Specifically, Martin Baxter, Chair of ISO/TC 207’s subcommittee SC 1, environmental management systems, stated that today’s industry is focused on valuing natural capital and undertake monetary assessment of an organization’s environmental aspects and impacts.

Therefore, the newly-launched ISO 14007 enables the creation of transparent and accurate data, which in turn may remove a hurdle for sustainable development – to understand the value of sustainability.

Moreover, the ISO 14007 provides Guidance to help organizations to disclose and exchange relevant information.

In September, the ISO issued the 'ISO/PAS 23263:2019 Petroleum products — Fuels (class F) — Considerations for fuel suppliers and users regarding marine fuel quality in view of the implementation of maximum 0,50 % sulphur in 2020', which addresses quality considerations that apply to marine fuels, in light of the upcoming 2020 sulphur cap.