Implementing ESG Strategy

MATERIALITY

ANALYSIS

Materiality is the central point of sustainable development. Material issues are those that reflect significant economic, environmental, and social impacts resulting from the organisation’s activities. During this process we must take into account the company’s vision and strategic direction, as well as the KPIs proposed by internationally recognised frameworks for sustainable development such as the Global Reporting Initiative (GRI) and the United Nations Sustainable Development Goals.

CORPORATE SUSTAINABILITY

REPORTING

At Grow Maritime, we compose Corporate Sustainability Reports based on the internationally acknowledged GRI and SASB standards, in line with the Poseidon Principles, by disclosing the organisation’s impacts on material topics as identified in the materiality matrix. We can tell the company’s sustainability story in a way that can be heard by its leadership, investors, owners, customers and all stakeholders. Together, we will define clear KPIs that will enable businesses to measure the effectiveness of their impact strategy and tweak it accordingly. We can help cut through the information overload to focus on the right things in the right order n to allow companies to effectively identify, prioritise, manage and communicate their sustainability performance.

BENEFITS OF

SUSTAINABILITY REPORTING

Sustainability Reporting drivers of Financial Performance & Competitive Advantage.
Embeds Sustainability
When a shipping company embeds Sustainability in its strategy and practice
Improves
  • Operational Efficiency
  • Customer Loyalty
  • Risk Management
  • Stakeholder Engagement
  • Employee Ship/Shore Relations
  • Innovation
  • Sales & Marketing
  • Supplier Relations
  • Media Coverage
Drives
  • Much Higher Profitability
  • Lower Cost of Capital
  • Higher Corporate & Asset Valuations
Delivers
Short- and long-term value creation for Shareholders and Society
Materiality Assessment & Benchmarking
  • Define Materiality Strategy
  • Select Reporting Standards
Data Compilation
  • Develop Data Templates
  • Align with Global Frameworks
  • Align with SSI Roadmap

    • (Oceans, Communities, People, Transparency, Finance, Energy)

Draft Sustainability Report

SUSTAINABLE SUPPLY CHAIN

MANAGEMENT

It is extremely important that a company- especially ones with large supply chains- aligns its culture and values with their external partners and suppliers. It is not enough that we demonstrate responsibility in all aspects of our operation. Our partners must too. Effective sustainability increasingly requires management up and down the value chain. Issues in one part of the chain can impact others.
Grow Maritime has developed a methodology for mapping companies’ supply chain, identifying risks in it, and prioritising those risks according to their scale and likelihood. We then propose measures to mitigate these risks by setting up supply chain due diligence processes that take this into account thorough analysis of procedures from onboarding to physical audits.

ESG RISK

MANAGEMENT

The days are gone when financial and operational risks were the only ones addressed in business strategy. Nowadays, organisations in all sectors must address ESG risks such as climate risk arising from the organisation’s impact on the environment, but also how climate crisis itself is affecting enterprise value. One must also consider social risks such as violations of human rights resulting directly from the company’s own operations or within its supply chain, as well as governance risks such as non-compliance with regulations which could lead to reputational risk and failure to protect personal data. All these are identified and analysed during a structured process and mitigation measures are then proposed in an effort to build resilience and better prepare the organisation to deal with these potential risks. Good management can improve performance; however, good management of sustainability risks and opportunities is one of the most powerful ways to do so.
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.
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