Britannia publishes sustainability report template

(Posted on 11/02/22)

Having published its own inaugural sustainability report in 2021, Britannia P&I has created a template for its Members and other shipping companies to use as a guide to help them develop their own sustainability reports.

The topic of sustainability reporting and the qualitative requirements of financial institutions and regulators, both global and regional, is a fast developing area and an issue of growing strategic importance for many maritime companies, including Britannia’s Members.

It became apparent in Britannia’s discussions on this issue with its membership that there were varying views on the approach that should be taken to sustainability reporting. This is particularly so in relation to content, target audience expectations, regulatory requirements and alignment with bodies such as the Task Force on Climate-Related Financial Disclosures, Science Based Target Initiative, International Sustainability Standards Board, UN Sustainable Development Goals (SDG) and UN Global Reporting Initiative.

Therefore to assist Members and the wider industry, Britannia has published a sustainability report template. This is intended to assist those companies just starting their sustainability reporting process and can be downloaded from the Britannia website.

The template is intended to be used as a guide to the issues on which Members and other companies might consider reporting, recognising that every company is different and certain issues will be more relevant depending on each company’s individual circumstances.

Commenting on the publication of the sustainability report template, Andrew Cutler CEO of Britannia P&I said, “After publishing our first Britannia P&I Sustainability Report last year, we felt we could share some of our learning from this process and that is why we have developed a report template to assist our Members in their own sustainability reporting. By making the template available to all the industry on our website, we are aligning with our own declared commitments in our sustainability report under UN Sustainable Development Goal 17, ‘partnership for the goals’.”

Richard Sadler, sustainable business consultant at Britannia P&I, who led the development of the report said, “The template will help guide those Britannia Members, and others, who want to produce a sustainability report and we would be happy to clarify any questions on the template itself, although the preparation of reports will be down to individual companies and their own circumstances. We would also welcome comments on the template itself so we can use these to inform future versions.”