At Pelagic Partners, sustainability shapes the way we think, invest, and operate across our maritime portfolio. Following a year defined by execution and progress, we are pleased to share our 2024 Sustainability Report, our second annual publication. It reflects a clear focus on responsible ship ownership, disciplined investment strategies, and the practical steps we continue to take toward a more sustainable and resilient maritime industry.
The report provides a detailed overview of how Environmental, Social, and Governance (ESG) considerations are embedded into our investment strategy and operational decision-making, reflecting both regulatory expectations and the evolving responsibilities of the maritime industry.
To support clarity and accessibility, we have also published an Executive Summary of the 2024 Sustainability Report. It offers a high-level view of our sustainability framework, governance approach, and progress achieved during the year, serving as a practical starting point for stakeholders before exploring the full report.
Read the Executive Summary of the 2024 Sustainability Report
Why This Report Matters
The maritime sector plays a vital role in global trade, but it also faces increasing scrutiny around environmental impact, workforce welfare, and governance standards. As both a fund manager and shipowner, Pelagic Partners recognises its responsibility to lead with integrity and clarity.
Our 2024 Sustainability Report goes beyond high-level commitments. It provides a transparent, data-driven account of the actions taken, progress achieved, and challenges addressed throughout the year. Prepared in reference to the Voluntary Standard for non-listed micro-, small- and medium-sized undertakings (VSME), the report ensures consistent, comparable, and credible sustainability disclosures for our stakeholders.
Most importantly, it demonstrates our belief that financial performance and sustainability are not competing objectives, but complementary drivers of resilient, long-term growth.
Key Highlights from the Report
- Reducing Environmental Footprint
- Achieved a 44% year-on-year reduction in greenhouse gas (GHG) intensity across the Investment Fund.
- Progress driven by disciplined asset selection and ongoing operational optimisation.
- Continued investment in modern, more fuel-efficient vessels aligned with decarbonisation objectives.
- Protecting the Marine Environment
- Maintained a zero oil-spill record across the fleet since inception.
- Implemented robust environmental and quality management policies across vessel operations.
- Ongoing crew training and operational oversight to minimise environmental risk and prevent pollution.
- Putting People First
- Continued focus on health, safety, and wellbeing across onshore teams and onboard crew.
- Zero fatalities reported across Group operations in 2024
- Ongoing investment in training, professional development, and ESG education at senior management level
Looking Ahead
The 2024 Sustainability Report captures meaningful progress, but it also serves as a roadmap for the future. As regulatory standards evolve and sustainability expectations continue to rise, Pelagic Partners remains focused on continuous improvement, transparent reporting, and responsible capital allocation.
We will continue to integrate ESG considerations across our investment lifecycle, strengthen operational performance, and contribute to a more resilient and sustainable maritime industry, aligned with global climate objectives and long-term stakeholder value.
Read the 2024 Complete Sustainability Report
