Tag: ESG

Materiality Matrix enables an organization to define which ESG (Environmental Social Governance) initiatives are worth to invest in.

Addressing ESG factors can help organizations manage their environmental and social imprint and determine their business risks and opportunities. In addition, the United Nations' Sustainable Development Goals (SDGs) are increasingly being recognized as a beneficial framework for responsible investment as the business world shifts its focus more intensively on ESG.

Mr Lars Lange, IUMI Secretary-General, refers to the important work that IUMI’s ESG Working Group has undertaken for raising awareness for the increasing importance of marine insurance specific ESG issues.

In an exclusive interview to SAFETY4SEA, Mr. John Sypnowich, Chair of the Maritime Anti-Corruption Network (MACN) discusses ESG in the context of the shipping industry’s fight against corruption in the maritime supply chain.

Although the Environmental related issues seem to be well cared by shipping organizations to successfully achieve the green transition; Society and Governance need to be appropriately integrated into the industry’s policies. However, the industry is not giving much priority to the Governance parameter, giving ground mainly to the “E” and “S” of ESG, the SAFETY4SEA ESG Climate Survey revealed.

A new generation leadership with more gender equality and competence on the field of ESG will make the difference, argues Mr Bjørn Kjærand Haugland, co-founder and Chief Executive Officer of Skift Business Climate Leaders.

ESG is expected to become a key priority in the corporate sphere and in maritime industry as well, putting a pressure on corporate boards to boost their ESG skills.

Οur special column asks industry stakeholders to provide feedback whether the maritime industry has realized the importance of ESG and suggest ways to move forward.

In an exclusive interview to SAFETY4SEA, Jan Dieleman, President, Cargill Ocean Transportation, Chair of the Sea Cargo Charter Association, and Chair of the Global Maritime Forum, highlights that the climate crisis is the biggest challenge, but only if addressing equally the Social and Governance elements, maritime industry can find a solution towards. For this purpose, industry must take leadership and join forces in creating a sustainable future.

According to the book, an estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion.