Tag: ESG

A buzz has surrounded sustainable finance in the shipping industry over the last few years and rightly so. The introduction of the Poseidon Principles in 2019 brought into strong focus the need for financiers to find ways to encourage greener shipping, argues Susan Riitala, Transportation Industry Group partner at global law firm Reed Smith.  

Vessel selection has always been an extremely time-consuming and complex task for charterers. Access to real-time data and accurate fuel performance modelling to help them choose the most effective ship for their needs has historically been challenging at best, and highly limited at worst, argues Pelle Sommansson, Chief Product & AI Officer, ZeroNorth.

Mrs Patrizia Kern, Chair of IUMI’s Data & Digitalisation Forum and Chair, Poseidon Principles for Marine Insurance, Head Marine, Director at Swiss Re Corporate Solutions highlights the need for all industry stakeholders to play their part in contribution to the net zero transition.

Mrs Pia Meling, Managing Director of Grieg Green, shares her perspectives on how to push sustainable ship recycling higher on industry’s agenda, highlighting that as well as we have opened our eyes towards seafarer wellbeing and rights, now it’s time to tackle with working conditions at ship recycling facilities.

Mr. Quintin V. Kneen, President and Chief Executive Director, Tidewater Inc. shares top priorities in their agenda and actions to change industry’s image from one that is dated, to one that is dynamic and exciting so that more people would be interested to pursue lifelong careers.

While the world is becoming increasingly aware of the importance of gender equality for a sustainable future, latest data by the World Economic Forum show little progress, estimating it will take another 132 years to close the global gender gap. What is the role of business in helping shape a more inclusive and gender-balanced future?

BIMCO announced a collaboration with Ocean Bottle, in order to support its campaign to remove single-use plastic bottles from ships.

Standard Club has laid out its vision to support its members’ sustainability goals with the launch of its first sustainability impact paper. The report "Planet | People | Performance," describes the Club's efforts to reduce the direct and indirect impact it has across areas of its operations and services.

During session 4 of the 2022 SAFETY4SEA Forum, the panelists focused on the key steps to be taken towards an ESG strategy in shipping, along with ESG metrics monitoring and reporting. Speakers agreed that the industry’s initiatives and portfolios for a sustainable future should meet all the necessary requirements and go beyond minimum standards.

IMO and WISTA International are passionate about ensuring that sector conferences and events have a diversity of thought and inclusive panels are the top way to achieve this. The two organizations have created the new Maritime Speakers Bureau platform, intending to end the tradition of all-male speaking panels.