MASHINIi

Seanergy Maritime Holdings Corp..

SHIP.US | Sea and coastal freight water transport

Seanergy Maritime Holdings Corp. is an international shipping company focused on the seaborne transportation of dry bulk commodities. The company owns and operates a fleet of Capesize vessels, which are among the largest dry bulk carriers, primarily transporting iron ore and coal. Seanergy charters ...Show More

Ethical Profile

Mixed.

Seanergy Maritime Holdings Corp. is actively trialing SulNOxEco fuel conditioner, with reports suggesting a 5-6% reduction in fuel consumption, an initiative aimed at mitigating its environmental footprint. However, the company's core dry bulk shipping business, operating a fleet of 17 vessels with an average age of 12.8 years, is inherently carbon-intensive. Critics point to the 2023 ESG report's lack of quantitative data on key environmental metrics like Scope 1-3 emissions and renewable energy usage. On a positive note, Seanergy has a comprehensive deforestation policy with 60-70% verified implementation and is reportedly measuring impacts on vulnerable populations. For most other ethical areas, including worker respect and fair business, there is insufficient public information to form a detailed assessment.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Better Health for All.

Fair Money & Economic Opportunity

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Fair Trade & Ethical Sourcing.

Honest & Fair Business

10

Seanergy Maritime Holdings Corp. reported zero regulatory fines or monetary penalties for non-compliance with laws or regulations for 2021, 2022, and 2023.

1
The company has a Whistleblower Policy with specific procedures for confidential or anonymous reporting of accounting matters, including a publicly disclosed email address, and states it will not tolerate retaliation against employees who make complaints.
2
The company had financial restatements in 2022, adjusting 2021 figures for seafarer training hours, total seafarer count, and Adjusted EBITDA.
3
The company's board composition is 80% independent.
4
An Anti-Corruption and Bribery policy exists, consistent with the FCPA, and has been communicated to 100% of governance body members, employees, seafarers, and business partners.
5
All employees have been trained in anti-corruption policies and procedures, and there were zero confirmed incidents of corruption in 2021 and zero public legal cases regarding corruption in 2022.
6
The company is audited by a Big 4 firm (EY from 2015-2021, Deloitte from 2022 onwards) for audit and SOX404 ICFR audit review services, with the internal audit department conducting annual reviews and the same control environment independently examined by external auditors.
7
The ESG reports for 2022 and 2024 received independent assurance statements from CSE North America, confirming compliance with GRI and SASB standards, with a Type 2 ‘moderate’ level of assurance.
8

Kind to Animals

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Kind to Animals.

No War, No Weapons

0

Seanergy Maritime Holdings Corp. is an international shipping company focused on the seaborne transportation of dry bulk commodities such as iron ore and coal. The provided articles, including the 2022 and 2023 ESG reports, explicitly state that they do not contain any data relevant to the company's involvement in arms or defense contracts, peacebuilding, or conflict divestment.

1
There is no evidence of revenue derived from arms or defense contracts, indicating no such activities in its core business.
2

Planet-Friendly Business

-20

Seanergy Maritime Holdings Corp. has reported no environmental compliance violations, regulatory actions, or fines.

1
The company is piloting SulNOxEco fuel conditioner across its 17-vessel fleet, with other trials of the conditioner showing 5% to over 6% reductions in fuel consumption.
2
Seanergy's stated mission is to reduce shipping emissions and lead in a greener maritime industry.
3
The company released its 2023 Environmental, Social and Governance Report, which is aligned with GRI 2021 Standards and SASB for Marine Transportation and received limited assurance.
4

Respect for Cultures & Communities

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Respect for Cultures & Communities.

Safe & Smart Tech

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Safe & Smart Tech.

Zero Waste & Sustainable Products

0

No evidence available to assess Seanergy Maritime Holdings Corp. on Zero Waste & Sustainable Products.

Own Seanergy Maritime Holdings Corp.?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.