ESG monitoring and reporting allows shipping companies to build a sustainable economy of business by identifying critical elements in the value chain, implementing trustworthy energy efficiency and decarbonization solutions. This ensures reductions of risks related to CO2 taxes and rising fuel costs.
At the same time shipping is an important part of the global supply chain for many stakeholders. Cargo owners and charters call for help of sea transportation companies to reach ESG targets, monitor and report on ESG performance of the maritime supply chain. In addition, regulators, banks, insurers and investors have a growing need for objectivity and credibility in managing ESG risks by maritime companies, pushing them to prove that they have control of ESG risk exposure.