Pangaea Logistics Solutions Ltd..
PANL.US | Sea and coastal freight water transport
Pangaea Logistics Solutions Ltd. is a global provider of comprehensive maritime logistics and transportation services. The company specializes in handling and transporting dry bulk cargoes, including grains, coal, iron ore, and other commodities. Pangaea operates a fleet of owned and chartered vesse...Show More
Better Health for All
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No evidence available to assess Pangaea Logistics Solutions Ltd. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Pangaea Logistics Solutions Ltd. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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No specific, quantitative data related to Fair Pay & Worker Respect metrics for Pangaea Logistics Solutions Ltd.'s own workforce was found in the provided articles.
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While CEO compensation figures were available for 2018 (US$1.3 million)
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and 2023 ($1,436,452),
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the median employee compensation was not provided, making it impossible to calculate the CEO to median employee pay ratio.
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The articles explicitly stated data gaps for these metrics
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or focused on supplier codes of conduct rather than the company's internal performance.
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Fair Trade & Ethical Sourcing
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No information was found in the provided articles regarding Pangaea Logistics Solutions Ltd.'s performance on fair trade and ethical sourcing practices, including fair-trade certification, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in contracts, materials risk, or supplier diversity spend.
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Honest & Fair Business
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Pangaea Logistics Solutions Ltd. has a whistleblower policy, approved on October 10, 2014, which outlines procedures for receiving, investigating, and handling complaints regarding accounting, internal controls, fraud, or auditing matters.
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This policy details confidentiality and anonymity protections for employees and prohibits retaliation, covering fraud against investors, securities fraud, and SEC rule violations.
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However, there is no explicit evidence of independent investigation processes or a dedicated hotline. The company also has a Code of Ethics (Exhibit 14.1 in its 2024 10-K filing) and an anti-corruption policy that emphasizes compliance with applicable laws, including U.S. sanctions and anti-boycott laws, and avoiding unethical business practices.
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While an FCPA-compliant policy is in place, there is no information on the frequency or effectiveness metrics of its training. The company has not had any financial restatements mentioned in its 2024 10-K filing or other reports, indicating no formal restatements.
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Kind to Animals
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Pangaea Logistics Solutions Ltd. is a maritime logistics and transportation service provider. Its core business model does not involve animal products, animal testing, animal agriculture, or direct animal-related operations. The provided articles do not contain specific, concrete data points relevant to any of the 'Kind to Animals' KPIs, which primarily focus on these areas. For example, while Article 0 mentions 'shipping_duration' in 'marine_protected_areas', this is a measure of operational presence, not evidence of conservation initiatives or their measurable biodiversity impact as required by the 'wildlife_conservation_impact' KPI.
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Consequently, all KPIs are omitted due to a lack of applicable evidence.
No War, No Weapons
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No evidence available to assess Pangaea Logistics Solutions Ltd. on No War, No Weapons.
Planet-Friendly Business
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Pangaea Logistics Solutions reported Scope 1 emissions of 296,274 tCO2e in 2023, a decrease from 359,109 tCO2e in 2022.
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Scope 2 emissions were 55 tCO2e in 2022 and 75 tCO2e in 2021.
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The company publishes Scope 1 and 2 emissions but does not disclose Scope 3 emissions for any year.
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Respect for Cultures & Communities
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The provided articles, including the company's 2022, 2023, and 2024 ESG reports and 2023 Form 10-K, do not contain specific, quantitative data points relevant to any of the KPIs under the 'Respect for Cultures & Communities' ethical value.
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The 2024 ESG report explicitly states that data on cultural impact assessments, formal partnerships with indigenous or local communities, reinvestment in local communities, local employment, grievance mechanisms, FPIC participation, cultural preservation investment, local procurement, indigenous supplier count, cultural site protection, social license to operate, charitable giving, community fund allocation, language inclusivity, cultural incident response, and cultural training completion are not provided.
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Safe & Smart Tech
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No evidence available to assess Pangaea Logistics Solutions Ltd. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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The company reported zero spills and releases for 2022, 2023, and 2024, indicating strong hazardous waste management.
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It also had zero waste disposal violations in 2022 and 2023,
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,
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and no specific waste disposal violations were reported for 2024, only a general '1 incident' which is not specified as a waste violation.
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However, the company has not disclosed any formal waste reduction targets or climate pledges.
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