Environmental, Social & Governance Report

Materiality Analysis

Stakeholder Engagement

The ongoing dialogue with stakeholders is a key part of Danaos Shipping sustainability strategy and their feedback is essential so that we can fulfill their needs and concerns, through our strategy, initiatives and goals.

Materiality helps us report on the sustainability issues that matter most to our business and stakeholders. In determining if an issue is material, we consider our impacts across the value chain through the involvement of our main stakeholders.
We use our materiality assessment to identify priority sustainability issues across our business and ensure we report on the issues of most interest to our stakeholders. We update our assessment each year to make sure it reflects changes in our business and the external environment.
Addressing each and every issue related to the ESG (environmental, social and governance) factors enables us to design a sustainability strategy accordingly and defines our reporting.

Our Stakeholders
What they expect from us
Communication Channels and Frequency of Engagement
Employees
(Office staff & Seafarers)
Our employees expect from Danaos Shipping to be a fair employer, to provide safe working conditions and to care for the work-life balance of the employees, to provide opportunities for training and professional development, and to provide a discrimination-free working environment.

Relative material issues: Anti-corruption, Response to Social Crisis, Energy consumption, Emissions, Environmental Compliance, Emergency Preparedness, Risk Assessment, Innovation and Digitization, Waste Management, Occupational Health and Safety, training and education, Audits/Inspections/Surveys, Governance, Biodiversity
We support an ongoing open communication between management and employees. Engagement also through monthly internal meetings as well as an annual management review report. We host regular team building activities and employee welfare initiatives, and we hold regular employee satisfaction surveys.
Customers
(Charterers)
Our customers expect high quality and flexible services, to provide ongoing and accurate support, to be flexible to their requirements, to be transparent, and to conduct our business in a sustainable manner (ethical, safe, environmentally-friendly, respecting of human rights).

Relative material topics: Energy consumption, Environmental Compliance, Emergency preparedness, Risk assessment, Innovation and digitization, Waste management, Audits/Inspections/Surveys, Governance
We engage with our customers through our cargo booking process and our dedicated customer service coordinators. We also hold review meetings, every 6 months (or when needed), in order to share information on action plans and long-term strategy. We work closely with our customers to develop services that promote sustainability, and we participate to our customers’ benchmarking systems and sustainability assessments.
Finance Related
(Banks)
Our finance related stakeholders are interested in our company’s creditworthiness and financial performance, to receive accurate information, in our risk control and assessment, and to the company’s robust management processes and long-term growth.

Relative material topics: Anti-corruption, Environmental Compliance, Emergency Preparedness, Risk Assessment, Governance
We are in daily communication with our finance related stakeholders through our contracts, our financial reports, progress meetings, and our corporate presentation and in general our day-to-day transaction.
Government Officials and Authorities
(Port State Control)
Government officials and agencies expect from us to be compliant and consistent, to conduct safe and environmentally-friendly operation, to implement quality standards, to do our due diligence, and to generate economic growth.

Relative material topics: Anti-corruption, Response to Social Crisis, Emissions, Environmental Compliance, Emergency Preparedness, Risk Assessment, Innovation and Digitization, Waste Management, Occupational Health and Safety, Audits/Inspections/Surveys, Governance
We engage with government officials and authorities through notices/instructions about latest rules and requirements, through the results of our inspections and auditing programs, and through formal dialogue and communication channels.
International and Industry Organizations and Regulators
(e.g. IMO, HELMEPA)
These stakeholders expect our active participation, collaboration and support, to be up-to-date and compliant with new requirements, to operate in an ethical manner, and to promote the internal sustainability culture.

Relative material topics: Environmental Compliance, Risk Assessment, Innovation and Digitization, Waste Management, Occupational Health and Safety, Audits/Inspections/Surveys, Governance
We engage though annual and ad-hoc meetings, through memberships, audits, through participation in high-kevel meetings, steering groups, committee, councils, forums and projects, as well as in the formation of joint action plans.
Suppliers
(port agents, manufacturers, shipyards)
Our suppliers expect a fair and long-term cooperation, the timely execution of our financial responsibilities, to inform them in time of any significant changes, and to exchange knowledge and business opportunities.

Relative material topics: Emergency Preparedness, Risk Assessment, Innovation and Digitization, Waste Management, Audits/Inspections/Surveys , Governance
We communicate with our suppliers through our supplier performance evaluation, through service review meetings (with major suppliers), through our participation in supplier organized workshops and on- site visits.
Society
(NGOs, Local Communities)
Our social stakeholders expect from us to support social and economic development, to conduct our business in an ethical manner and protect human rights, to provide employment opportunities, and to participate in initiatives in order to support social and environmental causes.

Relative material topics: Response to Social Crisis, Emissions, Environmental Compliance, Occupational Health and Safety
We communicate through news published on our corporate web-site and social media accounts, through our donations and charities, and through our participation in discussions/ dialogue in sustainability forums organized by NGOs

Methodology

Step 1
Choosing the stakeholders to be involved in the process. The groups involved in the materiality survey were Employees, Crew, Financial Institutions, Charterers, Suppliers and Danaos Management.
Step 1
Step 2
Identifying and prioritizing the sustainability topics using the GRI Standards. During this step, the material topics identified by other organizations in the Shipping sector were taken into account.
Step 2
Step 3
Conducting a materiality survey, through a qualitative questionnaire, in order to identify the material topics. For every question a qualitative scale (very high, high, medium, and low) was used in order to evaluate the importance of each topic.
Step 3
Step 4
Analyzing the results and presenting the topics in a materiality matrix. Upon completion of the material assessment process, the following topics were considered to be of high importance, thus are included in this year's Danaos Shipping ESG report.
Step 4

Our material issues

Materiality Matrix

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  1. Economic Performance
  2. Indirect Economic Impact
  3. Procurement Practices
  4. Anti-corruption
  5. Risk Assessment
  6. Tax
  7. Corporate Governance
  8. Energy Consumption
  9. Biodiversity
  10. Water (Inc. Ballast Water)
  11. Emissions (or Air Pollution)
  12. Waste and Spill Management
  13. Noise
  14. Environmental Compliance
  15. Selecting and Evaluating Supplier using Environmental Criteria
  16. Employment
  17. Labor/Management Relations
  18. Occupational Health and Safety
  19. Training and Education
  20. Diversity, Equal Opportunity and Non-discrimination
  21. Emergency Preparedness
  22. Supplier Social Assessment
  23. Security Practices
  24. Corporate Responsibility Activities
  25. Human Rights Assessment
  26. Audits, Inspections and Surveys
  27. Innovation and Digitalization
  28. Socio-economic Compliance
  29. Response to Social Crisis
Materiality Matrix Legend