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ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) IN SHIPPING
           ESG Reporting: Identifying

           sustainability issues and challenges





           An organization’s sustainability report-  Operational Excellence & Assurance and Busi-
           ing process represents a comprehensive   ness Relationships have been ranked high by
           analysis of  its  strategy  map,  allowing  In terms of Social Factors, Health & Safety  “
                                              both the internal and external stakeholders.
           gaps to be identified and opportunities                               Minerva Gas conducted an
           to be materialized. Central to sustaina-                              internal and external stake-
           bility  reporting  is  the  identification  of   and Fair Labor Practices have been given
           material ESG factors taking into consid-  high priority by both stakeholder categories.   holders’ survey and ranked the
           eration their relevance to the business
           strategy, business model, and key stake-  Community  Engagement,  Responsible factors in the form of a ma-
           holders. We have identified 18 ESG topics   Supply Chain, and Research and Innovation   teriality matrix.
           that we consider important to our organ-  have been given low priority by both stake-
           ization that we feel would be of similar   holder categories.
           relevance to our stakeholders. In this                                                          ”
           context, we conducted an internal and   Regarding Environmental topics, Climate
           external  stakeholders’  survey  (28  and   Change & Environmental Stewardship ap-
           59 respondents, respectively); based on   pear to be of high importance for both the
           their survey scores, we identified priori-  internal and external stakeholders.
           ty factors and ranked them in the form of
           a materiality matrix.              This exercise has helped us identify our
                                              business and stakeholders’ primary areas
                                              of interest. As we gear up for our future ESG
           Summary findings                   reports, this will enable us to reevaluate
                                              these objectives to ensure that our pro-
           Governance factors like Anti-corruption and   cesses align with our goals and the latest
           Anti-bribery, Ethics & Regulatory Compliance,   market developments.



































           by Dimitrios Petridis              The results of this exercise are plotted on an x-y axis, demonstrating the significance of
           LNG Commercial Manager             Environmental, Social, and Governance impacts within our organization. The outer level of
           Minerva Gas Inc.                   the plot is where the most relevant topics are displayed.


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