Mapping ESG Compliance – How Shipping Adheres to ESG Factors via Regulation

Mapping Industry ESG Compliance

When a shipping company looks to compile and sort data for reporting on its ESG activities, mapping compliance with mandatory instruments offers a helpful starting point to demonstrate a company’s ESG focus. It is important, when compiling data, that a company can show how it puts such mandatory instruments into practice and how this relates to specific reporting requirements in whichever framework the business needs, or has chosen, to report against.

Below are just some examples of the mandatory instruments applicable to shipping companies and businesses involved in maritime transport activities which might be referenced in an ESG report.

For a full list of mandatory instruments related to ESG, visit our dedicated page here

Internationally Enforced ESG Factors applicable to shipping (i.e. global governance conventions and instruments)

ICS Best Practice Publications and ESG related initiatives

For many ESG reporting frameworks, action over and above regulatory compliance is seen as integral to demonstrating adherence to ESG factors. Use of and adherence to industry produced best practice can provide an important tool to demonstrate the way in which companies are going above and beyond their mandatory instruments and putting ESG factors into operational practice.

Some of the ICS publications which provide best practice in a number of Environmental, Social and Governance areas are detailed below: