At PSA, we are committed to navigating the depths of sustainability, breaching new frontiers and spearheading sustainable transformation across our ports and supply chain operations. Our annual report on sustainability underscores PSA's commitment to transparency and accountability. It provides a comprehensive overview of our sustainability initiatives, achievements, and progress toward our goals.
Our Approach to Sustainability
Our sustainability strategy framework, shaped by stakeholder engagement and a thorough materiality assessment, guides our efforts to create sustainable value and manage key risks. We defined three strategic growth drivers: “Taking Climate Action”, “Transforming Supply Chains” and “Nurturing A Future-Ready Workforce”. These drivers are closely aligned with our business strategy, reinforcing our commitment to sustainable value creation.
Supporting these drivers are five business fundamentals: “Ensuring Responsible Operations”, “Protecting Our People”, “Acting With Integrity”, “Supporting Our Communities”, and “Keeping Our Operations Safe and Secure”.
Together, they embed responsible practices throughout our organisation, providing a clear framework to drive sustainable growth.
Supporting these drivers are five business fundamentals: “Ensuring Responsible Operations”, “Protecting Our People”, “Acting With Integrity”, “Supporting Our Communities”, and “Keeping Our Operations Safe and Secure”.
Together, they embed responsible practices throughout our organisation, providing a clear framework to drive sustainable growth.
Environment
Environmental sustainability is at the heart of our operations, as PSA strives to create a positive environmental legacy. We are dedicated to addressing the climate crisis through decisive action, aiming for net zero emissions by 2050 in alignment with the Paris Agreement. Guided by our identified decarbonisation levers, we focus on process efficiency and optimisation, electrifying our fleet, adopting low-carbon fuels, and expanding the use of renewable energy to significantly reduce our Scope 1 and 2 emissions.
In our operations, we also work to continually enhance our waste and water management practices, with an emphasis on contributing to the circular economy. Our approach ensures the resilience of our operations and assets, enabling us to adapt to evolving climate-related challenges and risks while minimising our environmental footprint.
In our operations, we also work to continually enhance our waste and water management practices, with an emphasis on contributing to the circular economy. Our approach ensures the resilience of our operations and assets, enabling us to adapt to evolving climate-related challenges and risks while minimising our environmental footprint.
Social
People are the cornerstone of our business. We are committed to fostering a skilled, diverse, and inclusive workforce while prioritising health, safety and mental resilience. Grounded in our FISH! and FISH+ principles, we empower employees to thrive in an evolving global economy through growth opportunities and a supportive work environment.
Beyond our workforce, our dedication extends to the communities we serve, where we strive to build strong relationships and contribute positively to their wellbeing and resilience.
Beyond our workforce, our dedication extends to the communities we serve, where we strive to build strong relationships and contribute positively to their wellbeing and resilience.
Governance and Economic
Governance at PSA is built on a foundation of trust, accountability, and integrity, guiding our actions every day. Upholding the highest ethical standards, we contribute towards stability in global trade while extending responsible practices across our procurement chain, benefiting business, communities, and the planet.
Our emphasis on port security, cybersecurity and data privacy, ensures that we safeguard our stakeholders’ interests in an increasingly complex digital landscape. At the same time, we strive to optimise global supply chains through partnerships, and leveraging innovation and technology to drive sustainability and operational efficiency.
Our emphasis on port security, cybersecurity and data privacy, ensures that we safeguard our stakeholders’ interests in an increasingly complex digital landscape. At the same time, we strive to optimise global supply chains through partnerships, and leveraging innovation and technology to drive sustainability and operational efficiency.
data
The performance data reported is for the period 1 January 2024 to 31 December 2024, encompassing all our business entities as per our public financial statements, unless otherwise stated.
To uphold best practices in sustainability reporting and provide clear, accurate insights into our performance, we have prepared this report in accordance with the GRI Universal Standards 2021 and aligned our disclosures with other key global standards, including the Taskforce on Climate-related Financial Disclosures (TCFD).
In addition, an internal review was conducted on data within this report, with our Scope 1 and 2 emissions data externally verified against the ISO 14064-1:2018 at least once in three years. More information is available at the section Emissions and Energy.
To further enhance internal governance and ensure compliance to upcoming regulatory needs, Group Internal Audit and Group Sustainability are developing an internal audit framework on our material ESG topics, which will strengthen sustainability auditing capability within our organisation. We will review the incorporation of external assurance in subsequent reports.
To uphold best practices in sustainability reporting and provide clear, accurate insights into our performance, we have prepared this report in accordance with the GRI Universal Standards 2021 and aligned our disclosures with other key global standards, including the Taskforce on Climate-related Financial Disclosures (TCFD).
In addition, an internal review was conducted on data within this report, with our Scope 1 and 2 emissions data externally verified against the ISO 14064-1:2018 at least once in three years. More information is available at the section Emissions and Energy.
To further enhance internal governance and ensure compliance to upcoming regulatory needs, Group Internal Audit and Group Sustainability are developing an internal audit framework on our material ESG topics, which will strengthen sustainability auditing capability within our organisation. We will review the incorporation of external assurance in subsequent reports.
contact
For any inquiries, feedback on this report, or recommendations to enhance our sustainability performance and communications, please contact Group Sustainability at [email protected]. We value your insights as we continue to advance our commitment to sustainability.
