Using transparency to drive progress on responsible ship recycling
The Ship Recycling Transparency Initiative (SRTI) uses transparency to drive progress on responsible ship recycling by way of a one-stop shop online platform to report information on policies and practices against a set of predefined disclosure criteria.
Why sign up to the SRTI?
The SRTI reflects a collective effort that brings together different players across the shipping industry, investors, cargo owners and broader stakeholders to improve ship recycling policy, practice and performance.
Leading companies across the shipping value chain have shared why they support the SRTI.
“We are committed to the planning of a completely sustainable life cycle for our vessels from design, construction, operation and ultimately to decommissioning. As such, we are delighted to join SRTI, through which signatories can share their ship recycling information via an online platform, helping the industry to improve its eco-friendly recycling policies and practices, and to work together in sustaining an ‘ever green’ global environment.”
Evergreen Marine Corporation (Taiwan) Ltd.
“No industry today is immune from growing public and regulatory pressure around climate change, energy efficiency and the circular economy. Through the SRTI, the shipping industry has started to address critical end-of-life sustainability challenges, reimagining some basic business models to drive better working conditions and more circular resource management solutions. This kind of collaboration is precious, encouraging leading players in the industry to take responsibility, holding themselves to account, and inspiring others to benefit from the experience and learning that has been generated in the process.”
Jonathon Porritt
Founder Director & Trustee
Forum for the Future
“This initiative is helpful to any investor who wants insights to the very complex question of ship recycling. With key information on a company level this initiative will enable investors to better assess related risks and opportunities.”
Morten Therkildsen
Managing Director
Nykredit Asset Management