ESG in shipping and why it matters

Learn how a fully digital platform and service for your registry could help with your Environmental, Social and Governance (ESG) factors.

Why does ESG matter?

ESG is hugely important in all shipping transactions and considerations, particularly where investment is required.  Examples in recent debates have been significant, where banks and investors are looking at refusing to lend to shipping companies involved in transporting carbon fuels, for example.

Investors now consider that ESG performance is highly correlated to creditor risk and consequently ESG performance is now also correlated to traditional shipping industry risks, including accidents, vessel detentions, pollution incidents and financial loss due to fines or reputational damage.

Below we break down the individual importance of each of the factors and how our MARIS solution can support with these considerations. 

Environmental – demonstrating that you are doing all you can to improve the environment

By using the latest digital signing technology in MARIS to issue certificates, this removes the need for printed versions to be couriered around the world which means that your registry will significantly reduce your carbon footprint.

In addition to being more environmentally friendly, a fully digital solution including digital signing technology, allows for shipping companies to produce digitally certified certificates almost instantly when being inspected.

MARIS is configured to use certified digital signing technology in alignment with IMO guidelines, to provide secure digital certificates wherever needed around the world.

Social – showing that you are meeting your social obligations

It is important to meet your social obligations towards your crew, especially in today’s COVID-19 world, this includes showing compliance to MLC and STCW, for example.

MARIS helps you maintain seafarer details and certification in a secure portal and extract reports. This capability could help you to demonstrate crew diversity depending on the data you choose to store. As social standards continue to change, the MARIS portal and service has the flexibility to adapt to meet new regulations digitally.

Governance – transparency in your registry operations

Maintaining high transparency standards on-board your vessel is essential whether you are in a port or at sea.

MARIS includes a comprehensive set of electronic reports, which provides immediate access to accurate management information including financial and audit reporting capabilities across all registry business functions. This detailed record-keeping demonstrates governance and transparency across all registry, survey and seafarer functions.

MARIS – Software to meet your needs

MARIS is a leading digital solution for ship registries. It provides a fully integrated platform and online services to help registries run more efficiently, reduce costs and provide a first class service to their customers and stakeholders, whilst helping you meet IMO, PSC, STCW, ILO and MLC requirements.

We are proud that MARIS is currently in use by 5 leading global ship registries.

Read about how MARIS has helped Isle of Man Ship Registry and Bahamas Maritime Authority.

You can also read more about how having a modern digital platform has also helped Isle of Man Ship Registry continue with business as usual activities throughout the COVID-19 pandemic.

To find out more about our MARIS platform, get in touch by emailing [email protected]