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As a responsible member of the global shipping industry, PIL is committed to being an efficient, future ready, people focused and sustainable shipping line.
The triple bottom line (TBL) framework best encapsulates our holistic approach towards how we function as a business entity and achieve financial viability while protecting the planet, as well as the interests of our diverse stakeholders.
Read our Chairman’s and CEO’s Statement below:
Social Responsibility
PIL places the utmost importance on our people, recognising them as our most important asset. We are committed to the health, safety, and well-being of our employees, both on shore and at sea, with a strong emphasis on respecting labour and human rights. We prioritise the training and development of our people while fostering an environment that respects the rights and dignity of all our employees.
With a presence in over 500 locations in 90 countries, we understand our actions have a significant impact on the livelihoods and well-being of the communities where we operate. We are committed to improving the lives of these communities, striving to make meaningful contributions wherever we are.
Environmental Stewardship
PIL is committed to improving the impact of our businesses and operations on the environment. By optimising energy efficiency, adopting cleaner fuels and embracing renewable energy, we actively reduce our greenhouse gas emissions footprint and contribute to a healthier planet.
As we ply the oceans, we are cognizant of our duty of care to safeguard the very same marine ecosystems which we operate in. We adopt responsible practices to protect marine biodiversity, mitigate pollution, and promote a healthy ocean. From sustainable shipping operations to coastal conservation, we aim to protect the delicate balance of life below water.
Economic Performance
PIL believes that sustainable business practices are supportive of business viability. For example, the adoption of energy-efficient technologies for our vessels not only benefit the environment but also improve our cost efficiencies. By making smart investments in technology and innovations, we can further enhance our enterprise value.
We also consider that embracing sustainability connects us better with the values of our diverse stakeholders, including investors who consider ESG factors in their decision making. Our commitment strengthens our financial resilience while generating a positive impact on the planet and people.
Download our Sustainability Reports to learn more about what we are doing.
These actions align with the global imperative for decarbonisation in the shipping industry.
Our long-term decarbonisation approach will focus on the 3 key levers of:
As a shipping company, the adopting of the United Nations Sustainable Development Goals (SDGs) is not only a responsible choice but also a strategic one to create value for our stakeholders. PIL has adopted the following 8 UN SDGs:
SDG 4
Prioritize crew education and training for safe and efficient operations. Well-trained crew members enhance safety, compliance, and overall performance.
SDG 7
Transition to cleaner energy sources to reduce emissions and costs, which also extends to the optimisation of energy use to reduce our overall energy footprint.
SDG 8
Ensure fair wages, safe conditions, and career development for our employees. A motivated workforce leads to better productivity, stability, and positive economic impact.
SDG 9
Investing in innovation, modernizing infrastructure, and staying competitive are key priorities for PIL. We believe that the dual embrace of technology and efficient operations will help us maintain our cutting edge.
SDG 13
PIL is committed to taking the right climate actions, both in terms of reducing our emissions to mitigate climate change, as well as adapt to the effects of impending climate change accordingly.
SDG 14
Protect marine ecosystems, prevent pollution, and support ocean health. As part of sustainable business practices, to implement responsible shipping practices and contribute to thriving oceans, sustainable fisheries, and coastal communities.
SDG 15
Promote sustainable land use, reforestation, and wildlife protection. Balancing land-based activities which ensures ecological resilience for the good of the environment and the communities we operate in.
SDG 17
PIL believes that there is greater strength in collaboration with our partners and stakeholders for collective impact and knowledge sharing. Building partnerships strengthens our ability to achieve sustainable goals in our maritime sector.
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