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Atlas Corp. Unveils Its 2024 Sustainability Report

On July 1, 2025, Atlas Corp. proudly announced the release of its fifth annual Sustainability Report, highlighting key developments in their Environment, Social, and Governance (ESG) initiatives. Focusing on the period from January 1, 2024, to December 31, 2024, the report showcases the company's dedication to sustainable practices, particularly emphasizing the performance of its subsidiary, Seaspan Corporation.

One significant event that shaped 2024 was Atlas’s strategic decision to divest most assets of APR Energy and cease its operations. As a result, this report primarily concentrates on Seaspan Corporation, marking a notable shift from previous reports that included both entities. This focused approach allows for a deeper exploration of Seaspan's ongoing sustainability initiatives and achievements.

Double Materiality Assessment

In 2024, Seaspan undertook a comprehensive double materiality assessment. This evaluation was pivotal in assessing ESG factors from both an impact and financial perspective. By understanding the significance of these factors, Seaspan identified various risks and opportunities, driving the strategy for goal-setting and performance assessment. The results of the assessment not only aligned closely with previous evaluations but also indicated a strong consensus on the prioritization of sustainability impacts among internal and external stakeholders. This alignment is crucial as it signifies a collective approach towards embedding sustainability within the company’s business operations.

Decarbonization Initiatives

Furthering its commitment to sustainability, Seaspan has made remarkable strides in its decarbonization journey. The company launched the Action for Vessel Energy Reduction (SAVER) initiative, aimed at enhancing the efficiency of each vessel within its fleet, while also striving to reduce fuel consumption and emissions. In 2024 alone, Seaspan invested $37.8 million to elevate the efficiency of its vessels and pursued investments in alternative fuel technologies. As of December 31, 2024, Seaspan's fleet proudly included 24 LNG dual-fueled containerships, which is a testament to its commitment to embracing cleaner energy solutions.

Social and Governance Goals

In the realm of social responsibility, Seaspan is steadfast in its commitment to fostering a fair workplace and ensuring occupational health and safety. The corporation continually reinforces its governance policies, prioritizing principles of accountability, transparency, and security—essential elements in safeguarding the interests of its stakeholders and the public.

Bing Chen, the President and CEO of Seaspan Corporation, commented on the initiatives stating, "We are pleased to continue to advance our ESG initiatives—progress that has been driven by cross-functional teams through the collective efforts of our entire organization. With the steadfast support of our Board of Directors and the active engagement of our stakeholders, we continue to partner with our customers and embed sustainability into the core of our strategy and operations."

Concluding Thoughts

The 2024 Sustainability Report serves as a crucial document, reflecting Atlas Corp. and Seaspan's unwavering commitment to sustainability and responsible business practices. For those interested in exploring more about their initiatives, the complete report can be downloaded at esg.atlascorporation.com.

Atlas Corp. stands as a leader in the global asset management sphere, known for its disciplined capital deployment strategies aimed at fostering sustainable shareholder value. By focusing on high-quality maritime infrastructure assets, they target long-term, risk-adjusted returns. Further information about Atlas Corp. can be found at atlascorporation.com.