Transworld Shipping Lines files FY26 BRSR with carbon neutral goal
Transworld Shipping Lines Limited submitted its Business Responsibility and Sustainability Report for FY25-26, detailing a commitment to carbon neutrality by 2043. The report reveals a substantial decrease in Scope 1 emissions and waste generation compared to FY24-25. Socially, the company maintains 100% insurance coverage for shore employees and increased well-being spending to 16.15% of revenue.

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Transworld Shipping Lines Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the Bombay Stock Exchange and the National Stock Exchange on July 24, 2026. The filing, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, underscores the company’s strategic commitment to achieving carbon neutrality by 2043. This long-term target aligns with the International Maritime Organization’s strategy for net-zero greenhouse gas emissions from international shipping by 2050. The report provides stakeholders with a comprehensive overview of the company’s environmental, social, and governance (ESG) performance, highlighting significant reductions in waste generation and emissions intensity while maintaining robust employee welfare standards.
The submission forms part of the company’s Annual Report for FY25-26 and is accessible on its corporate website. Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics Limited, confirmed that its policies cover all nine principles of the National Guidelines on Responsible Business Conduct (NGRBCs) and have been approved by the Board. The company does not currently maintain a dedicated sustainability committee; instead, relevant matters are addressed by the Board of Directors and senior management, including Executive Chairman S. Ramakrishnan, Managing Director Capt. Milind Patankar, and Chief Executive Officer Capt. Ashish Chauhan. The report was signed by Namrata Malushte, Company Secretary and Compliance Officer.
Environmental Targets and Performance
Transworld Shipping Lines identified greenhouse gas emissions and energy transition as critical material issues. While evolving environmental regulations pose risks, the company views energy transition as an opportunity to mitigate rising fuel costs through renewable sources. Key environmental disclosures for FY25-26 show a notable decrease in Scope 1 emissions compared to the previous year.
| Metric | FY25-26 | FY24-25 |
|---|---|---|
| Total Scope 1 Emissions (Metric tonnes CO2e) | 217,583.94 | 2,23,139.38 |
| Total Scope 2 Emissions (Metric tonnes CO2e) | 22.35 | 35.22 |
| Total Energy Consumed (GJ) | 2,792,806.01 | 2,870,651.91 |
| Energy Intensity per Rupee of Turnover | 0.0007809 | 0.0006323 |
| Total Waste Generated (Metric Tonnes) | 3,046.60 | 7,094.61 |
The company reported that 86% of its vessels are equipped with ballast water treatment systems, addressing ecological risks associated with marine operations. Waste generation decreased significantly from 7,094.61 metric tonnes in FY24-25 to 3,046.60 metric tonnes in FY25-26, driven largely by reductions in sludge and bilge oil waste. No water withdrawal or discharge data was disclosed as it was deemed not a material issue for monitoring.
Social Metrics and Employee Welfare
The report detailed the company’s workforce composition and welfare measures. As of the end of FY25-26, the company employed 33 permanent shore-based employees, comprising 23 males and 10 females. Additionally, there were 861 off-shore male employees. The company reported zero fatalities among employees but recorded one fatality among workers in both FY25-26 and FY24-25. Employee benefits coverage was comprehensive for shore staff, with 100% receiving health and accident insurance. Female employees had full access to maternity benefits, while male employees received paternity benefits. The cost incurred on well-being measures rose to 16.15% of total revenue in FY25-26, up from 10.01% in the previous year.
| Benefit Category | Shore Staff Coverage (FY25-26) |
|---|---|
| Health Insurance | 100% |
| Accident Insurance | 100% |
| Maternity Benefits (Female Employees) | 100% |
| Paternity Benefits (Male Employees) | 100% |
| Provident Fund | 100% |
The company contributed ₹204.80 lakhs towards Corporate Social Responsibility (CSR) activities during the financial year. No complaints related to sexual harassment, discrimination, child labor, or forced labor were reported during FY25-26.
Governance and Assurance
Transworld Shipping Lines confirmed that its specific policies undergo independent audits by external agencies, including DNV. Statutory auditors, regulators, and port authorities also examine relevant processes and compliances. The previous year’s sustainability report (FY24-25) was assured by Ernst & Young Associates LLP, while the current year’s report is undergoing the assurance process. The company reported four shareholder complaints filed during FY25-26, all of which were resolved by the end of the year, leaving zero pending complaints. There were no complaints from customers, employees, or communities.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE757B01015/3e00ccb80ea544c1.pdf
Historical Stock Returns for Transworld Shipping Lines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.30% | -4.01% | +1.46% | -4.21% | -35.40% | -33.08% |
How will Transworld Shipping Lines finance the capital expenditures required to achieve its 2043 carbon neutrality target ahead of the IMO's 2050 deadline?
What specific renewable fuel technologies or alternative energy sources is the company prioritizing to further reduce Scope 1 emissions beyond the current year's improvements?
Given the absence of a dedicated sustainability committee, how does the Board plan to ensure rigorous oversight and accountability for long-term ESG goals as regulatory scrutiny intensifies?


































