With the publication of the first Britannia sustainability report, the P&I Club is defining the starting position of its sustainability initiative and roadmap for the future. The report outlines how Britannia P&I is embedding the management of climate related risk into its business strategy and integrating sustainability into its core processes.
Climate change represents a material financial risk to all regulated firms and the financial system. Britannia P&I, as an insurer, is equally exposed to this risk. However, sustainability encompasses not only climate change but also informs a company’s overall approach to improving corporate social behaviour and demands sound corporate governance. The Britannia sustainability report seeks to apply environmental, social and governance (ESG) concepts to all the strategic choices and operations of the Club. Continue reading “Britannia sustainability report published for the first time”
The international freight transport organisations of the Cargo Integrity Group are calling for urgent action from actors in global supply chains to reduce the risk of pest transference through international cargo movements. The five partners in the Cargo Integrity Group, known as CIG, recognise the vital importance of focusing on the threat of invasive pests to natural resources across the world, and of the urgency in crafting risk reduction measures that address the situation.
For centuries the great port cities analysed in the recent Xinhua-Baltic International Shipping Centre Development Index report were built on the confluence of trade, people and ideas. Centred around ships and the presence of their owners, managers and charterers, maritime clusters steadily grew across Europe, Asia and the Americas. A combination of talent, time-zone, geography, expertise and government policies has helped locations such as Singapore, London and Shanghai thrive. Successful clusters combine the experience and size of established companies with the energy and drive of smaller and start-up firms. Collectively they have consistently delivered innovation, jobs and tax receipts.
With effect from 12 July 2021, the Australian authorities have introduced new fumigation requirements for containers coming from a total of 40 high-risk countries, in a bid to tackle Khapra beetle infestation. The Khapra Beetle has been identified by Australia as a major biosecurity risk. It feeds on grains and other dry foodstuffs, causing damage to the production while also infesting goods with larval skins and hairs that are difficult to remove.
