#London #United Kingdom #Seaspan Corporation #Sustainability Report #Atlas Corp.

Atlas Corp. Announces 2024 Sustainability Report

On July 1, 2025, Atlas Corp., a global asset management leader, proudly released its 2024 Sustainability Report. This report marks the fifth annual documentation of the environmental, social, and governance (ESG) initiatives undertaken by the company. It encapsulates the activities conducted by Atlas and its primary subsidiary, Seaspan Corporation, for the year ending December 31, 2024.

In a notable shift this year, Atlas divested the majority of its assets from APR Energy and halted its operations. As a result, this year's report focuses solely on Seaspan Corporation, providing more concentrated insights than prior reports which included both Seaspan and APR Energy.

Key Highlights of the 2024 Report

One of the significant undertakings within the report is Seaspan's double materiality assessment. This approach evaluated the relevance of ESG factors from both impact and financial perspectives. By doing so, Seaspan was able to identify key risks and opportunities, streamline strategies, set objectives, and establish key performance indicators (KPIs) to focus its efforts on crucial areas. The resulting material issues closely aligned with previous assessments, demonstrating a strong consensus among external and internal teams regarding the prioritization of perceived impacts, thus suggesting a solid link between sustainability efforts and business operations.

Seaspan has made significant strides in its decarbonization efforts. The SAVER initiative, aimed at improving the overall efficiency of its vessels, highlights the commitment to reducing fuel consumption and emissions across the fleet. Notably, in 2024, Seaspan invested approximately $37.8 million in enhancing the efficiency of its ships. Additionally, efforts to integrate alternative fuel vessels into the fleet are ongoing, and as of December 31, 2024, Seaspan's fleet boasted 24 dual-fuel LNG containerships.

Seaspan also remains committed to its social objectives, including fostering a fair work environment and ensuring occupational health and safety. The company consistently strengthens its governance policies, prioritizing accountability, transparency, and security to protect the long-term interests of stakeholders and the public.

Bing Chen, CEO and General Manager of Atlas Corp., expressed satisfaction with the company's ongoing ESG initiatives. He remarked, "We are pleased to continue driving our ESG initiatives, progress driven by cross-functional teams through the collective effort of the entire organization. With unwavering support from our Board of Directors and active involvement from our stakeholders, we are committed to collaborating with our customers and integrating sustainability into the core of our strategy and operations."

For those interested in a deeper dive, the complete 2024 Sustainability Report is available for download at esg.atlascorporation.com.

About Atlas Corp.

Atlas Corp. stands out as a global leader in asset management, particularly noted for its role as a leading owner and operator focused on disciplined capital investment aimed at generating sustainable value for shareholders. With a commitment to achieving long-term risk-adjusted returns in high-quality maritime infrastructure assets, Atlas is dedicated to fostering an environment that supports sustainable business practices. For more information, please visit atlascorporation.com.