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ESG: A burden or an opportunity?

Making a rapid rise up the corporate agenda this year is ESG. Environmental, social and governance matrices are increasingly being used to evaluate investments by shareholders and financiers. Our special correspondent looks at how shipping measures up to this latest assessment of how it operates.

‘Without shipping, half the world would starve and the other half would freeze’ is an oft-quoted adage which is probably pretty close to the truth. On that matrix alone, shipping is doing pretty well in being an essential service the world cannot do without, which one might hope would tick quite a few ESG boxes. It’s stating the obvious that with no other way to transport goods, particularly raw materials, in a cost effective way which uses less fuel per ton than any other form of transport, sh...

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