Navigator Holdings Ltd. (described herein as “Navigator Gas” or the
“Company”) (NYSE: NVGS), the owner and operator of the world’s
largest fleet of handysize liquefied gas carriers, is pleased to
announce the release of its latest Environmental, Social and
Governance (“ESG”) report (the “ESG Report”) today, showcasing the
Company's commitment to sustainability and social responsibility.
The comprehensive ESG Report provides an overview
of Navigator Gas, its business model and strategy, together with
updates on key developments throughout 2023. The second half of the
report focuses on sustainability performance across key ESG topics,
concluding with a Sustainability and Accounting Standards Board
(“SASB”) Key Performance Table and references to Task Force on
Climate-Related Financial Disclosures (“TCFD”) towards the end.
The full ESG Report is available on our website in
the ‘Investors Centre’ section under ‘Financials’ then ‘Annual
Reports’.
2023 ESG Report
Key highlights from the ESG Report include:
Investing to reduce climate impact:
- BlueStreak CO2 joint
venture, to provide a seamless process to capture, transport and
securely store of CO2 emissions;
- Investment into
Azane Fuel Solutions, to address the urgent need for zero carbon
fuel options in the maritime industry; and
- Expansion of the
ethylene export terminal to increase capacity, improve efficiency
and reduce overall emissions.
Environmental impact:
- Zero spills into the
environment;
- Investment of around
$5 million committed to implementing technologies maximise
efficiency and minimise energy consumption; and
- Mean AER improved by
1.8% and 2.8% year-on-year improvement of the fleet sustainability
score.
Progressive year for gender equality:
- Achieved 39% of
women in shore-based positions;
- Reached 30 female
seagoing employees; and
- Attained 28% of
women in shore-based leadership positions.
Creating safe places of work:
- Zero fatalities
across the fleet and business;
- 14% reduction in
total recordable incident rates; and
- Implementation of a
business-wide safety programme called ‘WeCare’.
Promoting business ethics and integrity across the business:
- 90% of employees and
consultants trained in compliance and anti-corruption
processes;
- No material
anti-corruption incidents recorded in 2023; and
- No violations of the
Code of Conduct and Business Ethics recorded in 2023.
Mads Peter Zacho, Chief Executive Officer, stated:
"I am very pleased that we have been able to enhance the
breadth and scope of our voluntary disclosures, and to report on
the significant progress we have made in implementing our strategy.
This demonstrates that Navigator Gas is forward-thinking, and
leading the way towards a safer and more sustainable gas and energy
supply chain."
The release of this year’s ESG Report underscores Navigator Gas’
ongoing commitment to sustainability by operating safely, reliably
and efficiently.
About Navigator GasNavigator Holdings Ltd.
(described herein as “Navigator Gas” or the “Company”) is the owner
and operator of the world’s largest fleet of handysize liquefied
gas carriers and a global leader in the seaborne transportation
services of petrochemical gases, such as ethylene and ethane,
liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share,
through a joint venture, in an ethylene export marine terminal at
Morgan’s Point, Texas on the Houston Ship Channel, USA. Navigator
Gas’ fleet consists of 56 semi- or fully-refrigerated liquefied gas
carriers, 25 of which are ethylene and ethane capable. The Company
plays a vital role in the liquefied gas supply chain for energy
companies, industrial consumers and commodity traders, with its
sophisticated vessels providing an efficient and reliable ‘floating
pipeline’ between the parties, connecting the world today, creating
a sustainable tomorrow. Navigator Gas’ common stock trades on the
New York Stock Exchange under the symbol “NVGS”.
For media inquiries or further information, please
contact:
Alexander WalsterHead of ESG & Communications Email:
communications@navigatorgas.comVerde, 10 Bressenden Place, London,
SW1E 5DH, UKTel: +44 (0)7857 796 052, +44 (0)20 7045 4114
Navigator Gas Investor RelationsEmail:
investorrelations@navigatorgas.com, randy.giveans@navigatorgas.com333
Clay Street, Suite 2400, Houston, Texas, U.S.A. 77002Tel: +1 713
373 6197, +44 (0)20 7340 4850
Investor Relations / Media AdvisorsNicolas Bornozis / Paul
LampoutisCapital Link – New YorkTel:
+1-212-661-7566Email: navigatorgas@capitallink.com
Forward Looking StatementsThis
press release contains certain forward-looking statements
concerning plans and objectives of management for future operations
or economic performance, or assumptions related thereto, including
statements relating to Navigator Gas’ strategy for ESG.
In addition, we and our representatives may from
time to time make other oral or written statements that are also
forward-looking statements. Such statements include, in particular,
statements about our plans, strategies, business prospects, changes
and trends in our business and the markets in which we operate.
In some cases, you can identify the forward-looking
statements by the use of words such as “may,” “could,” “should,”
“would,” “expect,” “plan,” “seek,” “target,” “aim,” “become,”
“anticipate,” “intend,” “forecast,” “believe,” “estimate,”
“predict,” “propose,” “potential,” “continue,” “scheduled,” or the
negative of these terms or other comparable terminology.
These forward-looking statements involve many risks
and uncertainties that could cause actual results to differ
materially from those expressed or implied by such statements.
These risks and uncertainties include, but are not limited to,
those set forth in the periodic reports Navigator Gas files with
the Securities and Exchange Commission.
All forward-looking statements included in this
press release are made only as of the date of this press release.
New factors emerge from time to time, and it is not possible for us
to predict all these factors. Further, we cannot assess the impact
of each such factor on our business or the extent to which any
factor, or combination of factors, may cause actual results to be
materially different from those contained in any forward-looking
statement.
We expressly disclaim any obligation to update or
revise any of these forward-looking statements, whether because of
future events, new information, a change in our views or
expectations, or otherwise. We make no prediction or statement
about the performance of our common stock.
Category: General
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