- Asyad Shipping, part of Asyad Group, asserts its regional leadership position in sustainability by publishing its first Environmental, Social & Governance (ESG) report.
- Asyad Shipping collaborates with Lloyd’s Register (LR) to produce the ESG report, aligning with established Global Reporting frameworks.
- Operating a fleet of 85 vessels, including gas carriers, huge crude carriers, product tankers, and container ships, Asyad Shipping has become one of the pioneering maritime organizations in the Middle East to release an ESG report.
- The ESG report highlights Asyad Shipping’s commitment to becoming a green shipping company, making ESG the cornerstone of its wider business strategy operations.
- Asyad Shipping’s ESG impact encompasses decarbonization programs, ocean/land health restoration initiatives, and integration of business operations to promote integrity among its workforce.
Asyad’s Leadership In Sustainability Through Inaugural ESG Report
Asyad asserts regional leadership position in sustainability as the first Environmental, Social & Governance (ESG) report is published.
Asyad Shipping, part of Asyad Group, and Lloyd’s Register (LR) have partnered to deliver the Omani national shipping company’s first ESG (Environmental, Social, and Governance) report, in line with the established Global Reporting frameworks.
Asyad Shipping, which operates a fleet of 85 vessels including gas carriers, huge crude carriers, product tankers, and container ships, is one of the first maritime organizations in the Middle East to publish an ESG report. The report focuses on the impact Asyad Shipping has made – in its approach to becoming a green shipping company – to make ESG the cornerstone of its wider business strategy operations.
Asyad Shipping’s ESG Initiatives And Perspectives
Asyad Shipping’s ESG impact includes a variety of programs focused on decarbonization, ocean/land health restoration, and integrating business operations to promote integrity among the workforce.
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 organizations with sustainability goals in an increasingly ESG-conscious environment.”
ESG reporting has become a growing necessity in the shipping sector as environmental concerns, regulatory pressures, and stakeholder demands prompt companies to disclose their performance in emissions reduction, social responsibility, and corporate governance.
Ambrish Bansal, Senior VP of business Advisory and consulting, at Lloyd’s Register said: “With the growing requirement for organizations to have comprehensive ESG strategies, LR has showcased how it can support its clients as a trusted adviser throughout their sustainability journey, as evidenced through our work with Asyad Shipping.”
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Source: lr.org
