Sustainability at Concord
Committed to environmental stewardship, social responsibility, and governance excellence. Driving sustainable growth while protecting our planet for future generations.
Sustainability is at our core
At Concord Bulk Carrier Inc., sustainability is not just a goal—it's the foundation of how we operate. We believe that responsible business practices are essential for long-term success and for creating value for our stakeholders, communities, and the environment.
Our sustainability strategy is built on three pillars: Environmental Stewardship, Social Responsibility, and Governance Excellence. Through these pillars, we are committed to reducing our environmental footprint, fostering a culture of safety and inclusion, and maintaining the highest ethical standards across our operations.
Committed to a greener future
Million USD invested in green infrastructure
ESG at the Heart of Everything
Environmental, Social, and Governance pillars guide our sustainability journey
Environmental
Minimizing our environmental footprint through emission reductions, energy efficiency, and biodiversity protection.
Social
Prioritizing safety, diversity, and community engagement to create a positive impact on society.
Governance
Maintaining the highest standards of ethics, transparency, and accountability across all operations.
Environmental Stewardship
Reducing our carbon footprint
We are committed to reducing greenhouse gas emissions across our operations through energy efficiency, renewable energy adoption, and innovative technologies.
Carbon Reduction Roadmap
50% reduction in Scope 1 & 2 emissions by 2030 (from 2020 baseline)
Renewable Energy Transition
100% renewable electricity at all terminals by 2035
Energy Efficiency Program
40% improvement in energy intensity through optimization and modernization
Methane Leak Detection
Advanced monitoring systems to detect and repair fugitive emissions
Greenhouse Gas Emissions
We track and report our emissions across all scopes, with science-based targets aligned with the Paris Agreement.
- Scope 1: Direct emissions from owned sources - 45% reduction target
- Scope 2: Indirect emissions from purchased energy - 100% renewable by 2035
- Scope 3: Value chain emissions - Engaging suppliers for transparency
Energy Efficiency & Renewables
Our terminals are transitioning to renewable energy sources and implementing energy-saving technologies.
- Solar installations at 12 terminals
- LED lighting retrofits at all locations
- Smart grid integration for demand management
- Electric vehicle charging infrastructure
Circular Economy & Water Stewardship
Minimizing waste and optimizing water usage across all operations.
- 85% waste recycling rate - targeting 95% by 2028
- Zero waste to landfill at 8 terminals
- Rainwater harvesting systems
- Water treatment and reuse facilities
Protecting Natural Habitats
We work to protect biodiversity around our terminal locations.
- Mangrove restoration in Singapore
- Bird sanctuary at Rotterdam terminal
- Seagrass protection in Houston
- Green corridors between facilities
Governance Excellence
Strong governance ensures we operate with integrity, transparency, and accountability. Our Board of Directors oversees sustainability strategy and performance, with clear reporting lines and independent oversight.
Ethics & Compliance
Our Code of Conduct sets the standard for ethical behavior. All employees complete annual ethics training, and we maintain confidential reporting channels.
- Zero tolerance for corruption
- Supplier Code of Conduct
- Whistleblower protection
Board Independence
Certifications
Contributing to the UN SDGs
Our sustainability initiatives align with the United Nations Sustainable Development Goals
Affordable & Clean Energy
Decent Work & Economic Growth
Industry, Innovation & Infrastructure
Reduced Inequalities
Sustainable Cities & Communities
Responsible Consumption & Production
Climate Action
Life Below Water
Sustainability Milestones
Sustainability Reports
Sustainability Report 2025
Comprehensive overview of our ESG performance and initiatives
Download PDFCommitted to a Sustainable Future
Learn more about our sustainability initiatives or contact our ESG team.
Social Responsibility
Putting people first - our employees, communities, and society
Safety First
Our goal is zero harm. Every person working at a Concord location should return home safely every day.
Diversity & Inclusion
Fostering an inclusive workplace where everyone can thrive and contribute their best.
Community Engagement
Supporting the communities where we operate through the Concord Foundation.
Employee Development
Investing in our people through training, development, and career growth opportunities.
"Our people are our greatest asset. Their safety, development, and well-being drive everything we do."