"If you want to be part of the future, you need to invest in a sustainable business model," emphasized Kristin Holth during the Capital Link Maritime Leaders Summit in Oslo. John Lycouris, CEO of Dorian LPG, further emphasized the importance of sustainability by highlighting the crucial role of crew training in their sustainability efforts. Lycouris made it crystal clear that a focus on crew training is essential at Dorian.
During the panel discussion, moderated by Marsoft’s Arlie Sterling, on "Creating Value through Sustainability," industry leaders, including Mark O'Neil, CEO of Columbia Shipmanagement, shared their insights and experiences. O'Neil, building on the panel's discussions, highlighted the upcoming sustainability report from Columbia Shipmanagement, which takes a unique approach. The report, set to be released soon, has over 37,000 authors co-writing it. This inclusive and collaborative effort demonstrates the company's commitment to involving stakeholders in shaping their sustainability initiatives.
Christos Tsakonas, Head of Shipping at DNB, also took the opportunity to share the bank's strong commitment to sustainability. Tsakonas revealed their ambitious targets, aiming to reduce the emission intensity in their portfolio by one third by 2030 and ultimately achieve net-zero emissions by 2050. This commitment highlights DNB's proactive stance in tackling climate change and contributing to a greener future.
The panelists explored the impact of emerging fuel technologies such as biodiesel, carbon capture, and nuclear energy on the industry's long-term investment decisions. They emphasized the vital role of transparency in promoting sustainability, with Constantin Baack of MPC Container Ships underscoring the company's longstanding commitment to transparency in relation to sustainability.
The consensus among the panelists was clear: investing in sustainable business models is not only crucial for long-term success but also aligns with the aspirations of the industry and the younger generation. By embracing sustainable practices and fostering transparency, shipping companies and financial institutions like DNB can actively contribute to building a more resilient and responsible maritime industry.
