Publication / 23 Feb 2009

Sector Briefing: Eurosif Shipping Report

Eurosif partnered with Trucost to assess six critical environmental, social and governance (ESG) challenges and opportunities facing the shipping industry.

Eurosif commissioned Trucost to carry out the shipping sector report in order to provide guidance to investors as to some of the major environmental, social and governance (ESG) challenges facing the shipping industry. The analysis also examines the related risks and opportunities these ESG challenges present to long-term returns.

The shipping industry transported more than 90% of global and European external trade with some 50,000 cargo ships transporting 7.7 billion tonnes of cargo in 2007. Pollution can present a risk to investors largely due to the exposure of merchant shipping companies to potential financial liabilities under regulatory regimes.

The European Commission aims to internalize environmental and health-related costs, known as negative externalities or damage costs, into transport pricing to help make the sector more sustainable. The environmental damage costs of air pollution, including CO2 emissions, from the transport sector in Europe could total €210 billion by 2020. Trucost has calculated emissions to air from the shipping segments of 11 companies in the MSCI All World Developed (AWD) Index. Just four of the companies, including one of six based in the EU, report their emissions to air, reflecting the industry’s general lack of transparency on environmental impacts.

3 February, 2020
Events Green Finance Summit – Phoenix – 3 – 4, 2020

The GreenFin Summit follows a successful launch event in 2019. That invitation-only event brought together 100 corporate sustainability leaders, major public-sector pension fund executives and leading financial institutions, with over a trillion dollars of combined assets under management. The discussion broached vital topics in ESG that will be expanded upon at the 2020 Summit. Richard Mattison...

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