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Lookup NU author(s): Dr Arun DevORCiD
This is the final published version of an article that has been published in its final definitive form by Society of Naval Architects & Marine Engineers Singapore, 2018.
For re-use rights please refer to the publisher's terms and conditions.
According to the United Nations, the three pillars of sustainability are social, environmental, and economic and these are inextricably linked. Currently, there are reporting and accounting standards for sustainability which can be used by the shipping industry and these include the Triple Bottom Line (TBL) framework for sustainability accountability, Global Reporting Initiative (GRI) Sustainability Reporting Standards, and the Sustainability Accounting Standards Board (SASB) Marine Transportation Sustainability Accounting Standard. There is also a rating system for environmental performance of ships known as the Clean Shipping Index (CSI). However, there is no index globally which covers all three critical areas of sustainability in shipping. This article looks at the TBL, GRI, SASB and CSI and then argues why it would be useful for the shipping industry to have an Integrated Sustainable Shipping Index (ISSI).
Author(s): Chia R, Dev AK
Publication type: Article
Publication status: Published
Journal: 37th Annual Journal 2017/2018 of Society of Naval Architects and Marine Engineers Singapore (SNAMES)
Online publication date: 01/06/2018
Acceptance date: 01/06/2017
Date deposited: 15/06/2018
Publisher: Society of Naval Architects & Marine Engineers Singapore