SINGAPORE - Media OutReach Newswire - 17 June 2026 - In conjunction with National Low-Carbon Day, Asia Symbol has published its 2025 Sustainability Report, marking the ninth consecutive year that the company has released a comprehensive account of its sustainability performance and progress.
The report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards (2021) and references the IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, IFRS S2 Climate-related Disclosures, the SASB Standards for Pulp & Paper Products, and the United Nations Sustainable Development Goals (SDGs).
To enhance the relevance and transparency of its disclosures, Asia Symbol conducted a comprehensive assessment of sustainability topics based on both impact materiality and financial materiality. The report systematically addresses these material topics through detailed performance data, case studies and practical examples. Independently verified by a third party, the report also highlights the company's continued progress toward green, high-quality development.
Guided by its mission of "Improving Lives by Developing Resources Sustainably", Asia Symbol further strengthened its sustainability management framework in 2025. Taking into account industry developments, operational priorities, future growth plans and regulatory expectations, the company implemented several key initiatives during the year, including:
- Revising and enhancing its 2030 Sustainability Goals;
- Establishing and strengthening a due diligence system for woodchip and pulp procurement;
- Conducting its first Scope 3 greenhouse gas emissions inventory to advance decarbonisation efforts across the value chain; and
- Joining the United Nations Global Compact, reinforcing its commitment to responsible and sustainable business practices.
Looking ahead, Asia Symbol, a member of the RGE group of companies founded by Sukanto Tanoto, remains committed to working closely with stakeholders to advance sustainable development. The company will continue to adopt higher standards, implement practical actions and deepen its sustainability practices to help address shared environmental and social challenges. Through collaboration and innovation, Asia Symbol aims to contribute to balanced progress across the economy, society and the environment.
The Asia Symbol 2025 Sustainability Report is available at:
https://www.asiasymbol.com/en/sustainability/sustainability-report.
Hashtag: #RGE #AsiaSymbol #China #Sustainability #Carbon #GRI #SDGs #Reporting
https://www.asiasymbol.com
The issuer is solely responsible for the content of this announcement.
About Asia Symbol
Asia Symbol is a world leading producer of pulp, paper and paperboard with investment in Shandong, Guangdong and Jiangsu provinces in China. Its main products are BHKP, ivory paperboard, uncoated woodfree printing and office paper, with annual production capacity of 6 million tons.
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Refreshed five-year Encompass roadmap highlights accelerated fleet decarbonisation and proactive talent integration as key competitive advantages
HONG KONG SAR - Media OutReach Newswire – 17 June 2026 - The Caravel Group, a diversified global conglomerate with core businesses in maritime services, commodity trading and investment management, today released its fifth annual Responsibility Report, Encompass. The report details the Group's progress, key achievements and future targets in running a sustainable and resilient business, with a particular focus on its ship management subsidiary, Fleet Management Limited.
The Caravel Group’s 5th Annual ESG Report Outlines Strategic Resilience in Global Shipping
Guided by the four core pillars of the Encompass strategy—Navigating Responsibly, Evolving Environmental Stewardship, Safeguarding People and Working Together—the 2025 report demonstrates how the Group has successfully translated high-level ESG ambitions into measurable, accountable day-to-day operational practices across ship and shore.
Dr. Harry S. Banga, Founder & Executive Chairman of The Caravel Group, said: "Five years ago, we established Encompass as our guiding compass. This fifth annual report is a testament to how we have built a business trusted to perform responsibly, adapt with discipline and remain relevant in a volatile maritime industry. By formally embedding ESG metrics into performance reviews for all onshore employees and establishing strategic initiatives like our LNG bunkering joint venture, we have ensured that responsibility and performance are no longer separate conversations."
Key Sustainable Milestones in 2025:
1. Evolving Environmental Stewardship & Accelerated Decarbonisation
- The Group achieved a 42% reduction in managed ship GHG emission intensity from its 2008 baseline, significantly exceeding its established 2030 target of a 30% reduction.
