Wilhemsen Ship Management (WSM) suggests that the biggest challenge to remain compliant with the EU MRV regulation is ensuring data integrity throughout the data collection period.
The EU MRV (monitoring, reporting and verification) regulation, that entered into force on 1 July 2015 as part of the European Commission’s effort to reduce emissions from international shipping within the EU, is a requirement for ship owners and operators to annually monitor, report and verify CO2 emissions.
During submission of the emissions report, accredited verifiers will verify two main components:
- Annual ship-specific emission report matches the monitoring plan
- Accuracy of figures and calculation in annual reporting
To achieve the above, the company identifies two key contributors:
- IT Systems
Having the right IT systems in place, plays a crucial role to perform the functions required for EU MRV compliance. Starting early is also crucial, as it allows to have sufficient time for data validation phase.
“We have implemented validation rules and are continuously fine-tuning to achieve the ideal system.”
- People
Procedures, trainings and data integrity awareness have been established to ensure the organization (on shore and at sea) are moving together in one direction.
“Having an early start allows us to make gradual transitions to the existing noon report processes and communicating it to the stakeholders.”
