#USA #London #ESG Initiatives #Seaspan Corporation #Atlas Corp

Atlas Corp. and Seaspan Corporation Present Their 2024 Sustainability Report

On July 1, 2025, Atlas Corp. (Atlas) announced the release of its 2024 Sustainability Report, marking the fifth annual report dedicated to the company’s efforts in Environment, Social, and Governance (ESG) initiatives. This report highlights the activities from January 1, 2024, to December 31, 2024, focusing primarily on its key subsidiary, Seaspan Corporation (Seaspan), following Atlas's divestiture of most of its APR Energy assets during the same year.

The 2024 Sustainability Report outlines significant progress made by Seaspan in assessing its ESG factors through a dual materiality assessment. This approach not only evaluates the impact of its operations but also examines the financial relevance of these factors. The assessment results indicated that the prioritized ESG themes have remained consistent with previous evaluations, illustrating a robust alignment between sustainability goals and business operations. This is indicative of Seaspan's commitment to integrating ESG principles deeply into its strategic framework.

In line with its commitment to sustainability, Seaspan has made substantial strides toward decarbonization. The company’s SAVER initiative (Action for Vessel Energy Reduction) aims to enhance the overall efficiency of its vessels, subsequently lowering fuel consumption and emissions across its fleet. In 2024, Seaspan invested approximately $37.8 million to heighten the efficiency of its existing ships while simultaneously expanding its fleet with vessels powered by alternative fuels. As of December 31, 2024, Seaspan’s fleet comprises 24 container ships utilizing LNG, showcasing a progressive shift toward more environmentally friendly shipping methods.

Beyond environmental sustainability, Seaspan remains dedicated to social responsibility by fostering a fair workplace and prioritizing health and safety standards. The company continually strengthens its governance policies to emphasize accountability, transparency, and security, aligning with the long-term interests of its stakeholders and the greater community.

Bing Chen, the President and CEO of Atlas, expressed pride in the organization’s ongoing ESG initiatives, underscoring that these achievements stem from collaborative efforts across all functional teams. He stated, “Driven by the unwavering support of our Board of Directors and the active engagement of our stakeholders, we will continue to work closely with our customers while embedding sustainability into the core of our strategy and operations.”

For those interested in delving deeper into the initiatives outlined, the complete 2024 Sustainability Report is available for download at esg.atlascorporation.com.

About Atlas Corp.

Atlas Corporation is a premier global asset management firm, recognized for its role as a top-tier owner and operator with a disciplined capital allocation strategy aimed at generating sustainable shareholder value. The company focuses on achieving long-term, risk-adjusted returns through high-quality infrastructure investments in the maritime sector. For more information, visit atlascorporation.com.