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Performance Shipping Inc. Issues 2023 Sustainability Report

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Performance Shipping (NASDAQ: PSHG) has released its 2023 Sustainability Report, demonstrating its commitment to Environmental, Social, and Governance (ESG) transparency and accountability. The comprehensive report, which adheres to the Global Reporting Initiative Universal Standards 2021, details the company's initiatives in sustainable and responsible operations throughout 2023. The report, focusing on the tanker vessel operator's ESG practices and corporate governance framework, is now accessible on the company's website.

Performance Shipping (NASDAQ: PSHG) ha pubblicato il suo Rapporto sulla Sostenibilità 2023, dimostrando il suo impegno per la trasparenza e la responsabilità in ambito Ambientale, Sociale e di Governance (ESG). Il rapporto completo, che segue gli Standard Universali 2021 dell'Iniziativa per la Rendicontazione Globale, descrive le iniziative dell'azienda per operazioni sostenibili e responsabili nel corso del 2023. Il rapporto, incentrato sulle pratiche ESG dell'operatore di petroliere e sul quadro di governance aziendale, è ora accessibile sul sito web dell'azienda.

Performance Shipping (NASDAQ: PSHG) ha publicado su Informe de Sostenibilidad 2023, demostrando su compromiso con la transparencia y la responsabilidad en materia Ambiental, Social y de Gobernanza (ESG). El informe completo, que se adhiere a los Estándares Universales 2021 de la Iniciativa de Informe Global, detalla las iniciativas de la empresa en operaciones sostenibles y responsables a lo largo de 2023. El informe, que se centra en las prácticas ESG del operador de buques cisterna y el marco de gobernanza corporativa, ya está disponible en el sitio web de la empresa.

퍼포먼스 배송(나스닥: PSHG) 이 2023 지속 가능성 보고서를 발표했습니다. 이는 환경, 사회 및 거버넌스 (ESG) 투명성과 책임에 대한 헌신을 보여줍니다. 글로벌 보고 이니셔티브 보편적 기준 2021에 따른 포괄적인 보고서는 2023년 동안 지속 가능하고 책임 있는 운영을 위한 회사의 이니셔티브를 자세히 설명합니다. 이 보고서는 탱커 선박 운영자의 ESG 관행 및 기업 거버넌스框架에 초점을 맞추며, 회사 웹사이트에서 확인할 수 있습니다.

Performance Shipping (NASDAQ: PSHG) a publié son Rapport de durabilité 2023, démontrant son engagement envers la transparence et la responsabilité en matière d'environnement, de social et de gouvernance (ESG). Le rapport complet, conforme aux Normes universelles de l'Initiative de rapport mondial 2021, détaille les initiatives de l'entreprise en matière d'opérations durables et responsables tout au long de 2023. Le rapport, axé sur les pratiques ESG de l'opérateur de navires-citernes et sur le cadre de gouvernance d'entreprise, est maintenant accessible sur le site web de l'entreprise.

Performance Shipping (NASDAQ: PSHG) hat seinen Nachhaltigkeitsbericht 2023 veröffentlicht, der sein Engagement für Transparenz und Verantwortung in den Bereichen Umwelt, Soziales und Unternehmensführung (ESG) demonstriert. Der umfassende Bericht, der den Global Reporting Initiative Universal Standards 2021 entspricht, beschreibt die Initiativen des Unternehmens für nachhaltige und verantwortungsvolle Betriebe im Laufe des Jahres 2023. Der Bericht, der sich auf die ESG-Praktiken des Tankerbetreibers und den Rahmen der Unternehmensführung konzentriert, ist nun auf der Website des Unternehmens zugänglich.

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ATHENS, Greece, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced the release of its 2023 Sustainability Report (the “Report”), highlighting how the Company addresses Environmental, Social and Governance (“ESG”) issues as part of its ongoing effort to increase transparency and accountability. The Report, which covers the full year 2023 and is developed with reference to the Global Reporting Initiative Universal Standards 2021 (“GRI’s”), outlines the Company’s commitments and efforts toward building strong corporate governance and operating sustainably and responsibly.

The Report is available on the Company’s website (https://pshipping.com/sites/default/files/2024-12/ESG2023.pdf).

About the Company

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of tanker vessels. The Company employs its fleet on spot voyages, through pool arrangements and on time charters.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including with respect to the delivery of the vessels we have agreed to acquire, future market conditions and the prospective financing and employment of our vessels. The words “believe," “anticipate," “intends," “estimate," “forecast," “project," “plan," “potential," “will," “may," “should," “expect," “targets," “likely," “would," “could," “seeks," “continue," “possible," “might," “pending” and similar expressions, terms or phrases may identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including, without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs, or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: the strength of world economies, fluctuations in currencies and interest rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker shipping industry, changes in the supply of vessels, changes in worldwide oil production and consumption and storage, changes in our operating expenses, including bunker prices, crew costs, drydocking and insurance costs, our future operating or financial results, availability of financing and refinancing including with respect to vessels we agree to acquire, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, the length and severity of epidemics and pandemics, including COVID-19, and their impact on the demand for seaborne transportation of petroleum and other types of products, changes in governmental rules and regulations or actions taken by regulatory authorities, general domestic and international political conditions or events, including “trade wars”, armed conflicts including the war in Ukraine and the war between Israel and Hamas or Iran, the imposition of new international sanctions, acts by terrorists or acts of piracy on ocean-going vessels, potential disruption of shipping routes due to accidents, labor disputes or political events, vessel breakdowns and instances of off-hires and other important factors. Please see our filings with the US Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.


FAQ

What are the key highlights of Performance Shipping's 2023 Sustainability Report?

Performance Shipping's 2023 Sustainability Report outlines their ESG initiatives, corporate governance practices, and commitment to sustainable operations, following GRI Universal Standards 2021.

When did PSHG release their 2023 Sustainability Report?

Performance Shipping (PSHG) released their 2023 Sustainability Report on December 11, 2024.

What reporting standards does PSHG follow in their 2023 Sustainability Report?

PSHG's 2023 Sustainability Report is developed with reference to the Global Reporting Initiative Universal Standards 2021 (GRI's).

Where can investors access PSHG's 2023 Sustainability Report?

The 2023 Sustainability Report is available on Performance Shipping's website at pshipping.com/sites/default/files/2024-12/ESG2023.pdf.

What period does PSHG's 2023 Sustainability Report cover?

The Sustainability Report covers the full year 2023 operations and initiatives of Performance Shipping.

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