and improve our environmental performance consistently.
Scope and Applicability
This policy applies to Penanshin Shipping and all its subsidiaries across operational regions, collectively referred to as “Penanshin” or “the Group.”
Policy Commitments
Penanshin Shipping is dedicated to improving its environmental performance and minimizing negative impacts through the following commitments:
Environmental Stewardship
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Identify environmental issues relevant to our operations, assess associated risks, and set measurable goals and action plans to address them.
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Ensure compliance with local and international environmental standards and guidelines.
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Support a circular economy by using natural resources responsibly, encouraging reuse and recycling, managing waste effectively, and preventing pollution.
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Monitor key environmental indicators and ensure alignment with our environmental targets.
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Foster environmental awareness and accountability throughout the organization and with external partners, including contractors and stakeholders.
Training & Awareness
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Equip employees and relevant stakeholders with the knowledge and tools needed to actively support and implement this policy through regular education and training programs.
Regulatory Compliance
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Comply with all applicable environmental laws, regulations, and standards.
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Allocate necessary resources to track progress and performance against environmental goals and ensure accessibility to information for continuous improvement.
Continual Improvement
We are committed to continually enhancing our Environmental Management System by:
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Improving overall environmental performance.
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Encouraging a company-wide culture that embraces environmental responsibility.
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Promoting employee participation in sustainability initiatives.
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Sharing progress and key developments related to our environmental goals with employees and their representatives.
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Maintaining documentation to demonstrate continuous improvement.
Implementation Strategy
To effectively implement this policy, Penanshin Shipping will:
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Apply the Check cycle to set and review environmental objectives and targets.
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Develop and manage standard operating procedures and systems in line with regulatory and industry best practices.
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Conduct regular audits on resource consumption and identify opportunities for conservation and waste reduction.
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Review this policy and associated plans periodically to ensure continued relevance and effectiveness.
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Build awareness and communicate our environmental commitments and achievements across the organization and to key stakeholders.
