ABS Unveil Industry-Leading Best Practices for ESG Reporting

by Admin
ABS ESG Reporting Best Practice Guide

With the rising demand for Environmental, Social, and Governance (ESG) reporting in the maritime, offshore, and oil and gas sectors, industry stakeholders are increasingly integrating ESG criteria into their operations. In response to this evolving landscape, the American Bureau of Shipping (ABS) has introduced the ABS ESG Blueprint, a comprehensive report aimed at supporting clients in their sustainability reporting and assurance endeavors.

The ABS ESG Blueprint delves into the critical ESG drivers within the market and institutional spheres, with a particular focus on factors like greenhouse gas (GHG) emissions and data privacy. The report also encapsulates best practices applicable to both the marine and offshore sectors.

Christopher J. Wiernicki, ABS Chairman and CEO, emphasized the alignment of ESG principles with the organization’s safety-centric culture and commitment to excellence. Wiernicki stated, “We continue to pioneer new services and solutions in data, digitalization, classification, and sustainability to support our clients on their ESG journeys, and this new report is another industry-leading example of this effort.”

Panos Koutsourakis, ABS Vice President, Global Sustainability, highlighted the increasing significance of sustainable business practices in achieving global success across industries. He noted, “Understanding the key factors, drivers, and best practices will assist maritime and offshore decision-makers with navigating the complex, dynamic world of ESG reporting.”

The ABS ESG Blueprint not only outlines a pathway to achieve ESG excellence but also provides insights into incorporating ESG values into a company’s business model. The report serves as a valuable resource for industry professionals seeking to navigate the complexities of ESG reporting in the maritime, offshore, and oil and gas sectors.

Industry stakeholders can access and download the ABS ESG Blueprint report Here

Source ABS American Bureau of Shipping