Algoma Central Corporation Releases 2020/2021 Sustainability Report
29 Juni 2022 - 02:24PM
Business Wire
Algoma Central Corporation (TSX: ALC) released its 2020/2021
Corporate Sustainability Report that details the Company’s
sustainability priorities, actions and progress across the three
pillars of people, planet and prosperity.
“I am pleased to share with you Algoma’s latest sustainability
report covering 2020 and 2021. Reflecting on our progress over the
last two years brings me immense pride,” said Gregg Ruhl, President
and CEO of Algoma Central Corporation. “We have surpassed great
milestones and broke multiple records all while navigating
challenges and adapting quickly to change brought forth by the
global COVID-19 pandemic. This success is a direct result of the
passion, dedication and teamwork of our people both ship and shore.
This report illustrates our commitment to being a sustainable
company and details our progress, challenges and achievements while
also looking at our vision for the future,” continued Mr. Ruhl.
Notable 2021 report highlights include:
- Achieved the company’s lowest number of annual lost time
injuries in its history;
- A record 68% of Algoma’s fleet earned their Gold Flag for
sustainable performance, an increase of 19% from 2020;
- Progressed Algoma’s fleet renewal with the delivery of the
Algoma Intrepid in 2020 and the Captain Henry Jackman in 2021 in
replacement of the Algoma Enterprise and Algoma Spirit which were
responsibly recycled;
- Reduced greenhouse gas emissions (GHG) intensity by 18% since
2008 (Domestic Dry-Bulk), on target to reach our 25% by 2025 goal
set in 2015;
- Set a new GHG reduction target of 40% by 2030 (baseline
2008);
- Invested over $3 million per year in shipboard training;
- Diverted 156.3 MT of recyclables (mixed recycling, organics
shipboard and shoreside) from landfill in 2020/2021;
- Donated over $210k to community initiatives Canada wide through
the United Way in 2020/2021;
- Assembled Algoma’s COVID-19 Task Force to provide direction and
support all employees during the rapidly changing pandemic
environment.
Algoma has published a report on its sustainability performance
bi-annually since 2011, with the last report covering the 2018/2019
reporting years. This report summarizes our management approach and
performance on environmental, safety and social issues and
indicators for the 2020/2021 period. The contents of the report
were guided by the Global Reporting Initiative (GRI) Sustainability
Reporting Standards and Sustainability Accounting Standards Board
(SASB).
Click here to read Algoma’s 2020/2021 Corporate sustainability
Report.
About Algoma Central Corporation
Algoma owns and operates the largest fleet of dry and liquid
bulk carriers operating on the Great Lakes - St. Lawrence Waterway,
including self-unloading dry-bulk carriers, gearless dry-bulk
carriers and product tankers. Since 2010 we have introduced 10 new
build vessels to our domestic dry-bulk fleet, with one under
construction and expected to arrive in 2024, making us the
youngest, most efficient and environmentally sustainable fleet on
the Great Lakes. Each new vessel reduces carbon emissions on
average by 40% versus the ship replaced. Algoma also owns ocean
self-unloading dry-bulk vessels operating in international markets
and a 50% interest in NovaAlgoma, which owns and operates a
diversified portfolio of dry-bulk fleets serving customers
internationally. Algoma truly is Your Marine Carrier of Choice™.
For more information about Algoma, visit the Company's website at
www.algonet.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220628006210/en/
Gregg A. Ruhl President & CEO Algoma Central
Corporation 905-687-7890
J. Wesley Newton Executive Vice-President, Strategy &
Business Development Algoma Central Corporation 905-687-7836
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