Tag: Environmental Social Governance (ESG)

NYK has been recognized for the company’s participation in the Protecting Blue Whales and Blue Skies vessel speed reduction (VSR) incentive program along the West Coast of North America, a collaborative effort sponsored by the National Marine Sanctuary Foundation among others.

The Guide Against Greenwashing was made in Norway by a number of organisations including Skift - Climate Business Leaders, Zero, Future in our hands and WWF Norway. 

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.