The shipping industry needs to increase Corporate Social Responsibility (CSR) awareness as on average less than 50 percent of the industry fully commits to related activities, according to the Shipping CSR500 Survey report released by SAFETY4SEA.
Conducted in the first quarter of 2016, the Shipping CSR500 Survey examined 15 sectors and 10 factors chosen in accordance with ISO 26000 requirements and EU CSR strategy. The survey was initially conducted in a total of 1,867 shipping related companies, 500 of which were chosen to provide a representative sample of the industry composition.
The survey found that the five top rated sectors are oil companies, LNG operators, drilling companies, tanker operators and container operators, while bulk carrier operators, associations, ports and P&I Clubs were identified as underperforming sectors.
“Industry needs to understand the importance of CSR reporting. Taking into account that shipping is responsible for the transportation of the 90% of world trade, companies need to develop sustainable business and build trust by communicating and supporting cooperation to motivate stakeholders to become more active in CSR,” the survey states.
“The survey identifies critical areas that must be addressed to chart the path to success with respect to CSR implementation. While positive developments have been witnessed in many sectors, industry as a whole has not realized Corporate Social Responsibility importance. Significant challenges lie ahead to preserve people, planet, profit while shipping which plays a critical role in driving world trade, needs to fully embed CSR in all its activities,” Apostolos Belokas, Managing Editor, SAFETY4SEA said.
The CSR500 Survey infographic below depicts key findings of the report which also includes data, industry and sector focus, materiality matrix analysis, Shipping Industry Perspectives and CSR best practices.
Infographic Courtesy: SAFETY4SEA