Index - Danaos ESG Report 2022

Environment | Social | Governance

Download ESG Report 2022

SASB standards index

The present ESG report includes the metrics of the SASB Standard for the Marine Transportation Sector.

Category	Disclosure Topic	SASB Indicator	Reference
GHG Emissions	Gross global scope 1 emissions	TR-MT-110a.1	3,674,901.1 MT CO₂eq.
	Discussion on long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets	TR-MT-110a.2	Environment/Fighting Climate Change
		TR-MT-110a.2	Environment/ Emissions Reduction
	(1) Total energy consumed, (2) percentage heavy fuel oil, (3) percentage renewable	TR-MT-110a.3	Environment/ Ship Optimization for Energy Efficiency
	Average Energy Efficiency Design Index (EEDI) for new ships	TR-MT-110a.4	10.5 gr/tn.mile
Air Quality	Air emissions of the following pollutants: (1) NOx (excluding N₂O), (2) SOx, and (3) particulate matter (PM10)	TR-MT-120a.1	Environment/ Emissions Reduction
Air Quality		TR-MT-120a.1	We do not track particulate matter (PM10)
Ecological Impacts	Shipping duration in marine protected areas or areas of protected conservation status	TR-MT-160a.1	Environment/ Protection of Marine Biodiversity
	Percentage of fleet implementing ballast water (1) exchange and (2) treatment	TR-MT-160a.2	Environment/ Protection of Marine Biodiversity
	(1) Number and (2) aggregate volume of spills and releases to the environment	TR-MT-160a.2	No spills recorded during 2021
Employee Health and Safety	Lost time injury rate (LTIR)	TR-MT-320a.1	Social/ Promoting Safety at Sea
Business Ethics	Number of calls at ports in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index	TR-MT-510a.1	0.15%
Business Ethics	Total amount of monetary losses as a result of legal proceedings associated with bribery or corruption	TR-MT-510a.2	No incidents during 2021
Accident and Safety Management	Number of marine casualties, percentage classified as very serious	TR-MT-540a.1	1 marine casualty, 0% classified as very serious
	Number of conditions of class or recommendations	TR-MT-540a.2	Within 2021, total 85 conditions of class were opened for the whole Danaos Fleet. 61% of them have been closed within the year.
	Number of port state control (1) deficiencies and (2) detentions	TR-MT-540a.3	Governance/ A Robust Risk Management and Control Framework
Activity Metrics	Number of shipboard employees	TR-MT-000.A	1,459
	Total distance traveled by vessels	TR-MT-000.B	5,307,343
	Operating days	TR-MT-000.C	20,678
	Deadweight tonnage	TR-TM-000.D	5,927,039
	Number of vessels in total shipping fleet	TR-MT-000.E	63
	Number of vessel port calls	TR-MT-000.F	4,844
	Twenty-foot equivalent (TEU) capacity	TR-MT-000.G	403,793

GRI standards index

The present ESG report is the Company’s fifth attempt to communicate its sustainability and ESG performance and covers our activities during 2021. It was evaluated by the Centre for Sustainability and Excellence (CSE) according to the reporting guidelines of GRI STANDARDS and was verified as an “in-accordance core” GRI Standards Report.

GRI INDICATOR	DISCLOSURE/INDICATOR TITLE	SUSTAINABLE DEVELOPMENT GOALS	PAGE REFERENCE
GENERAL DISCLOSURES
Company Profile
GRI 102-1	Name of the organization		Danaos Corporation
GRI 102-2	Activities, brands, products, and services		https://www.danaos.com/fleet/fleet-overview/default.aspx
GRI 102-3	Location of headquarters		c/o Danaos Shipping Co. Ltd, Athens Branch 14 Akti Kondyli, 185 45 Piraeus, Greece Tel: +30 210 4196400
GRI 102-4	Location of operations		Home/Our Scope and Global Operations
GRI 102-5	Ownership and legal form		Danaos Shipping Co. LTD is the exclusive Manager of DANAOS Corporation (DAC).
GRI 102-6	Markets served		An international provider of seaborne transportation services, Danaos Corporation is one of the world’s largest containership charter owners.
GRI 102-7	Scale of the organization		Home/Our Profile
GRI 102-8	Information on employees and other workers		Social/Our People
GRI 102-9	Supply chain		Social/Our Sustainable Supply Chain
GRI 102-10	Significant changes to the organization and its supply chain		Year 2021 marked the design and implementation of our updated ESG Plan which includes specific goals and measurable targets for the period 2021-2025.
GRI 102-11	Precautionary Principle or approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap/Our Commitments \| 2025 Goals
			Governance/ High Ethical Principles
			Accreditations
GRI 102-12	External initiatives		Our ESG Strategic Roadmap/The UN Sustainable Development Goals
GRI 102-13	Membership of associations		Our ESG Strategic Roadmap/Key Partnerships
Strategy
GRI 102-14	Statement from senior decision-maker		Home/Message from our CEO Strategy
GRI 102-14	Statement from senior decision-maker		Strategy
Ethics and Integrity
GRI 102-16	Values, principles, standards and norms of behavior		Home/ Our Vision – Our Values
GRI 102-16	Values, principles, standards and norms of behavior		Governance/A Strong Corporate Culture
Governance
GRI 102-18	Governance structure		Our Company’s Departments and Structure
			Governance/A Strong Corporate Culture
			Management
			Board of Directors
			Committees

GRI 102-22	Composition of the highest governance body and its committees		Management
			Board of Directors
			Committees
GRI 102-25	Conflict of interest		Governance/A Strong Corporate Culture
GRI 102-30	Effectiveness of risks management process		Governance/A Robust Risk Management and Control Framework
GRI 102-31	Review of economic, environmental, and social topics		Our ESG Strategic Roadmap
GRI 102-31	Review of economic, environmental, and social topics	Governance/A Robust Risk Management and Control Framework
Stakeholder Engagement
GRI 102-40	List of stakeholder groups
GRI 102-41	Collective bargaining agreements		Danaos follows all national laws and regulations regarding collective bargaining agreements, and during 2021 there were no incidents of non-compliance recorded.
GRI 102-42	Identifying and selecting stakeholders		Our ESG Strategic Roadmap/Stakeholder Engagement
GRI 102-43	Approach to stakeholder engagement		Our ESG Strategic Roadmap/Stakeholder Engagement
GRI 102-44	Key topics and concerns raised		Our ESG Strategic Roadmap/Stakeholder Engagement
Report Profile
GRI 102-45	Entities included in the consolidated financial statements		Danaos Corporation Financial Summary
GRI 102-46	Defining report content and topic Boundaries		Our ESG Strategic Roadmap
GRI 102-47	List of material topics		Our ESG Strategic Roadmap/Our Material Topics
GRI 102-48	Restatements of information		There are no restatements of information provided in previous reports
GRI 102-49	Changes in reporting		The report is fully complying with the SASB Standards for the Marine Transportation Sector
GRI 102-50	Reporting period		1/1/2021 – 31/12/2021
GRI 102-51	Date of most recent report		2021 (2020 ESG Report)
GRI 102-52	Reporting cycle		Annual
GRI 102-53	Contact point for questions regarding the report		sustainability@danaos.com
GRI 102-54	Claims of reporting in accordance with the GRI Standards		This report has been prepared in accordance with the GRI Standards: Core Option
GRI 102-55	GRI content index		Index
GRI 102-56	External assurance		Governance/External Assurance Report
SPECIFIC DISCLOSURES
Anti-corruption
GRI 103	Management Approach		Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/Stakeholder Engagement
			Governance/A Strong Corporate Culture
GRI 205-3	Confirmed incidents of corruption and actions taken		Governance/ High Ethical Principles
Energy Consumption (Commitments to Decarbonization)
GRI 103	Management Approach		Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/Stakeholder Engagement
			Environment/Fighting Climate Change
			Environment/Emissions Reduction
			Environment/Innovation and Digitization
GRI 302-1	Energy consumption within the organization		Environment/Ship Optimization for Energy Efficiency
GRI 302-5	Reductions of energy requirements of products and services		Environment/Ship Optimization for Energy Efficiency
Biodiversity (Marine Pollution and Conservation)
GRI 103	Management Approach		Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/Stakeholder Engagement
			Environment/Protection of Marine Biodiversity
GRI 304-2	Significant impacts of activities, products, and services on biodiversity		Environment/Protection of Marine Biodiversity
Emissions (Commitments to Decarbonization, Carbon Emissions)
GRI 103	Management Approach		Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/Stakeholder Engagement
			Environment/Fighting Climate Change
			Environment/Emissions Reduction
			Environment/Innovation and Digitization
GRI 305-1	Direct (Scope 1) GHG emissions		Environment/Emissions Reduction
GRI 305-1	Direct (Scope 1) GHG emissions		Environment/Danaos Total Emissions Allocation
GRI 305-2	Indirect energy (Scope 2) GHG emissions		Environment/Danaos Total Emissions Allocation
GRI 305-3	Other indirect (Scope 3) GHG emissions		Environment/Danaos Total Emissions Allocation
GRI 305-4	GHG emissions intensity		Environment/Emissions Reduction
GRI 305-5	Reduction of GHG emissions		Environment/Emissions Reduction
GRI 305-6	Emissions of ozone depleting substances		Environment/Ozone Depleting Substances
GRI 305-7	Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions		Environment/Emissions Reduction
Waste and Spill Management (Waste Management)
GRI 103	Management Approach		Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/Stakeholder Engagement
			Environment/Circular Economy and Responsible Waste Management
GRI 306-1	Waste generation and significant waste-related impacts		Environment/Circular Economy and Responsible Waste Management
GRI 306-2	Management of significant waste-related impacts		Environment/Circular Economy and Responsible Waste Management
GRI 306-4	Waste diverted from disposal		Environment/Circular Economy and Responsible Waste Management
Environmental Compliance
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/IMO’S GHG Emission Reduction Targets
			Environment/Conforming to Environmental Laws & Regulations
GRI 307-1	Non-compliance with environmental laws and regulations		Environment/Conforming to Environmental Laws & Regulations
Occupational Health and Safety (Promote Zero Accidents)
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Social/Promoting Safety at Sea
			Social/Our Response to COVID-19
GRI 403-1	Occupational health and safety management system		Social/Promoting Safety at Sea
GRI 403-2	Hazard identification, risk assessment, and incident investigation		Social/Crisis Management and Emergency Planning
GRI 403-3	Occupational health services		Social/Promoting Safety at Sea
GRI 403-4	Worker participation, consultation, and communication on occupational health and safety		Social/Promoting Safety at Sea
GRI 403-5	Worker training on occupational health and safety		Social/Attracting, Developing, Retaining the best set of Crew
GRI 403-5	Worker training on occupational health and safety		Social/Promoting Safety at Sea
GRI 403-6	Promotion of worker health		Social/Promoting Safety at Sea
GRI 403-6	Promotion of worker health		Social/Our Response to COVID-19
GRI 403-9	Work-related injuries		Social/Promoting Safety at Sea
Training and Education (Talent Management)
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Social/Attracting, Developing, Retaining the best set of Crew
GRI 404-1	Average hours for training per year per employee		Social/Attracting, Developing, Retaining the best set of Crew
GRI 404-2	Programs for upgrading employee skills and transition assistance programs		Social/Attracting, Developing, Retaining the best set of Crew
Tracking Key Suppliers Sustainability Performance
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Social/Our Sustainable Supply Chain
Ethical Business Conduct
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Governance/A Strong Corporate Culture
Transparency and Disclosure ESG Data Annually
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Governance/A Strong Corporate Culture
Commitments to Achieve IMO Goals
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Our ESG Strategic Roadmap/IMO’S GHG Emission Reduction Targets
			Environment/Heading towards Decarbonization – Decarbonization Initiatives
Improving Key ESG Rating Performance
GRI 103	Management Approach		Home/Our Mission Statement
GRI 103	Management Approach		Our ESG Strategic Roadmap
Promote Diversity in the Board of Directors and Executive Level
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Governance/A Strong Corporate Culture
Customer Satisfaction
GRI 103	Management Approach		Home/Our Mission Statement
			Our ESG Strategic Roadmap
			Governance/A Robust Risk Management and Control Framework
			Quality