Introduction to ESG for Shipping
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ESG Familiarization Workshop for Shipping
In this 12 hour workshop you will appreciate why ESG is becoming so important in the Maritime Industry and its connection to global sustainability goals, and financing requirements. You learn how to adopt ESG practices and prioritize sustainability in all aspects of shipping operations.
Environmental, social, and governance (ESG) is a framework for assessing a company’s sustainability and social impact.
As the shipping sector undergoes a profound transformation, driven by new regulations like the EU's Emission Trading Scheme (ETS), the International Maritime Organization's (IMO) EEXI and CII ratings, and the CSRD-mandated ESG disclosures, the need for a comprehensive and strategic approach to ESG has never been more critical. Clients are increasingly willing to invest in sustainability. Investors and insurers, are integrating ESG risk factors in their decision-making processes.
To help you navigate in this evolving environment and seize ESG value, we introduce the ESG for Shipping training seminar. This seminar aims to familiarize participants with the basics of ESG principles and regulations, how to incorporate ESG initiatives into business decision-making, strategy, and operational effectiveness, and how to craft ESG reports for better communication with investors and stakeholders.
What you will learn
- Explore the environmental challenges facing the maritime industry, including greenhouse gas emissions, regulations, and the path to sustainability.
- Dive into social issues in the maritime sector, focusing on the welfare of seafarers, mental health, diversity, and inclusion.
- Learn about governance principles, anti-corruption measures, and the importance of transparent and accountable leadership.
- Discover how embracing ESG practices can set your maritime operations apart and position you for long-term success.
- Learn how to craft ESG reports and provide relevant ESG metrics
Instructor: Anthony Spanos, Authorized EFQM international Trainer, Sustainability Expert
This seminar is supported by:
EBEN - European Business Ethics Network
This seminar is offered in Greek. See full agenda in our Greek page.
ESG is coming hard knocking on the door of the shipping industry, with its global companies and fleets accounting for almost 3% of global greenhouse gas (GHG) emissions annually, and with the International Maritime Organization (IMO) focusing more than ever on environmental topics. ESG, is a key factor in the Poseidon Principles and the evolving landscape in greener ship financing, and will play a huge role in the day-to-day decision-making of ship owners and executives.
The ‘E’ in ESG
The environmental aspect of ESG refers to a company's impact on the planet, encompassing its use of natural resources, greenhouse gas emissions, and overall environmental practices. In the maritime sector, responsible for approximately 3% of global greenhouse gas emissions, the International Maritime Organization (IMO) aims to reduce carbon intensity by 40% by 2030 and 70% by 2050 compared to 2008 levels, with a goal of cutting annual emissions by 50%. New and evolving regulations require better Energy Efficiency and carbon intensity. All new regulations ESG oriented landscape will increase compliance costs, making environmental performance a key strategic differentiator for marine stakeholders.
The ‘S’ in ESG
The social aspect of ESG focuses on a company's impact on society, encompassing employees, customers, suppliers, and local communities. Measuring and analyzing social impact can be challenging, and it often appears to be not as important as climate change concerns, especially when assessed differently across countries. Companies need to reevaluate how they treat their most valuable asset: their people. In the maritime industry, social issues are prominent, particularly in terms of seafarer welfare. Shipping companies are expected to adhere to various standards to ensure the well-being of their employees.
The ‘G’ in ESG
The governance aspect of ESG refers mostly to a company's operational and organizational systems and processes, ensuring transparency, and accountability. Investors and stakeholders are now seeking greater transparency and accountability, leading to the development of standards like the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB). In the heavily regulated shipping industry, strict governance rules are essential. Challenges related to governance, and antibribery and anticorruption laws highlight the need for due diligence.
- Compliance Officers
- Strategists
- CFOs
- Operational staff
- Sustainability Officers
- Environmental specialists
- ESG executives
- Board Members
- Investors
- Lawyers
- Consultants
- Maritime Studies Graduates
Anthony Spanos
Authorized EFQM international Trainer, Sustainability Expert
Mr. Spanos is a highly experienced expert in supporting more than 200 organizations in Europe, North Africa and Greece, in the implementation and operation of management systems, such as human resourc ...
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