Subscribe to our Mailing Lists (It's free!)
Friday, May 30, 2025
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    schedule

    A testing & inspection schedule for fire protection equipment onboard

    lessons learned

    Lessons learned: Ensure worksite is left safe for other users

    fire protection equipment

    Onboard inspections: 13 fire protection equipment items to check annually

    Yet another commercial vessel gets attacked in the Red Sea

    Russian seafarers evacuated from oil tanker in Yemen

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    culture of respect

    Addressing crew shortage: Establish clear expectations for respectful and professional behaviour

    Book Review: Building leaders the MMMA way

    Book Review: How to avoid a climate disaster

    mental health

    MOL takes step to enhance the mental health of its crew

    Book Review: Building leaders the MMMA way

    Book Review: The Art Of War

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    biofuels

    Rystad Energy: Biofuel supply is not keeping up with demand

    green shipping recycling

    Asian Shipowners show commitment to HKC compliance

    South Korea electric vessel standards

    South Korea updates electric vessel standards

    Rotor Sails

    Norsepower to equip six newbuild tankers with Rotor Sails

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    AI critical thinking

    Shaping the future: Critical thinking in the age of machines

    MASS

    LR: MASS safety hinges on clearly defined operational boundaries

    ammonia

    Companies shake hands to digitalize ammonia bunkering

    digitalization

    New dataset aligned with IMO Compendium post-FAL 49

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    NCL Salten

    Inspection onboard NCL Salten reveals deficiencies

    India monsoon

    India: Mooring and anchoring during the Monsoon season

    hull

    Libya mandates underwater hull inspections

    Indian Ocean MoU Annual report

    Indian Ocean MoU PSC Annual Report 2024

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    schedule

    A testing & inspection schedule for fire protection equipment onboard

    fire protection equipment

    Onboard inspections: 13 fire protection equipment items to check annually

    tariffs Trump

    U.S. appeals court restores President Trump’s tariffs

    black sea

    EU develops strategy to boost Black Sea security and stability

  • Columns
    green shipping

    Decarbonization and emission compliance through efficiency measures

    hurricane

    Marine insurance for ports and shipping amid the looming hurrican threat

    Implementing the Hong Kong Convention: Key considerations

    Implementing the Hong Kong Convention: Key considerations

    Trending Tags

    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    schedule

    A testing & inspection schedule for fire protection equipment onboard

    lessons learned

    Lessons learned: Ensure worksite is left safe for other users

    fire protection equipment

    Onboard inspections: 13 fire protection equipment items to check annually

    Yet another commercial vessel gets attacked in the Red Sea

    Russian seafarers evacuated from oil tanker in Yemen

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    culture of respect

    Addressing crew shortage: Establish clear expectations for respectful and professional behaviour

    Book Review: Building leaders the MMMA way

    Book Review: How to avoid a climate disaster

    mental health

    MOL takes step to enhance the mental health of its crew

    Book Review: Building leaders the MMMA way

    Book Review: The Art Of War

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    biofuels

    Rystad Energy: Biofuel supply is not keeping up with demand

    green shipping recycling

    Asian Shipowners show commitment to HKC compliance

    South Korea electric vessel standards

    South Korea updates electric vessel standards

    Rotor Sails

    Norsepower to equip six newbuild tankers with Rotor Sails

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    AI critical thinking

    Shaping the future: Critical thinking in the age of machines

    MASS

    LR: MASS safety hinges on clearly defined operational boundaries

    ammonia

    Companies shake hands to digitalize ammonia bunkering

    digitalization

    New dataset aligned with IMO Compendium post-FAL 49

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    NCL Salten

    Inspection onboard NCL Salten reveals deficiencies

    India monsoon

    India: Mooring and anchoring during the Monsoon season

    hull

    Libya mandates underwater hull inspections

    Indian Ocean MoU Annual report

    Indian Ocean MoU PSC Annual Report 2024

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
    schedule

    A testing & inspection schedule for fire protection equipment onboard

    fire protection equipment

    Onboard inspections: 13 fire protection equipment items to check annually

    tariffs Trump

    U.S. appeals court restores President Trump’s tariffs

    black sea

    EU develops strategy to boost Black Sea security and stability

  • Columns
    green shipping

    Decarbonization and emission compliance through efficiency measures

    hurricane

    Marine insurance for ports and shipping amid the looming hurrican threat

    Implementing the Hong Kong Convention: Key considerations

    Implementing the Hong Kong Convention: Key considerations

    Trending Tags

    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

How business leaders shape the future of sustainable development

by The Editorial Team
February 28, 2023
in Maritime Knowledge, Sustainability
human sustainability

Credit: Shutterstock

FacebookTwitterEmailLinkedin

The geopolitical uncertainty brought by the Ukrainian war, the continuous disruption post-COVID, and the escalation of climate change effects have pushed business leaders to put a greater focus on their sustainability agendas, according to the 12th UN Global Compact-Accenture CEO Study.

The study, released in early 2023, draws on insights from more than 2,600 CEOs across 128 countries and 18 industries, including the largest-ever sampling of executives from the Global South.

Notably, the report highlighted progress in the level of sustainability commitment of business leadership compared to 2021, because of the increased uncertainty. Business leaders now re-evaluate their investment criteria, cooperate with communities and develop innovative business models enabled by technology to drive change.

RelatedNews

Shaping the future: Critical thinking in the age of machines

LR: MASS safety hinges on clearly defined operational boundaries

The current landscape on sustainability

Although a global awareness of the climate challenge has pushed significant progress, data show that the world seems to be off track to achieving the Sustainable Development Goals (SDGs), which were planned to be achieved by 2030.

