Ocean Network Express (ONE) has officially released its highly anticipated 2024 Sustainability Report, offering a comprehensive look at the company’s commitment to sustainability across its global operations. The report, covering the period from January 2023 to March 2024, demonstrates ONE’s continued focus on integrating sustainability with its financial operations and strategic goals. By aligning the report with its fiscal year, ONE is reinforcing its mission to blend sustainable practices directly into the core of its business.
The 2024 Sustainability Report outlines four key areas: Environment, Social, Governance, and Operational Excellence. ONE has emphasized that these pillars serve as the foundation of its long-term strategy for responsible and sustainable growth.
In the environmental sector, ONE is making substantial strides in reducing its carbon footprint. The report highlights an impressive 62% reduction in Scope 1 emissions intensity for FY2023 compared to a 2008 baseline. This reduction underscores the company’s commitment to minimizing its environmental impact, while also progressing towards net-zero emissions. In line with its sustainability goals, ONE has secured Approval in Principle (AiP) for an ammonia dual-fueled vessel and made strategic investments in twelve 13,000 TEU methanol dual-fuel vessels—both of which are intended to significantly reduce greenhouse gas emissions.
On the social front, ONE has placed significant emphasis on fostering employee development and engagement through its ONE Academy initiative. This program offers employees mentorship, career growth opportunities, and learning resources designed to cultivate a more dynamic and motivated workforce. It’s clear that the company recognizes the value of investing in human capital as part of its broader sustainability efforts.
In terms of governance, ONE is maintaining its commitment to high ethical standards and business integrity. Key measures include mandatory compliance e-learning programs for employees and the establishment of sustainable supply chain management practices. The report also highlights the company’s efforts to enhance cybersecurity and data protection, reflecting a more holistic approach to managing operational risks in an increasingly digital world.
Finally, operational excellence remains a priority for ONE as it seeks to optimize efficiency and enhance service quality through digitalization. By working closely with its partners and implementing new technologies, ONE aims to offer top-tier services to stakeholders while ensuring safe and reliable operations across its global network.
This 2024 Sustainability Report positions ONE as not only a leader in global shipping but also as a forward-thinking company committed to responsible business practices. The company’s continuous improvements in environmental sustainability, employee development, governance, and operational efficiency demonstrate its dedication to long-term resilience and innovation in a fast-evolving industry.
