Atlas Corporation and Seaspan's 2024 Sustainability Report Emphasizes ESG Commitment
On July 1, 2025, Atlas Corporation took a significant step forward in its commitment to environmental, social, and governance (ESG) practices by unveiling its 2024 Sustainability Report, which marks the fifth annual report of its kind. This report emphasizes the initiatives undertaken by Atlas and its principal subsidiary, Seaspan Corporation, throughout the year from January 1 to December 31, 2024.
The scope of this year’s report differs from its predecessors, as Atlas divested the majority of its APR Energy assets and ceased operations within that segment. Consequently, this report focuses exclusively on Seaspan Corporation, offering a comprehensive look at its ongoing efforts and achievements in sustainability.
A cornerstone of Seaspan's 2024 initiatives was a dual materiality assessment aimed at evaluating the significance of various ESG factors from both impact and financial perspectives. This thorough assessment sought to identify potential risks and opportunities, refine strategies, set measurable goals, and establish key performance indicators. The resulting materiality themes closely aligned with those from previous evaluations, highlighting a consistent prioritization of sustainability impacts perceived by both internal teams and external stakeholders.
Seaspan is firmly dedicated to decarbonization efforts aimed at enhancing overall fleet efficiency. One of its standout initiatives, the SAVER program (Action for Vessel Energy Reduction), focuses on improving fuel efficiency and reducing emissions across its fleet. During 2024, Seaspan invested approximately $37.8 million in enhancing the efficiency of its vessels. Notably, by the end of the year, the fleet had incorporated 24 dual-fuel LNG container ships, reflecting Seaspan’s commitment to integrating alternative fuel options.
On the social governance front, Seaspan continues to prioritize the maintenance of a fair work environment along with health and safety measures for its workforce. The company is consistently refining its governance policies, emphasizing accountability, transparency, and safety in order to safeguard the long-term interests of its stakeholders and the broader community.
Bing Chen, President and CEO of Atlas Corp, expressed enthusiasm about the ongoing progress of ESG initiatives: “We are pleased to advance our ESG efforts, which have been driven by cross-functional teams through the collective efforts of our entire organization. With the staunch support of our Board of Directors and the active engagement of our stakeholders, we continue to collaborate with our customers and embed sustainability at the core of our strategy and operations.”
For those interested in a deeper dive into Atlas’ sustainability practices, the full 2024 Sustainability Report can be accessed at esg.atlascorporation.com.
About Atlas Corp.:
Atlas is recognized as a global leader in asset management, distinguished by its dual role as an owner and operator, with a focus on the disciplined deployment of capital to create sustainable shareholder value. The company seeks long-term risk-adjusted returns on high-quality infrastructure assets in the maritime sector. To learn more about Atlas Corp., visit atlascorporation.com.
The scope of this year’s report differs from its predecessors, as Atlas divested the majority of its APR Energy assets and ceased operations within that segment. Consequently, this report focuses exclusively on Seaspan Corporation, offering a comprehensive look at its ongoing efforts and achievements in sustainability.
A cornerstone of Seaspan's 2024 initiatives was a dual materiality assessment aimed at evaluating the significance of various ESG factors from both impact and financial perspectives. This thorough assessment sought to identify potential risks and opportunities, refine strategies, set measurable goals, and establish key performance indicators. The resulting materiality themes closely aligned with those from previous evaluations, highlighting a consistent prioritization of sustainability impacts perceived by both internal teams and external stakeholders.
Seaspan is firmly dedicated to decarbonization efforts aimed at enhancing overall fleet efficiency. One of its standout initiatives, the SAVER program (Action for Vessel Energy Reduction), focuses on improving fuel efficiency and reducing emissions across its fleet. During 2024, Seaspan invested approximately $37.8 million in enhancing the efficiency of its vessels. Notably, by the end of the year, the fleet had incorporated 24 dual-fuel LNG container ships, reflecting Seaspan’s commitment to integrating alternative fuel options.
On the social governance front, Seaspan continues to prioritize the maintenance of a fair work environment along with health and safety measures for its workforce. The company is consistently refining its governance policies, emphasizing accountability, transparency, and safety in order to safeguard the long-term interests of its stakeholders and the broader community.
Bing Chen, President and CEO of Atlas Corp, expressed enthusiasm about the ongoing progress of ESG initiatives: “We are pleased to advance our ESG efforts, which have been driven by cross-functional teams through the collective efforts of our entire organization. With the staunch support of our Board of Directors and the active engagement of our stakeholders, we continue to collaborate with our customers and embed sustainability at the core of our strategy and operations.”
For those interested in a deeper dive into Atlas’ sustainability practices, the full 2024 Sustainability Report can be accessed at esg.atlascorporation.com.
About Atlas Corp.:
Atlas is recognized as a global leader in asset management, distinguished by its dual role as an owner and operator, with a focus on the disciplined deployment of capital to create sustainable shareholder value. The company seeks long-term risk-adjusted returns on high-quality infrastructure assets in the maritime sector. To learn more about Atlas Corp., visit atlascorporation.com.
Topics General Business）
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