For example, the landmark Paris Agreement sought to limit global temperature rise to 1.5° Celsius by the end of the century, but the latest UNFCCC data estimate that current climate pledges would put the world on track to reach 2.5° Celsius by 2100.

In addition, the latest Sustainable Development Goals Report 2022 showed that the climate crisis, the COVID-19 pandemic, and the geopolitical conflicts have placed the 17 SDGs in jeopardy.

Affected by global trends, the shipping industry is facing increasing pressure to improve its sustainability performance, which is characterized by a growing focus on emissions reduction, alternative fuels, environmental regulations, digitalization, and diversity challenges.

Business sustainability: Key challenges

The UNGC-Accenture study highlighted that CEOs are not only challenged by the multitude of problems they are facing, but also by the breadth of issues falling outside the traditional business sphere. According to the report, 93% of CEOs are experiencing 10 or more simultaneous challenges to their business. The top five include:

  1. Inflation and price volatility
  2. Talent scarcity
  3. Threats to public health
  4. Climate change
  5. Trade regulation

Moreover, 87% of the respondent CEOS feel that current levels of geopolitical instability limit the world’s ability to achieve the SDGs.

Today’s leaders face a complex, interlinked world of risks. From rising inflation, economic uncertainty, and geopolitical tensions to the pandemic, the climate crisis, and cyberattacks, they are looking for solutions to help navigate an unprecedented period of uncertainty and build resilience,

…Rob Fauber, President and CEO of Moody’s was quoted as saying in the report.

What is the role of business leaders in world’s sustainability?

According to the report, half of the CEOs believe they could play a critical role to achieve the SDGs with increased commitment and action.

  • 63% are launching new products and services for sustainability
  • 55% are enhancing sustainability data collection across their value chains
  • 49% are investing in renewable energy sources

To build true resilience, CEOs must embed sustainability across their business – from their strategy to the workforce, supply chains, and greater ecosystems. The basic ingredients for resilience as identified by the UNGC and Accenture report are:

How business leaders shape the future of sustainable development

Recommendations and way forward for business leaders

  • Adopt sustainability models: Circular economy, low carbon transportation and sustainable supply chains, digitalization and energy efficiency are successful examples that can be integrated into a shipping company’s business model in order to reduce their environmental impact.
  • Conduct a sustainability risk assessment: Identify the sustainability risks that are most relevant to your company, including environmental, social, and governance risks. Evaluate the potential impacts of these risks on your business and create a plan to mitigate them. A responsible and purpose-driven maritime needs to keep up with sustainability and ESG trends, while casting the light on the opportunities and benefits of the ESG challenge, panelists in the latest SAFETY4SEA Forum agreed.
  • Embed sustainability into organizational culture: This includes educating employees on sustainability issues, engaging stakeholders, and promoting sustainable practices throughout the organization.
  • Collaborate with stakeholders: Sustainability challenges are complex and require collaboration across multiple stakeholders, including suppliers, customers, investors, and regulators. CEOs should engage with these stakeholders to understand their perspectives and identify opportunities for collaboration. The UNCG and Accenture report highlighted that CEOs are seeing governments, investors, and banks as increasingly driving the importance of sustainability.
  • Report on sustainability performance: This should evaluate progress towards sustainability goals, identified risks, and stakeholder engagement efforts. This demonstrates transparency and accountability, which can build trust and credibility with stakeholders. The report unveiled CEOs as increasingly stepping up as sustainability advocates in their companies, with 98% agreeing that it is the role of the CEO to make the business more sustainable.
  • Upskill and reskill workforce: As companies transition towards more sustainable practices, there may be a need for new skills and competencies that are not currently present in the workforce. A 74% of the CEOs interviewed in the report are upskilling/reskilling their workforce for the future labor market. Analytical thinking, creativity, and flexibility are expected to be among the top skills needed in the post-pandemic era up to 2025, according to WEF.
  • Investing in employees’ mental and physical health: the report also showed that 58% of the CEOs are offering physical and/or mental wellness resources for their workforce. Health and safety are critical components of sustainability. Healthy and happy employees are more productive and engaged at work, which leads to higher productivity and efficiency for a shipping organization, which can, in turn, build trust with stakeholders. Meanwhile, higher retention rates of people help reduce the costs and disruptions associated with turnover. These factors are critical in building sustainability resilience.

 

EXPLORE MORE BY READING THE REPORT HERE

How business leaders shape the future of sustainable developmentHow business leaders shape the future of sustainable development
How business leaders shape the future of sustainable developmentHow business leaders shape the future of sustainable development
Tags: better working environmentEnvironmental Social Governance (ESG)future of shippingleadershipreportsResiliencesoft skillssustainabilitytrendsUN sustainable development goals
Previous Post

ReCAAP ISC: Two incidents of armed robbery against ships in Asia

Next Post

Competence greenwashing and ESG in shipping: What to watch

Related News

wellness crew
Opinions

A thriving crew means a thriving industry

May 29, 2025
seafarers
Opinions

Addressing challenges for a safer and more efficient maritime future

May 29, 2025
merchant fleet NATO
Security

New report reveals merchant fleets shrink across NATO nations

May 29, 2025
Vessel grounds in harbour
Security

Allianz: Key risks and considerations surrounding the shadow fleet

May 28, 2025
Philippines crew management
Opinions

Our people are our greatest asset

May 28, 2025
DSG: Now is a defining moment for DEI in shipping
Opinions

DSG: Now is a defining moment for DEI in shipping

May 28, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Explore more

No Result
View All Result
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2025 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA

Manage your privacy
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show (non-) personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Manage options
{title} {title} {title}
No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Book Review
    • Career Paths
    • Human Performance
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Opinions
    • Regulatory Update
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Tip of the day
    • Training & Development
    • Wellness Corner
    • Wellness Tips
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2025 SAFETY4SEA