ESG Reports in Shipping – A How To Guide
Shipowners and operators are conducting business in an environment ever more heavily geared towards appreciation of ESG factors. While companies must decide on the particular policies that they might like to include in their ESG strategies, the below provides an overview of the main tenets which might be important to consider when developing an ESG Strategy.
- Companies should first undertake an audit of current ESG activity to identify a baseline from which to build
- Conducting a materiality assessment allows companies to identify and justify which ESG factors are relevant for their work
- Setting ESG targets enables companies to establish a level of ambition
- Companies might then choose to set initial projects in motion to begin working towards these targets
- Finally, an ESG strategy should contain a roadmap which outlines the trajectory towards achieving a company’s ESG goals.
Examples of ESG factors which might be considered by a shipping company when compiling an ESG report could be:
