Aug 10, 2018   SOURCE: PR NewsWire

CSL Releases 2017 Corporate Sustainability Report

MONTREAL, Aug. 10, 2018 /PRNewswire/ - The CSL Group ("CSL") today released its 2017 Corporate Sustainability Report, detailing the company's progress over the past year on a wide range of sustainability goals.

The report features CSL's sustainability performance for the 2017-18 fiscal year and covers results and ongoing initiatives in the areas of governance, safety, environmental responsibility, ethics, the workplace, community engagement, and value for customers.

"Now in its fifth year of publication, CSL's sustainability report is an important way for us to inform our customers and partners on how we measure up to the targets we set, what we have accomplished so far, and what we hope to achieve this year and beyond," said Louis Martel, President and CEO, The CSL Group.

"Responsible business practices are the cornerstone of our values and operations, and they are what helps us build strong, transparent and trustworthy relationships with all of our stakeholders. Our approach to sustainability is embedded in everything we do and focused on ensuring the long-term success of our customers, our business and our industry."

Notable highlights of the 2017 report include:

    --  The scope of CSL's homegrown SafePartners program and philosophy was
        expanded to apply not only to safety of people, but to environmental
        responsibility and asset management as well.
    --  Although CSL experienced a slight increase in its overall lost time
        injury and frequency rates, the severity of injuries dropped by 48
        percent.
    --  A continued focus on vessel efficiency and performance contributed to a
        5.6 percent reduction in gCO2eq/tonne-nautical mile for loaded voyages
        compared to 2016.
    --  The ERMA First Fit ballast water treatment system was installed on a CSL
        Australia vessel.
    --  General waste recycling on CSL's fleet increased by eight percent and
        incinerated waste was reduced by five percent.
    --  CSL was awarded an International Corporate Art Award for its
        collaboration with urban artists on the Sea Keeper fresco and was named
        the 2017 Ship Operator of the Year by Lloyd's List Americas.
    --  Approximately 1% of CSL's net profit in 2017 was donated to charitable
        causes and disaster relief.

The 2017 report was prepared using the Global Reporting Initiative's G4 Sustainability Guidelines as a reference. The areas in which the report aligns with the United Nations Sustainable Development Goals were also noted.

To read or download the 2017 CSL Corporate Sustainability Report, visit the CSL website at www.cslships.com.

Printed copies of the report are available upon request at cslinfo@cslships.com.

The CSL Group is the largest owner and operator of self-unloading ships in the world. Headquartered in Montreal with regional operations in the Americas, Australia, Europe and Asia, CSL delivers millions of tonnes of cargo annually for customers in the construction, steel, energy and agri-food sectors.

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SOURCE The CSL Group Inc.