Environment
TCFD Compliance Statement
EZ Marine Services strongly believes in a sustainable future and is taking the necessary steps to ensure that it stays abreast of technological advancements in the marine industry that will help deliver safe and sustainable operations into the future.
EZ Marine Services plc has complied with LR 9.8.6(8)R requirements by including climate-related financial disclosures consistent with the Taskforce on Climate-Related Financial Disclosures (TCFD) recommendations and recommended disclosures. The current regulations require reporting on a ‘comply or explain’ basis. In 2022 we have complied with all eleven of the recommendations.
The TCFD framework 11 key recommendations that GMS has adopted are:
Theme | Disclosure | Compliance Status |
Governance | a) Describe the board’s oversight of climate-related risks and opportunities. | Compliant |
b) Describe management’s role in assessing and managing climate-related risks and opportunities. | Compliant | |
Strategy | a) Describe the climate-related risks and opportunities the organisation has identified over the short, medium, and long term. | Compliant |
b) Describe the impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning. | Compliant | |
c) Describe the resilience of the organisation’s strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario. | Compliant | |
Risk Management | a) Describe the organisation’s processes for identifying and assessing climate-related risks. | Compliant |
b) Describe the organisation’s processes for managing climate-related risks. | Compliant | |
c) Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organisation’s overall risk management. | Compliant | |
Metrics & Targets | a) Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process. | Compliant |
b) Disclose Scope 1, Scope 2, and, if appropriate, Scope 3 greenhouse gas (GHG) emissions, and the related risks. | Compliant | |
c) Describe the targets used by the organisation to manage climate-related risks and opportunities and performance against targets | Compliant |
Emissions Reporting
We collate data on our operations to allow us to calculate emissions across the business. The trend in electricity, air travel, refrigerant and vessel fuel emissions from 2018-2021 is presented below.
Energy Efficiency Actions
Closures Of Offices and Facilities
The relocation of our offices and downsizing of onshore facilities has led to a 95% reduction in CO2 emissions produced by electricity consumption from 2020 to 2021.
In Business Travel (COVID-19)
Levels of business travel remain suppressed and due to changes in crew rotations, we have seen a slight decrease (4%) in air travel CO2 emissions.
Change In Refrigerant
We changed the refrigerant used on our vessels for the cooling process, resulting in a 30% decrease in refrigerant emissions in 2020. In 2021 we decreased our refrigerant emissions by a further 25% through better maintenance. and equipment. In addition, we are now evaluating using R32 on all our vessels which would significantly reduce the Global Warming Potential of our fleet.
In 2022 we will be calculating our scope 3 emissions and in line with TCFD requirements we are aiming to identify and implement achievable emissions reporting targets and formalise a climate policy to meet these targets.