ESG (environmental, social and governance) considerations have gone from a ‘nice to have’ to a ‘must have’ in the maritime sector, spurred on by increasing regulation and the potential for ESG to be a commercial differentiator. While regulations specific to the maritime industry are increasingly being introduced following the introduction of the IMO’s target for the maritime industry to reach net-zero greenhouse gas (GHG) emissions by 2050, many companies may already have been complying with ESG-related regulations for a number of years.
