The International Group of P&I Clubs has published its first Sustainability report, exploring how the Group’s role and current activities align with and support the United Nation’s Sustainable Development Goals as well as helping to facilitate global trade.
Shipping underpins global trade in a world that is more connected than ever and our industry has a responsibility to make a positive contribution to sustainability objectives. The spotlight on the sustainability of the shipping industry and the increasing expectations of all of our stakeholders have only reinforced the importance of understanding our impact and our potential.
The maritime industry’s move to meet ambitious targets concerning the reduction of greenhouse gas emissions from shipping is vital. Of course, sustainability is a much broader concept. It incorporates our wider impact on the environment (environmental), our relationship with people (social) and the resilience of our systems (governance) (ESG). This report explains how the Group understands ESG in the context of its activities and where it contributes to a more sustainable shipping industry.
“We bring together the knowledge and expertise of our 13 Group Clubs with the goal of reducing risk and making the maritime industry safer. We also act as a single voice for shipowners to engage with governments, legislators and maritime regulators around the world on matters relating to shipowners’ liabilities. In doing so, we assist in the development and promotion of international regulatory frameworks that ensure an appropriate practical response to marine casualties and pollution, as well as certainty in the legal liabilities that follow,” explained Paul Jennings, Chairman of the Group and Nick Shaw, Chief Executive Officer of the Group.
“Finally, we strongly believe that quality education and life-long learning opportunities are enablers of sustainable development. We are proud of the Group’s education initiatives, including our P&I Qualification, our partnership with the World Maritime University and the Fellowship we established for 2021/22 at the International Maritime Law Institute,” they added.
Download the report here: IGPI Sustainability Report 2022