Tag: Environmental Social Governance (ESG)

The International Association of Classification Societies (IACS) Council met in Beijing last week (C91) to assess and advance the Association’s progress on the safe decarbonisation and digital transitions, on the further development of Common Structural Rules (CSR) and on the joint initiatives currently underway.

Höegh Autoliners and Nordic Circles have launched a project to transform how decommissioned ships are handled.

A new study by University of Cambridge students and DNV finds companies are leveraging ESG policies to strengthen business performance, despite regulatory uncertainty. 

PCL and SMF signed an agreement on 26 May to renew both organizations’ commitment in building a maritime talent development pool.

The path to ESG maturity involves more than regulatory compliance; it calls for sustained commitment and cultural transformation. In recent years, numerous maritime companies have introduced ESG initiatives and begun embedding these principles into their operations.

The Global Maritime Forum has published its first-ever Impact Report, detailing the organisation’s contributions to shaping a greener, fairer, and more resilient maritime industry in 2024. 

Shipowners and operators are under pressure to validate their suppliers’ performance and can lower costs and save time in the process, writes Paul Stanley, CEO, Achilles.  

As the maritime industry navigates an era defined by sustainability, digital transformation, and evolving workforce values, Environmental, Social, and Governance (ESG) performance has become a powerful driver—not only for business credibility but also for attracting top-tier talent.

As the maritime industry charts its course through the unrelenting tides of climate change, regulatory transformation, and stakeholder expectations, ESG reporting has emerged as a critical compass.

Lars Lange, Secretary General of the International Union of Marine Insurance (IUMI), emphasises that while the environmental aspect of ESG has received most of the attention, there are other pressing issues that also deserve focus. To address this, IUMI maintains an "ESG Watchlist" to ensure that critical topics are not overlooked.