Port of South LouisianaTelestackTBA GroupGeneva DryVan AalstVigan
  • TMS Awards 2023
  • Cimbria
  • Van Aalst
  • Vigan
  • Telestack
  • Port of Stockton

Idwal introduces groundbreaking Vessel-level ESG report

Idwal introduces groundbreaking Vessel-level ESG report

(Posted on 21/06/23)

Idwal, a leading provider of maritime intelligence and inspection services, has announced the launch of its pioneering vessel-level Environmental, Social, and Governance (ESG) report. This groundbreaking report offers visibility into the ESG performance of an individual asset, including how corporate principles translate into on-board understanding and adherence, establishing a new industry standard for assessing and monitoring ESG strategies at a granular level.
Idwal has developed the ESG standard over the last year, based on industry regulations, current best practices and through its unique experience of independently inspecting more than 3000 ships per annum, and has since perfected that measure with close partners, including shipping financiers, ship owners, managers and charterers.
By evaluating each category of Environmental (E), Social (S), and Governance (G) factors, and assigning grades to each group, the report offers valuable clarity into specific points and, as with all Idwal ship inspection reports, the Idwal ESG report can provide benchmarking and context across a company or in relation to the world fleet.
Commenting on the significance of this groundbreaking initiative, George Haysom, CCO of Idwal, stated, "Our vessel-level ESG report fills a clear gap in the industry, addressing the growing need for standardised and objective assessments of ESG practices at the asset level. With a clear and concise layout mirroring our existing inspection report structure, our clients will find it easy to follow and utilise.
“The report can assist with corporate reporting requirements and is a powerful tool for ESG officers, so we believe that it represents a significant step forward in the visibility of the maritime industry’s commitment to sustainability and responsible business practices.”
By reducing subjectivity and enhancing standardisation, the report helps shipping companies effectively manage their ESG risks and bolster their reputation in the eyes of stakeholders. It represents a significant step forward in the visibility of the maritime industry's commitment to sustainability and responsible business practices and leads to greater transparency, accountability and success.

Latest News

Diverse Algoma fleet contributes to revenue growth

(Posted on 29/02/24)

Algoma Central Corporation has reported its results for the year ended December 31, 2023. Algoma reported... Read more


Liberian Registry establishes innovation and Energy Transition Team ??

(Posted on 29/02/24)

The Liberian Registry, the world’s largest shipping registry, has furthered its commitment to... Read more


Swedish Club widens enhanced PEME programme

(Posted on 28/02/24)

It is well known that a healthy crew is a safe crew, and that the physical and mental wellbeing of seafarers... Read more


Fleet announces strategic leadership transition in its 30th year

(Posted on 22/02/24)

Fleet Management Limited (FLEET), the world’s largest third-party ship management company, has... Read more


OceanScore: Asian shipowners face hefty EU-bound emissions liabilities

(Posted on 22/02/24)

Asian shipowners with vessels sailing to and from Europe are likely to face estimated emissions liabilities... Read more


VIKAND supports V.Ships Greece with mental health training

(Posted on 22/02/24)

VIKAND, the global leader in maritime healthcare, is providing V.Ships Greece with officer training... Read more


RMI Maritime Administrator awards AiP for Anemoi Rotor Sails

(Posted on 14/02/24)

The Republic of the Marshall Islands (RMI) Maritime Administrator has awarded an Approval in Principle... Read more


Ambrey and ISS join to revolutionise maritime safety and security

(Posted on 14/02/24)

Ambrey and Inchcape Shipping Services (ISS) have announce a strategic partnership aimed at transforming... Read more


ShipMoney celebrating 10 years providing digital payment solutions

(Posted on 14/02/24)

Founded in 2013 by Stuart Ostrow, a Florida-based CPA and entrepreneur, ShipMoney set out to challenge... Read more


ClassNK launches shipping and shipbuilding e-learning courses

(Posted on 14/02/24)

ClassNK has introduced E-Learning courses offered through its training and education service, &ldquo... Read more


Sailors SocietyBühler GmbHPort of StocktonCimbriaTMS Awards 2023
  • Port of South Louisiana
  • Geneva Dry
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping