A new ESG-network launched by Danske Rederier (Danish Shipping) addresses the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.
At the inaugural meeting of the network, Danish Shipping members Maersk and Clipper shared insights into their work in the field of Environmental, Social and Corporate Governance (ESG), which is considered essential for companies to demonstrate their commitment to sustainable and responsible business practices and live up to customer expectations.
Robert Murray, ESG Finance Manager, Clipper said: “At Clipper we are eager to share our ESG reporting strategy and to promote a culture of knowledge sharing across the shipping industry, as collaboration and transparency are essential to overcoming sustainability challenges in shipping. We are excited to be part of the ESG network and contributing to collective learning and progress alongside our industry peers.”
EU rules require large companies and listed companies to publish regular reports on the social and environmental risks they face, and on how their activities impact people and the environment. In January 2023, the Corporate Sustainability Reporting Directive (CSRD) entered into force. The directive sets new and demanding standards for the information that companies must report and disclose on their environmental and social impact. Gradually, the CSRD will be expanded to include more companies.
Frederik Rementorp, Senior ESG Manager A.P. Moller–Maersk said: “At Maersk, sustainability is core to our business model, and we are committed to transparently reporting our progress. Demonstrating tangible progress in ESG is necessary to staying relevant to our customers, which are meeting increasing consumer expectations on ESG and are passing these on to their partners, including Maersk. Thus, our investments in ESG are investments in future-proofing the company. We are thrilled to engage with industry members at the Danish Shipping ESG Network and share our insights on navigating the CSRD legislation.”
With impending regulations like the EU Taxonomy and CSRD, shipping companies face uncertainty in reporting requirements. Therefore, the network aims to:
- Facilitate Collaboration: By providing a platform for sharing best practices and ensuring a consistent interpretation of regulations.
- Enhance Learning: Through knowledge exchange and access to resources, fostering industry-wide learning and compliance.
- Drive Business Benefits: Including reduced burdens, enhanced risk management, and positive societal impact.
Through this initiative, Danish Shipping aims to foster collaboration and knowledge sharing in the industry towards a more sustainable future, benefiting all stakeholders involved.
Image: Frederik Rementorp (Maersk), Aske Breining Nielsen (Danish Shipping) and Robert Murray (Clipper) (credit: Danske Rederier)
