Print
PDF
Asyad Shipping, part of Asyad Group, and Lloyd’s Register (LR) have worked closely together to deliver the Omani national shipping company’s first Environmental, Social and Governance (ESG) report. The company, which operates a fleet of 85 vessels including gas carriers, very large crude carriers, product tankers and container ships, is one of the first maritime organisations in the Middle East to publish an ESG report. The report focuses on the impact Asyad Shipping has made, as part of its approach to become a green shipping company, and how it aims to make ESG the cornerstone of its wider business strategy.
Asyad Shipping has a variety of programmes focused on decarbonisation, ocean/land health restoration, as well as integrating business operations to promote integrity among its workforces.
Khalil Al Balushi, VP Marine, Asyad Shipping said: “ESG reporting can benefit businesses by enhancing their reputation, providing access to capital, mitigating risks, improving market competitiveness, strengthening stakeholder relations, ensuring regulatory compliance, enhancing social presence and driving innovation and efficiency. These benefits can help align organisations with sustainability goals in an increasingly ESG-conscious environment.”
ESG reporting has become a growing requirement in the shipping sector as environmental concerns, regulatory pressures and stakeholder demands prompt companies to disclose their performance in areas such as emissions reduction, social responsibility and corporate governance.
