Asyad Shipping and Lloyd’s Register (LR) have partnered to deliver the shipping company’s first ESG (Environmental, Social and Governance) report, in line with the established Global Reporting frameworks.
According to LR. Asyad Shipping is one of the first maritime organisations in the Middle East to publish an ESG report. The publication focuses on the impact Asyad Shipping has made – in its approach to become a green shipping company – to make ESG the cornerstone of their wider business strategy operations.
Asyad Shipping’s ESG impact includes a variety of programmes focused on decarbonisation, ocean/land health restoration, as well as integrating business operations to promote integrity among the workforces.
ESG reporting can benefit businesses by enhancing their reputation, providing access to capital, mitigating risks, improving market competitiveness, strengthening stakeholder relations, ensuring regulatory compliance, enhancing social presence and driving innovation and efficiency. These benefits can help align organisations with sustainability goals in an increasingly ESG-conscious environment.
… said Khalil, Al Balushi, VP- Marine, Asyad Shipping
ESG reporting has become a growing necessity in the shipping sector as environmental concerns, regulatory pressures, and stakeholder demands prompt companies to disclose their performance in areas such as emissions reduction, social responsibility, and corporate governance.
With the growing requirement for organisations to have comprehensive ESG strategies, LR has showcased how it can support its clients as a trusted adviser throughout their sustainability journey, as evidenced through our work with Asyad Shipping.
… said Ambrish Bansal, Senior VP – Business Advisory and consulting, Lloyd’s Register
To remind, The European Community Shipowners’ Associations (ECSA) recently presented policy priorities for the next five years, focusing on four pillars which are based on ESG (Environmental, Social and Governance) principles.
