- GREEN STRATEGY
- Sustainable Shipping Solutions
- GOVERNANCE
- OPERATIONAL EXCELLENCE
- SUSTAINABILITY REPORTS
MESSAGE FROM MANAGEMENT
Dear Stakeholders,
It is with great pleasure that we present ONE’s eighth annual sustainability report. From day one, our mission has been to grow as a sustainable, profitable, and resilient organisation, built on trust and excellence in service delivery. We remain deeply committed to sustainability and take pride in the progress we make year on year.
The past year has been a defining one for the shipping industry and for ONE. Despite challenges posed by geopolitical uncertainty and economic volatility, momentum toward decarbonisation accelerated, driven by evolving IMO and EU regulations. These developments validate the course we have set in our ONE 2030 Vision and Corporate Plan, where sustainability is not an add-on, but a core business imperative.
Accelerating decarbonisation towards Net Zero
With the IMO’s new Net-Zero Framework setting binding limits and fuel standards, ONE continues to invest responsibly in future-ready ships, systems, and terminals. We have prioritised dual-fuel vessels, operational efficiency enhancements like bow windshields, and digital routing tools that reduce fuel use and enhance voyage safety.
In support of our customers’ climate goals, we launched ONE LEAF+, our flagship green shipping solution, which uses low-emission fuels and third-party verified carbon reduction certificates to support Scope 3 emissions tracking.
Retrofitting our existing fleet remains a focus, with energy-saving devices and exploration of alternative fuel technologies like ammonia-ready vessels. These initiatives are part of our broader commitment to raise the bar for environmental standards in the industry.
Operating Safely and Responsibly
Sustainability extends beyond emissions to include safety, security, and quality. We continue to invest in digital innovation to enhance cargo safety and reduce risks. Our Global Ocean Routing Advisory team uses AI-driven weather analysis to optimise voyages, and we have adopted recommendations from the Maritime Research Institute Netherlands container safety study to reduce container loss.
Empowering Our People
Our achievements are made possible by our talented and dedicated global workforce. We are building a values-driven culture that attracts and nurtures the next generation of maritime leaders. This includes investment in career development, leadership pathways, and sustainability-aligned skills.
In 2024, ONE was named one of Singapore’s Best Employers by The Straits Times. We also signed an MOU with the Singapore Maritime Foundation to support scholarships and internships, reinforcing our role in shaping the future of the maritime industry.
Collaborating for Collective Impact
We recognise that no one can solve maritime challenges alone. Through active participation in global platforms such as the World Shipping Council and Global Centre for Maritime Decarbonisation, we contribute to pilots and initiatives on fuel standards, operational best practices, and climate innovation.
We also launched ONESEA Solutions Pte Ltd., our ship management joint venture with SEASPAN CORPORATION. This new platform integrates technical oversight, crewing excellence, and safety management, laying the foundation for long-term operational and sustainability performance.
Looking Ahead
While safety remains our top priority, we are equally focused on accelerating decarbonisation. Our path forward lies in the trio of smart ships, smart operations, and smart people. This means designing the most efficient vessels, using live data to support real-time voyage optimisation, and empowering our people with the tools and skills to lead the transition, anchored in strong governance. As we navigate future challenges, we are encouraged by the collective momentum across the maritime sector. At ONE, we will continue to harness innovation and collaboration to deliver on our purpose - minimising harm, creating value for people and the planet, and leading with integrity in the journey toward sustainable shipping. I am grateful for your continued trust and support, and look forward to advancing the next phase of our sustainability journey together.
Sincerely,
Jeremy Nixon
Chief Executive Officer
VISION AND COMMITMENT
While shipping is universally recognized as one of the most efficient means of commercial transport, the industry still has significant impacts on the environment and society that need to be managed. This is compounded by the rise of international trade driving continued growth in maritime traffic, which is expected to translate to a nearly threefold increase in Greenhouse Gas (GHG) emissions by 2050, according to estimations by the International Maritime Organization (IMO).
As the sixth largest container carrier in the world by fleet size, ONE recognizes the role we can play to mitigate such impacts and advance sustainability efforts in the industry. In 2019, we developed our sustainability strategy to focus our efforts around four areas of priority:
1. Environment
2. Social
3. Governance
4. Operational Excellence
These priorities are based on the material sustainability topics that drive long-term value for our business and our stakeholders. Underpinning our priorities, is our Business Credo, which forms the core of ONE’s commitment to embedding responsible business practices.
ONE recognizes our role in providing safe and reliable services while meeting our customers’ expectations and maintaining their trust. At the helm of our brand, ONE’s Business Credo enshrines eight principles reflecting how we want to do business.
ONE’s Business Credo
1. Good-faith business activities
2. Environmental and safety initiatives
3. Enhanced security
4. Compliance with laws and ordinances, respect for human rights
5. Exclusion of antisocial activities
6. Disclosure of information and communication with society
7. Social contribution activities
8. Preservation of favourable work environments
ONE’S COMMITMENT TO THE UNITED NATIONS GLOBAL COMPACT (UNGC) PRINCIPLES
With our broad business activities spanning across 120 countries around the world, ONE is inherently confronted with worldwide ethics, human rights, labour and environmental issues, be it from a direct or an indirect manner. In turn, to responsibly mitigate the impacts of our operations on the global environment, ONE has sought to become a member of the Global Compact Network Singapore (GCNS), the local chapter of the United Nations Global Compact (UNGC) network.
As a member, ONE supports the ten UNGC Principles and has pledged to adopt and promote sustainable and responsible business practices. This means operating in ways that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.
Sustainable Development Goals (SDGs)
The Sustainable Development Goals are a suite of 17 actionable guidelines for all nations to adhere regardless of their income status, for the promotion of global prosperity and environmental protection. The initiative accentuates the importance of counteracting poverty which is perceived as a barrier to economic growth and emphasises on the tackling of social and environmental issues, as the precursors of the problem.
As a corporate member of Global Compact Network Singapore, ONE commits to the SDGs via the incorporation of the recommended best practices to its business strategies and operations.
While our business activities touch on all 17 interrelated SDGs, directly or indirectly, we have identified four priority SDGs (as shown below) which we believe we can have the biggest impact on through our core business activities as well as through partnering with others. These SDGs are of greatest relevance and alignment to ONE’s business and sustainability priorities, representing opportunities where we can best contribute to sustainable development. In addition, we identified SDGs 4, 5, 8, 12, 16 and 17 as also relevant to ONE’s overall sustainability agenda, constituting secondary focus areas where ONE’s activities can positively contribute to.
