SAFETY4SEA is pleased to announce the SAFETY4SEA ESG Climate Survey, with the aim to examine factors around industry’s perception about the ESG challenges and provide a picture of how shipping responds to the new ESG trends and challenging requirements, by shaping their agenda.
ESG stands for Environment, Social and Governance and in the shipping world, it may be translated into sustainability practices within the business model. ESG strategy and tactics should identify the fine balance towards maximizing overall stakeholder satisfaction, the fine balance between internal and external stakeholders needs, financial performance, social interests and the environment. The fine balance that will ensure sustainable shipping for both the organization and the industry.
Lately, the ESG have surfaced the agenda of several stakeholders in the maritime community with many players announcing ESG initiatives and reshaping their strategy via ESG lens. In this context, we are pleased to launch the ‘ESG Climate Survey’ which will run within Q1/Q2 of 2022 with the aim to examine ESG factors and trends concerning the maritime industry. The ESG journey requires commitment beyond compliance. Developing a successful ESG strategy, that will provide for impactful ESG performance and reporting is the next crucial step for all maritime stakeholders.
ESG stands for Environmental, Social and Governance factors assessing the progress of companies on their CSR. The ESG was established as late as 2005, when the UN Environment Programme Finance Initiative and the UN Global Compact launched the Principles for Responsible Investment Initiative (PRI), which has turned into the world’s leading proponent of responsible investment for enabling the companies to understand the investment implications of ESG factors. ESG reports seek to unveil performance on three areas that are important for the company’s operation:
–Environment: Green sustainability is a more and more relevant topic for every business as the world is struggling to get in line with Paris Agreement.
–Society: This pillar covers business ethics and a wide range of potential societal obligations, such as human rights, diversity, labor standards, animal welfare, and more routine issues, such as adherence to workplace health and safety with accident and safety management.
–Governance: This has to do with a set of rules or principles defining rights, responsibilities and expectations between different stakeholders in the governance of the companies.
It becomes evident that, in such a complex industry, there are several ESG elements that can be considered, not only in the stressing environmental concerns, but also in fields of seafarers’ rights, cargo safety, and many more.
”The concept of ESG expects we are doing as an industry with the acknowledgement that shipping industry is part of global businesses, not an isolated sector. Everything are interconnected now, there are expectations within the society that we are as an industry will support the ESG requirements and keep trading goods accordingly” highlighted Mrs. Jillian Carson-Jackson, President, The Nautical Institute, during the last CAREER4SEA Forum
In accordance with the industry’s challenging nature, an ESG analysis of shipping organizations could unveil numerous risks, varying from environmental footprint to employee health and safety. ”Now we deliver goods in a certain way and in favour of everyone’s good. Therefore, becoming ESG compliant is a key priority” stressed in turn Mrs. Elpi Petraki, President, WISTA Hellas, during the forum.
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