WEBVTT 1 00:00:00.510 --> 00:00:03.270 Today, the shipping industry is falling behind 2 00:00:03.270 --> 00:00:06.090 in the global race for sustainability. 3 00:00:06.090 --> 00:00:09.930 Only 46% of the largest companies have committed 4 00:00:09.930 --> 00:00:14.670 to ESG targets, such as net-zero emissions by 2050. 5 00:00:14.670 --> 00:00:16.290 The outlook is clear. 6 00:00:16.290 --> 00:00:19.530 Ignoring the green transition is not an option. 7 00:00:19.530 --> 00:00:22.950 The landscape is changing and generating pressure to act. 8 00:00:22.950 --> 00:00:26.433 Those who do act will benefit from this opportunity. 9 00:00:27.930 --> 00:00:29.580 The industry is shifting. 10 00:00:29.580 --> 00:00:31.800 Regulators and customers are 11 00:00:31.800 --> 00:00:33.480 and will hold us more accountable 12 00:00:33.480 --> 00:00:37.800 across environmental, social, and governmental practices. 13 00:00:37.800 --> 00:00:39.480 Given the change, we knew 14 00:00:39.480 --> 00:00:42.360 that we at Navigator Gas needed to take a step forward 15 00:00:42.360 --> 00:00:44.610 and address ESG with a holistic 16 00:00:44.610 --> 00:00:47.010 and structured approach that would allow us 17 00:00:47.010 --> 00:00:49.440 to reach our sustainability goals. 18 00:00:49.440 --> 00:00:52.140 But we faced the question many shipping firms face 19 00:00:52.140 --> 00:00:53.433 of how to get started. 20 00:00:54.810 --> 00:00:57.330 We must understand that performing well 21 00:00:57.330 --> 00:01:01.230 on sustainability is not just a positive differentiator. 22 00:01:01.230 --> 00:01:04.533 It is increasingly becoming tomorrow's license to operate. 23 00:01:05.400 --> 00:01:07.770 First movers have a real opportunity 24 00:01:07.770 --> 00:01:11.550 to reach longer-term exclusive agreement with suppliers, 25 00:01:11.550 --> 00:01:13.140 to set industry standards 26 00:01:13.140 --> 00:01:15.090 and develop ingrained relationships 27 00:01:15.090 --> 00:01:17.223 with customers and investors. 28 00:01:18.210 --> 00:01:20.400 The playbook we have developed with BCG 29 00:01:20.400 --> 00:01:23.400 with the intent to provide guidance on exactly that 30 00:01:23.400 --> 00:01:26.790 and to help ship-owners across segments develop a focused 31 00:01:26.790 --> 00:01:29.130 and actionable ESG strategy. 32 00:01:29.130 --> 00:01:31.290 We hope that by providing this guidance, 33 00:01:31.290 --> 00:01:33.570 we can make it easier for more companies 34 00:01:33.570 --> 00:01:36.750 in developing solid ESG strategies with clear, 35 00:01:36.750 --> 00:01:39.780 ambitious targets and supporting actions. 36 00:01:39.780 --> 00:01:41.280 It is developed to assist 37 00:01:41.280 --> 00:01:43.410 in diagnosing your current state, 38 00:01:43.410 --> 00:01:47.370 defining focus areas from an array of best practices, 39 00:01:47.370 --> 00:01:50.970 and setting commitments and developing initiatives, 40 00:01:50.970 --> 00:01:55.110 ultimately helping accelerate your ESG journey. 41 00:01:55.110 --> 00:01:57.780 It has been tried and tested by our teams, 42 00:01:57.780 --> 00:02:00.120 giving us the confidence that this really 43 00:02:00.120 --> 00:02:03.543 is the solution that can move the needle for your company. 44 00:02:05.010 --> 00:02:07.290 From the collaboration with BCG 45 00:02:07.290 --> 00:02:08.610 and the Mærsk McKinney Møller Center 46 00:02:08.610 --> 00:02:09.870 for Zero Carbon Shipping, 47 00:02:09.870 --> 00:02:12.323 we were able to reach a major milestone 48 00:02:12.323 --> 00:02:14.040 in our ESG journey. 49 00:02:14.040 --> 00:02:17.370 Their approach has been key in developing a clear roadmap 50 00:02:17.370 --> 00:02:19.950 across initiatives and targets. 51 00:02:19.950 --> 00:02:21.300 From this joint effort, 52 00:02:21.300 --> 00:02:24.450 our organization is equipped to reach our decarbonization 53 00:02:24.450 --> 00:02:26.490 and sustainability commitments. 54 00:02:26.490 --> 00:02:29.010 We believe that change is possible 55 00:02:29.010 --> 00:02:32.880 and we have created the approach to help you make it happen. 56 00:02:32.880 --> 00:02:35.430 Now is the time to lead, not lag. 57 00:02:35.430 --> 00:02:38.711 Get involved and learn more on how to make this possible. 58 00:02:38.711 --> 00:02:41.378 (pensive music)