Challenges and Ambitions

Environmental

At JR Shipping Group, we recognise that our operations are linked to the health of the planet. Since we are part of the international maritime industry, we feel the responsibility to minimise our environmental footprint and contribute to the sustainability of the ecosystems we rely on. The environmental challenges we face—ranging from climate change and pollution to biodiversity loss—are not just external risks; they are integral to how we operate and define success.

As we navigate the complexities of international shipping, our focus remains on creating a balance between economic growth and environmental responsibility. By integrating environmental considerations into our operational practices, we aim to not only respond to the demands of today but also prepare for the challenges and opportunities of the future. For us, the now known most material challenges are;

• Climate change
• Pollution of environment & ecosystems
• Innovation

Currently we are working on those topics by intensively researching possibilities to reduce our emissions, make our ships’ longevity higher and our influence on the ecosystem smaller. Therefore the earlier mentioned retrofit campaign and also our internal research to the pros and cons of biofuel and how to use it in the most  efficient manner positively helps us to reach those ambitions and fight the challenges.

Social

Our corporate responsibility goes beyond minimising our environmental footprint and contributing to the sustainability of the ecosystems we rely on. At JR Shipping Group, our focus is also on people—they are the heart of everything we do. We believe that a committed and empowered workforce is essential to our success, and we are dedicated to providing a safe and inspiring environment where our people can grow, develop, and thrive as a diverse team. Our social responsibility is guided by our DE&I and Human Rights policies, international standards, and the expectations of our key stakeholders.

From an ESG perspective, JR Shipping Group’s material social impacts, both positive and negative, as well as risks and opportunities, are managed through:

• Own workforce & labour rights
• Safety, security, and well-being
• Human capital
• Diversity, Equity and Inclusion

Governance

Our governance framework is designed to uphold the highest standards of integrity. We carefully evaluate our policy decisions through a structured process involving both internal and external stakeholders. Financial transactions are closely monitored and audited by independent firms to ensure transparency and accuracy.

We are committed to frequent and open communication with investors and financiers, maintaining high standards in our financial reporting. Regular audits help us continuously improve our procedures and systems, reinforcing our dedication to honest and trustworthy business practices.

With the Corporate Sustainability Reporting Directive (CSRD) applying to large corporations in 2024 and to us by 2026, we are proactively preparing to meet these new standards. As one of nearly 50,000 companies in the European Union required to disclose their sustainability impacts, we are committed to ensuring our reports not only comply with the latest regulations but also reflect our dedication to sustainable business practices.

At this stage, we are addressing key areas such as building a robust history of performance data, mapping out our entire value chain, and preparing our report for eventual audits. Although our current report reflects our commitment to these new standards, it is not yet fully compliant. However, by taking the necessary time to identify the right KPIs and enhance our internal processes, we are steadily progressing towards full CSRD compliance, ensuring that future reports will meet all requirements and accurately represent our sustainability journey.

This section outlines our governance practices and our approach to stakeholder engagement. By adhering to these principles, we aim to foster trust and contribute positively to both our industry and society.

• Business ethics
• Data ethics
• Sustainable procurement
• Stakeholder engagement