SUSTAINABILITY
Sustainability is one of our core values at Algoma. We believe in our people, we care for our planet, and we work to ensure the prosperity of our stakeholders.
governance
Achieve & Maintain Operations Excellence
- reliability & process improvement
- incident prevention
- value for customers
governance
Promote A Strong Foundation
- vision & values
- ethics & compliance
- management systems
- strategic partnerships and collaboration
governance
Promote A Strong Foundation
- vision & values
- ethics & compliance
- management systems
- strategic partnerships and collaboration
environment
Minimize Environmental Footprint
- reduce emissions
- invest in decarbonization
- innovative technologies
- reduce waste generation
- responsible ship recycling
environment
Protect Marine Ecosystems & Biodiversity
- marine mammal protection
- aquatic invasive species risk reduction
- spill prevention
governance
Achieve & Maintain Operations Excellence
- reliability & process improvement
- incident prevention
- value for customers
governance
Promote A Strong Foundation
- vision & values
- ethics & compliance
- management systems
- strategic partnerships and collaboration
environment
Minimize Environmental Footprint
- reduce emissions
- invest in decarbonization
- innovative technologies
- reduce waste generation
- responsible ship recycling
environment
Protect Marine Ecosystems & Biodiversity
- marine mammal protection
- aquatic invasive species risk reduction
- spill prevention
REPORTS
Sustainability Report
Sustainability Report
Sustainability Report
SUSTAINABILITY
At its core, Algoma’s sustainability strategy recognizes the foundations that form the basis of our approach to sustainability. These include: strong corporate governance; our
shared values; our commitments to community and shared prosperity; and the robust management system policies and procedures that have been in place for many years. The strategy is continuously updated to reflect Algoma’s current sustainability priorities.
ENVIRONMENT
Lowering Our Carbon Footprint
Since 2010, Algoma has invested over $560 million in fleet renewal and introduced 10 new Equinox Class vessels to the Canadian Dry-Bulk fleet with two additional vessels currently under construction.
Our new Equinox Class vessels were designed and constructed with energy efficiency improvements, achieving a 40% improvement in carbon intensity when compared to the ships they have replaced. These ships have brought technological advancements in fuel efficiency, cargo capacity and real time vessel monitoring. We have also set new GHG reduction targets: a
40% reduction in GHG emissions by 2030, and to reach net-zero by 2050.
SOCIAL
WE'RE POWERED BY OUR PEOPLE
At Algoma, we prioritize fostering growth and ensuring a safe, inclusive workplace for our seafarers and shoreside employees. Our 125-year history reflects a commitment to employee well-being through competitive salaries, benefits, education, injury prevention, and a diverse, inclusive environment. Our aim is to empower our people and promote a sense of belonging and
pride in contributing to the success of the Bear family.
GOVERNANCE
OUR VISION, YOUR MARINE CARRIER OF CHOICETM
Our vision, Your Marine Carrier of Choice™, is intended to be inclusive of all of Algoma’s
stakeholders: we want employees to choose to work for Algoma, customers to choose us as their
preferred marine carrier, investors to expand their portfolio using Algoma shares, banks to trust our value of
growth, partners to launch joint ventures with us, and ultimately, society to choose the marine mode of
transportation as the most sustainable way to ship goods. The vision guides our employees and is
supported by the company’s core values of Integrity, Sustainability, Teamwork, Ownership and Passion.
These values are the principles to which employees can refer back to when conducting their day-to-day
activities and business operations.
