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Technology’s Role in Achieving ESG Goals for Marine Companies

Companies in the shipping industry are under constant pressure to improve their environmental, social and governance (ESG) performance. 

Whether through investor pressure or internal goals, improving ESG performance has become a vital part of being successful as a company. 

While there are many ways to improve ESG performance, it’s clear that technology can play an integral role in achieving these goals.

What does it mean to be an ESG leader?

ESG leaders care about the well-being of their employees, customers, and communities. They work to drive continuous improvement by implementing ESG performance indicators at all levels of the organization. 

These companies strive to create an inclusive workplace and are fully transparent with their practices and performance. 

Ultimately, they have a strong understanding of what sustainability means, they live it daily and make sure everyone has the opportunity to do so as well.

How can marine safety intelligence technology achieve ESG goals?

One of the goals we aim to achieve through ShipArc.AI is A Strong Cultural and Sustainability Consciousness that reflects our firm commitment to environmental stewardship.

Specifically, we want to create an easy way for you to do your part by giving you a tool that can collect valuable data and analyse it so you are aware of any areas where improvements are needed.

The information gleaned from these analyses will be readily available on an organizational dashboard so that you can have visibility into what’s happening at all times, identify anomalies quickly and proactively mitigate risks before they become major problems.

What does the future look like from here?

In a world with all of these sustainability practices and regulations, IMO wants to make sure there is an effective way to demonstrate these practices without compromising on security.

This is why ESG is one of the priority areas that they have put high emphasis on, which is not only important for compliance purposes but also as a means to help contribute to and facilitate sustainable shipping practices.

The development of new technologies has helped immensely in this respect by providing safer, more efficient and cost-effective ways to reduce environmental impacts.

Consequently, banks and investors are now willing to offer funding to shipping companies that prioritize the inclusion of ESG values in their shipping practices and the company’s operational, personnel, and environmental care. Shipping is becoming a lucrative opportunity for ESG investors.

Why choose Greenfield for achieving your ESG and sustainability goals in the shipping industry:

  • It is an intuitive, easy-to-use digital platform made by mariners who understand the unique challenges faced by the shipping industry.
  • In real-time, it provides high accuracy and precision in the form of information. For a quicker and more confident decision-making process, that reduces costs and even saves lives and the environment.
  • Maintain the training and knowledge of your teams regarding new safety regulations and operational improvements for better and more efficient practices
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