Tag: Environmental Social Governance (ESG)

StenaRoRo is making big strides in raising its social performance in ESG through a decade-long partnership with hospital charity Mercy Ships as the human factor becomes an increasing priority for sustainable business in shipping.

Singapore-based shipbuilder Strategic Marine recently signed a deal with Metizoft Asia for their ESG application for sustainability reporting framework.

In today's disruptive, demanding, and dynamic environment, the maritime industry is realigning its ambitious goals with the ESG criteria to optimize long-term value for all stakeholders, strengthening its environmental and social effect as well as its corporate governance.

Environmental, social, and governance (ESG) considerations are increasingly playing a significant role in the investment decisions of marine stakeholders while more and more maritime companies are putting their own ESG reporting strategies into practice.

Developing an ESG strategy can feel overwhelming and challenging but with the right tools and practices, organizations can create a plan that supports risk management and promotes positive impact.

Shipping faces a wide variety of ESG risks through the entire value chain. Mr Bjørn Kjærand Haugland, co-founder and Chief Executive Officer of Skift Business Climate Leaders enumerates the 13 key areas from a global perspective that should be on top of the ESG agenda for the shipping industry.

During the 2023 GREEN4SEA Athens Forum, Dr-Ing Orestis Schinas, Scientific Advisor, HHX.blue, briefly outlined the provisos and impacts on shipping of sustainable finance, Poseidon Principles and EU Taxonomy, which are currently major developments in Europe’s financial markets.

Seanergy Maritime announced two sale and leaseback agreements of the existing indebtedness over two vessels. Moreover, the M/V Championship has been refinanced through a new sustainability-linked loan provided by a major European lender.

International Maritime Organization (IMO) released a video for the International Day for Women in Maritime (May 18) under the theme Mobilizing networks for gender equality.

There is undoubtedly a significant moral case behind sustainability and ESG, but a better understanding of it can demonstrate how the business case is equally strong, argues Gina Panayiotou, ESG Manager, West of England P&I.