Environment

As active participants in the maritime sector, we are committed to transporting people and goods worldwide with care and respect for our planet, enabling conscious consumer choices and sustainable lifestyles. This commitment benefits our customers, the society, shareholders, and business by mitigating transition risks. Therefore, we integrate sustainable practices across our operations, strive to reduce our environmental impact, and preserve resources for future generations.

Our Environmental Strategy

Commitments

We aim to enable decarbonised maritime operations that do not harm the ecosystems.

Priorities

  • Climate change mitigation
  • Energy
  • Pollution of air and water
  • Invasive Alien Species
  • Resource use and waste management

Sustainable Development Goals

  • SDG 12 Responsible Consumption and Production.
  • SDG 14 Life Below Water.

Strategic Goals

  • Achieve our decarbonisation strategy as described below
  • Establish science-based targets, compatible with limiting global warming to 1.5°C, for Scope 1, Scope 2, and Scope 3 emissions’ categories
  • Phase-out R-404A refrigerant, a fluorinated gas with very high global warming potential
  • Achieve 100% renewable energy in our offices by 2030
  • Establish inhouse capability for delivering alternative fuel trainings in our MTCs
  • Strive for zero uncontained spills.
  • Eliminate single-use plastic bottles onboard our fully managed vessels by 2026.
  • All full-managed vessels to be using electronic record books and electronic logbooks to ensure high quality of data and reduce paper use by 2025.
  • Connect with waste disposal companies to ensure proper handling and disposal of garbage at ports.

Our Environmental Performance

As ship managers, our commitment to protect our planet begins with the seas and stretches to our shores. Looking into our annual performance, we build our strategy to further improve our operations.

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Decarbonisation Strategy at BSM

Our decarbonisation strategy exceeds the IMO’s Carbon Intensity Indicator (CII) requirements. We strive for an annual progress on CII ratings as follows:

  • All vessels with CII rating E or D in the previous year to achieve rating C in the upcoming year
  • All vessels with CII rating C, B, or A to remain in their respective ratings and achieve at least a 2% reduction compared to the previous year, ultimately achieving 11% reduction with 2019 as the baseline year.

In 2024, 58% of the BSM fleet achieved the decarbonisation targets, while the remaining complied with the minimum regulatory requirements. Our FPC and our fleet teams work closely together with our clients to identify the best CII improvement options, such as slow steaming, retrofitting with energy efficient technologies, weather routing, for each individual ship based on its unique characteristics and our clients’ needs.

As we continue expanding our business, we offer green operational and consulting solutions to enable the decarbonisation of the shipping sector in a financially and environmentally sustainable manner.

Sebastian von Hardenberg, BSM's Chief Executive Officer (CEO), on EU ETS.

We invest in developing specialist teams and IT tools required to ensure a smooth EU ETS process and certificate administration for owners and their charterers. As ship managers, we will offer transparent live data-driven applications showing a vessel's consumption concerning geolocation and time as well as the resulting EU ETS exposure.

Sebastian von Hardenberg

BSM's Chief Executive Officer (CEO)

BSM’s Integrated Approach to Emissions and Data Quality Management

As part of our efforts towards managing data quality and emissions compliance, BSM can provide end-to-end Emissions Management services, strongly supported by a state-of-the-art performance analysis and emissions management platform.

By evaluating international and regional regulations holistically, BSM provides a transparent five-year compliance outlook and cost projection, supported by 24/7 access to its LiveFleet performance monitoring platform.

Leveraging digitalisation and strategic partnerships, such as with DNV’s Veracity platform and Berenberg, BSM streamlines EUA trading and emissions data management. Its FuelEU Dashboard which forecasts vessel compliance balances and simulates reduction strategies, enabling tailored recommendations. Committed to automation and efficiency, BSM continues to simplify compliance and enhance client profitability through innovative, data-driven solutions as shown below.

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Alternative Energy Sources

Our goal is to be the leading ship-management company for zero-emission vessels as they become commercially viable and available. However, the challenge of technically mature, safe, low-cost, and carbon neutral fuel remains. Decarbonising shipping will require a shift in technology and operations and an uptake of alternative low and zero GHG fuels.

Pronav and all SMCs collaborate with the Schulte Group’s Maritime Energy Centre (MEC) to promote new LNG projects, as well as other alternative fuel solutions, and to build long-term business relations and partnerships. With ongoing developments in decarbonising the maritime industry, MEC’s portfolio has expanded beyond LNG to include research and advice on renewable and low-carbon fuels (bio or e-methane, ammonia, methanol, hydrogen, and nuclear power), alternative energy, technologies and involvement in the first generation of Liquid CO2 carriers for Carbon Capture and Storage (CCS) applications.

LNG is the leading mid-term solution for the shipping industry today. At BSM, we leverage decades of hands-on LNG expertise and technical know-how. In 2024, we managed the technical operations and crew for 137 LNG and Liquified Petroleum Gas (LPG) carriers (16% increase from 2023), and 14.8% of the total fuel used by our vessels was LNG and LPG. At BSM, we will continue using our expertise and expanding our network and partnerships with charters, NGOs, and clients to improve LNG projects and to find effective solutions.

We apply the same detailed approach to methanol and ammonia-capable vessels, leveraging our experience with these fuels. We have formed expert working groups to develop type-specific training and procedures for both fuels. We actively collaborate with charterers and shipowners on pilot projects to increase biofuel use in our managed fleet. Biofuels, derived from renewable organic materials like plants and biomass, offer a low-carbon alternative that reduces greenhouse gas emissions.

Navigating towards a sustainable future will certainly be challenging, and we are committed to supporting our clients in this journey.

CSR Activities - Schulte Group Forest

Our people have been organising and volunteering in tree planting activities worldwide for several years. Their caring spirit was the inspiration that led us to create the Schulte Group Forest initiative. This initiative is dedicated to protecting and restoring forests, improving the health of ecosystems, and educating farmers on sustainable agriculture globally.

CSR Activities - BlueSeasMatter

With more than 40,000 BSM crew members sailing in the oceans, we see firsthand the damage caused by waste pollution.

BSM is tackling ocean pollution and promotes SDG 14 – Life Below Water, through our dedicated initiative BlueSeasMatter. We create awareness of shipping’s impact on marine life and ecosystems and engage our people in fighting marine pollution through this initiative.

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