Our annual report’s primary purpose is to explain how we create value for our stakeholders as owners, service providers, and innovators in the maritime industry, as a responsible employer, and as contributors to our society.
We continually strive to enhance our annual reporting, with a focus on Grieg Maritime Group’s journey towards CSRD and ESRS compliance. The motivation for improving is also due to a belief that combining the reporting of our financial, environmental, social and governance situation is essential for the organisation’s behaviour when working for a more sustainable future.
Our ambition is to illustrate the connectivity of how Grieg Maritime Group’s capital and human resources create value in the short, medium, and long term, considering the impacts, risks, and opportunities related to our business model. When required to focus on the business activities in a more integrated way, the management and the Board are also more likely to include sustainability targets when setting company objectives and key metrics. Thus, integrated reporting also enhances business resilience, enabling improved decision-making and fostering a culture of connected thinking across the organisation.
The 2024 report marks the first time our Double Materiality Assessment (DMA) was initiated by mapping Grieg Maritime Group’s Value Chain. We believe this process improved the identification of impacts, risks, and opportunities for the subsequent DMA work. Extensive input from a gap analysis carried out by our auditor, based on our 2023 Annual Report, has also been a distinct guide this year.
Grieg Maritime Group, as part of the Grieg Group, is not required to report according to the EU’s sustainability directives. Still, we are using resources to do so, seeing the benefits in moving towards a standard for sustainability reporting, as well as acknowledging that our reporting assists the reporting for the greater group we are part of. We hope our stakeholders appreciate this work as we share the Group’s comprehensive value creation story, seeking to build trust in us as a business partner, employer, and contributor to society.
We welcome your feedback and suggestions for future improvement. Please get in touch with us at: transparency@griegmaritime.com