Until now, disclosure of ESG performance takes place on a voluntary basis for shipping companies. However, recent initiatives and regulations are expected to establish a direct link of financing terms with ESG performance in the maritime industry and many key drivers are expected to accelerate this change in the shipping industry:
The Poseidon Principles
Sustainable Shipping finance products and lending terms
The EU sustainable finance regulation
Corporate Financial Performance & Value Creation
Simultaneously, nine drivers of corporate financial performance and value creation have been identified that can be bolstered by sustainability strategies:
Customer Sales & Loyalty
Still however the effective implementation of any such ESG strategies requires the equally successful human performance. Company Culture is directly affected and a cultural transformation is inevitable.
The above elements constitute the main ESG issues that every company operating in the Shipping industry and any industry must address, irrespective of how progressed they are in each field.
Grow Maritime extends its services to measure the current status of a Shipping Company’s
culture and to guide the Company through the path to performance with a resilient and revamped culture.
Our Competitive Edge
We bring a wealth of knowledge and expertise in sustainable development paired with a deep understanding of the shipping and maritime sector providing a unique service offering that no other sustainability consulting company can match. This ensures the solutions we propose bring about positive change both internally and externally.
With decades of experience guiding businesses’ ESG programmes, we add value to your organisation by providing real know-how, experience and exploration of the newest trends and best practices in the field of ESG and sustainable development. We are here to support companies to analyse possible areas of action for improved ESG performance, develop, implement and regularly monitor ESG projects. These core values and activities can add real value to a business’ community, its brand awareness, and company culture.
Through a mutual partnership with us we can:
Improve relations with stakeholders
Achieve higher customer satisfaction/ loyalty
Attract talent and investors/ financing with more favourable terms
Better employee relations/ higher retention
Efficiency based improvements that drive profitability and help reduce costs in the long term
Build a positive image, brand and reputation
Enhance your sustainability / ESG credentials;
Reduce ESG risks in business operations and entire value chain
A SUSTAINABLE BUSINESS CULTURE
Sustainability is an organisational change issue. You can have the best plan in the world for your sustainability, but it can still fail if it is not effectively embedded into business priorities, processes, rewards and culture. We identify the essential elements of culture creation to drive meaningful sustainable change in your organisation. Regardless of whether you choose to work with us or not, remember that consultants are just a stop gap. The most meaningful effort happens inside your organisation with your own people.
Grow Maritime assists maritime organisations to improve their performance through the development and implementation of impactful ESG strategies ultimately creating added value both for the organisations that employ its services but also the planet and society at large.