At BSM, we recognise the environmental and social impact of our operations. That’s why we are actively advancing our efforts to digitalise operations, decarbonise the maritime sector, and uphold the highest standards of ethical conduct, contributing to a more sustainable and responsible shipping industry.
Our dedication to Environmental, Social, and Governance (ESG) principles is deeply embedded in every facet of our organisation, from strategic planning to daily operations. We are committed to aligning our business practices with long-term environmental stewardship and positive societal impact, while cultivating a culture of sustainability across our workforce, local communities, suppliers, and partners. This holistic approach ensures that sustainability is not just a goal, but a mindset shared throughout our value chain.
emitted 13.48 million metric tonnes of Carbon Dioxide ( CO₂ -e) emissions, representing 99.7% of our total carbon footprint
We successfully managed all aspects of EU ETS and FuelEU on our client's behalf, from administration to verification, ensuring
We secured the management of our first CO₂ tanker, beginning in 2026,
driving progress in climate change mitigation.
We were market leaders in
online approved by DNV (LNG, LPG, Oil and Chemical)
used by our vessels was LNG and LPG
Our fleet used
in 2024 only
to third-party clients
in the seafarers received cutting-edge training on vessel performance & decarbonization (VDP) at MTCs
Completed
such as air lubrication, bulbous bow and propeller modification, and performed hull cleaning on 168 vessels to reduce friction and fuel consumption.
with 80% transmitting data to shore
We have planted
across Guatemala, Ghana, Tanzania, Kenya, and the Dominican Republic, which can absorb around 2443 tonnes of CO₂ in the first 10 years of their lives
of major oil spills (>10 m³)
of our full-managed vessels are using R-404A which has the highest CO₂ equivalent emissions if leaked
in single-use plastic bottles per ship (in comparison to 2023)
As a founding member, BSM has significantly contributed to the development of an
by the nonprofit organization Eyesea, dedicated to mapping global pollution and maritime hazards
All seafarers sign an
before sailing which covers their commitment to BSM’s Environmental Policy and full compliance with the international convention for the prevention of pollution from ships (MARPOL)
and 43% are already operating paperless.
We made significant progress on seafarer engagement through revamping our heavy weather work procedures, work permit system, enhancing our risk assessments, and introducing a dedicated section in crew briefings focused on injury and illness reporting
actively contributing to Behaviour Based Safety providing on average 7 reports every month on safety observation per ship.
in reports through our Speaking Up platform
We launched a new
a mobile application for Superintendents Vessel Inspections (SVIs) and internal audits
Sea and shore-based employees, including individuals not employed by BSM, have access to our anonymous reporting tool, NAVEX EthicsPoint.
Introduced role-specific onboarding
for 6 BSM companies
Implemented a
for training metrics monitoring to enhance transparency and accessibility to training for all shore employees
Introduced
for leaders and HR teams facing critical challenges
We celebrated the successful graduation of the third cohort of colleagues that participated in the two-year HiPo (High-Potential) Accelerator programme where 79% of the 48 graduates have been promoted after completing the programme
We have introduced an advanced Competence Management System (CMS) for seafarers
were recruited through the BSM Cadet Programme
Launched the
a global partnership with maritime universities aimed at bridging the gap between academic education and hands-on training for future seafarers
Launched a new
(in comparison to 2023)
in gender pay gap (in comparison to 2023)
Expanded the female seafarers' mentorshzip programme to include all fresh seafarers on full-managed vessels participating in the Schulte Group cadet programme
across our company’s workforce
DEI related trainings for shore employees increased significantly from 229 in 2023 to an impressive 732 in 2024
Provided
to human resources and managerial roles for shore employees
We developed inhouse mental health and wellbeing trainings capability for seafarers
Co-developed a
shore employees trained on ethical business practices.
All employees in critical departments and roles are trained on
in regular intervals.
We launched the initiative of Local Corporate Citizenship Committees to amplify our positive impact in the communities where we live through the
joined our global employee activities and corporate citizenship events.
Organised
in six different locations with 406 participants
Active member of the
(MACN) since 2016
We integrated
of new employees.
and quarterly phishing simulations to enhance their awareness and readiness.
The updated training “MACN – PILOT REVISION (2024) Stand your Ground, Be a Leader” is available for all seafarers, via the Competence Management System (CMS).
by analysing consignments, sharing insights with SMCs, consolidating shipments, and selecting cost-efficient transport modes.
audited for sustainability, from which 51 were assessed through physical, on-site audits to ensure compliance with sustainability standards.
across multiple functions of procurement such as digitally monitoring the whole process of reaching an agreement with new suppliers.
Our ESG Core Team consists of ESG coordinators with broad sustainability expertise and topic-specific experts who provide targeted insights across all services and regions. This collaborative structure ensures consistent ESG oversight, with responsibilities integrated into BSM’s core functions and extended throughout all operational levels.
Explore our comprehensive Sustainability Report for 2024 to learn more about our ESG performance, initiatives, and future commitments
Download the Full Report (PDF)Do you have questions?
Social
Secure Employment
89% retention rate for seafarers and 85% of shore staff
Targeted adjustments
to salaries in highly impacted areas
Launched a new Pulse Survey tool offering
real-time, concise feedback
from shore employees every quarter and enabling timely interventions
49% of seafarers
participated in the satisfaction survey, with an average satisfaction score of 90%.
154 employees
working in a remote/off-site model (64.5% increase from 2023)
All seafarers had
contract-based employment
(86% were additionally covered by CBAs)