2021 Report Highlights

2021 HIGHLIGHTS

Sustainability Governance

Identified five additional ESG priorities that define our business fundamentals.

Aligned ESG data disclosures with the Sustainability Accounting Standards Board (SASB)’s Marine Transportation Industry standard.

Health and Safety First

Supported crews in maintaining safe vessel operations throughout the pandemic and rolled out crew vaccination programs across regions.

Reduced the Total Recordable Case Frequency

Rate (TRCFR) by 12.5 percent, continuing a year-over-year downward trend since 2012.

Decarbonization

Utilized B100 biodiesel on eight vessels, resulting in lifecycle CO2eq emissions reductions of 80 percent, compared with using marine gas oil.

Eliminated ozone depleting refrigerant gases R22 and R409A from the fleet.

Achieved a 26 percent reduction of CO2eq per tonne of cargo moved compared to 2005.

Protecting Life Below Water

Completed the installation of six ballast water treatment systems in the global fleet.

Supported the development and testing of a real-time cavitation monitoring system.

Resource Conservation and Supply Chains

Produced 61 percent less shipboard waste per crew per operational day than in 2010.

Eliminated incinerator use in the Canadian fleet.

Recycled three vessels in the most responsible way possible.

Ethics and Integrity

Investigated and treated 21 alleged breaches to CSL policies, which were also reported to the Audit and Risk and Human Resources

Committees of the Board of Directors.

Investing in Our People

Ensured a safe return to the office and initiated a transition toward a hybrid work environment.

Was named one of Montreal’s Top Employers for the third consecutive year. Enhanced diversity and inclusion with the creation of a new position.

Employee and Community Engagement

Donated approximately one percent of total net profit to charitable causes and disaster relief.

Established a new corporate donations pillar to support Indigenous organizations and initiatives.

Creating Value for Our Customers

Delivered four vessels to meet customer requirements including the state-of-the-art 26,000 DWT self-unloading ship, Nukumi, built to service Windsor Salt.

Achieved a Net Promoter Score of 9.04 in the annual CSL customer survey. Acquired a minority stake in Canadian engineering firm EMS-Tech Inc.