Maritime ESG Update: Key Developments in 2025
May 9, 2025 ESG stands for Environmental
he maritime industry is undergoing significant transformations in Environmental, Social, and Governance (ESG) practices. Recent advancements include regulatory frameworks, technological innovations, and strategic initiatives aimed at promoting sustainability and compliance.
⚖️ Regulatory Milestones
-
IMO Net-Zero Framework: In April 2025, the International Maritime Organization (IMO) approved a draft framework targeting net-zero emissions by 2050. This includes a $100 per tonne CO₂ equivalent levy starting in 2028, applicable to ships over 5,000 gross tonnage. The framework is set for formal adoption in October 2025 .Eversheds Sutherland+1The Washington Post+1Eversheds Sutherland+4Financial Times+4The Washington Post+4
-
EU ESG Regulations: The European Union has introduced regulations on ESG rating activities, effective from January 2, 2025, with application starting July 2, 2026. These regulations aim to enhance transparency and standardization in ESG assessments .Responsible Business Report
⚙️ Technological Innovations
-
Launch of World’s Largest Electric Ship: Australian shipbuilder Incat unveiled the 400-foot-long Hull 096, the world’s largest fully electric ship, powered by over 250 metric tons of batteries. The vessel, built for South American ferry operator Buquebus, signifies a substantial advancement in clean maritime transport .Business Insider
📊 Industry Insights
-
2025 ESG Climate Survey: A recent survey indicates a shift in maritime priorities, with increased focus on geopolitical and operational uncertainties alongside environmental concerns. The industry faces challenges in sustaining momentum across all ESG dimensions while navigating a complex global risk landscape .SAFETY4SEA
These developments underscore the maritime industry’s commitment to integrating ESG principles, enhancing sustainability, and adapting to evolving global standards.