Watson Farley & Williams (WFW) has released its maritime sector global report The Sustainability Imperative: ESG – reshaping the funding and governance of shipping
The law firm states that sustainability concerns have rocketed up the shipping agenda over the past decade, with environmental, social and corporate governance (ESG) issues already influencing financing decisions, fleet renewal and regulatory change across the industry.
The report examines the industry’s views on sustainability and governance and how these issues will impact on how it finances, and even structures, itself. It was built around a worldwide survey of 545 industry decision-makers as well as 10 indepth interviews with senior figures from the sector.
The report highlights six key findings:
WFW global maritime sector co-head George Paleokrassas commented on the genesis of the report, “We decided to focus our global maritime report on the single most important issue affecting the industry – sustainability”.
WFW’s global maritime sector co-head Lindsey Keeble added regarding its key findings, “The survey points to a wider willingness to collaborate and form joint ventures to share the financial burden of decarbonising shipping”.
You can register to download the full report by clicking here.
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