Material Issue: Environmental Compliance

In this Chapter We have established GRI 307-1 and implemented a robust Environmental Management System to comply with relevant national and international legislation, regulations and voluntary initiatives which the company subscribes to. As an example, we are an active member of the Hellenic Marine Environment Protection Agency. Our fleet systematically complies with or exceeds environmental laws and regulations. Our advanced solutions (such electronically controlled engines) are designed to optimize fuel efficiency while reducing emissions – which help tackle global warming. Danaos Shipping is committed to operating at all times within the boundaries of environmental laws and regulations, such as the standards imposed by the IMO, the U.S. Oil Pollution Act of 1990, CERCLA (spills and releases of hazardous substances), The Clean Water Act, The Clean Air Act, and the EU MRV regulation. We carefully examine potential incidents of non-compliance and we set appropriate action plans to investigate the incident and to ensure that similar incidents do not occur in the future. During 2019 there were no incidents of non-compliance with environmental laws and regulations.