- Currently, 74% of the managed fleet is equipped with advanced Energy Saving Devices (ESDs), including high-performance hull paint, Propeller Boss Cap Fins (PBCFs) and variable speed motors, keeping the Group firmly on track to equip 100% of its fleet by 2030.
- The Caravel Group entered a strategic joint venture with Celsius Shipping to co-own and operate a new fleet of high-specification LNG bunkering vessels, supporting the maritime sector's wider transition towards cleaner fuels.
2. Navigating Responsibly & Digital Innovation
- The Group continued the active pilot deployment of Captain's Eye, an AI-powered maritime safety solution using onboard CCTV to detect smoke, leaks and safety hazards in real-time.
- Upgrades to PARIS (integrated fleet management platform) and NOVA (data analytics) provided vessel owners with real-time financial, EU ETS and FuelEU Maritime compliance reporting, bolstering transparency and proactive risk management.
3. Safeguarding People & Safety Excellence
- Port State Control (PSC) detentions across the fleet plummeted from 22 in 2023 to just 5 in 2025, driven by the Group's increasingly rigorous safety protocols and strengthened reporting discipline.
- The Group recorded an exceptional 91% wellbeing score in its annual employee survey, surpassing its 78% target set for 2028 ahead of schedule.
4. Working Together, Talent & Community Engagement
- Following its landmark acquisition of the International Maritime Institute (IMI) in India, the Group integrated a highly reliable, Group-aligned talent channel, welcoming over 500 job-ready cadets to Fleet Management in 2025.
- The Caravel Group recorded a 92% employee engagement score and a 93% Diversity, Equity and Inclusion (DEI) score.
- In line with its pledge to commit at least 2% of average net profits over the previous three years to social causes, the Group contributed USD 1,529,993 to community partnerships, education initiatives and disaster relief programmes.
Mr. Angad Banga, Group Chief Executive Officer of The Caravel Group, added: "In today's market, sustainability is no longer a future consideration—it is an active operating condition. Regulatory frameworks like FuelEU Maritime and EU ETS carry real economic consequences, and our clients look to us for the systems, judgment and commercial depth to navigate this landscape. By pairing digital tools with a robust talent pipeline through the IMI, we are building organisational capability before the moment it is needed, creating a lasting competitive advantage."
To explore the detailed performance data, future targets, and the full version of the Encompass: Responsibility Report 2025, please visit The Caravel Group Website: https://www.caravel-group.com/our-impact/responsibility-reports
Hashtag: #FleetManagementLimited
The issuer is solely responsible for the content of this announcement.
About The Caravel Group Limited
The Caravel Group, headquartered in Hong Kong, is a privately held and globally diversified group with operations across maritime services, dry bulk commodity trading, institutional investment management, and philanthropy. Its maritime division includes Fleet Management Limited, one of the world's largest third‑party ship managers, with more than 500 vessels under management, and strategic investments, including a major stake in Pacific Basin (HKEX: 2343). Caravel also owns the International Maritime Institute (IMI) in India, reinforcing its commitment to maritime talent development. Through Caravel Asset Management, the Group invests globally across public markets and private equity, while its philanthropic arm, The Caravel Foundation, supports the education and well-being of underprivileged youth across Hong Kong, China, and India.
Learn more: www.caravel-group.com
About Fleet Management Limited
Fleet Management Limited, part of The Caravel Group, is one of the world's largest third‑party ship managers, with more than 500 vessels under management. This scale bears testament to the resilience and commitment of thousands of seafarers and onshore maritime professionals serving shipowners worldwide.
Fleet manages a range of vessels, including bulk carriers, containers, car carriers, oil tankers, gas carriers and chemical tankers from 600 to 320,000 DWT in size – with many being young and energy-efficient with an age profile below the industry average. The company also has a dynamic newbuilding supervision department.
Learn more: www.fleetship.com
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