Asyad Shipping and LR join forces for the group’s ESG Strategy & first ESG Report

Asyad asserts regional leadership position in sustainability as first Environmental, Social & Governance (ESG) report is published.

Asyad Shipping, part of Asyad Group, and Lloyd’s Register (LR) have partnered to deliver the Omani national shipping company’s first ESG (Environmental, Social and Governance) report, in line with the established Global Reporting frameworks.

Asyad Shipping, which operates a fleet of 85 vessels including gas carriers, very large crude carriers, product tankers and container ships, is one of the first maritime organisations in the Middle East to publish an ESG report. The report focuses on the impact Asyad Shipping has made – in its approach to become a green shipping company – to make ESG the cornerstone of their wider business strategy operations.

Asyad Shipping’s ESG impact includes a variety of programmes focused on decarbonisation, ocean/land health restoration, as well as integrating business operations to promote integrity among the workforces.

Khalil, Al Balushi, VP- Marine, Asyad Shipping

Khalil, Al Balushi, VP- Marine, Asyad Shipping said: “ESG reporting can benefit businesses by enhancing their reputation, providing access to capital, mitigating risks, improving market competitiveness, strengthening stakeholder relations, ensuring regulatory compliance, enhancing social presence and driving innovation and efficiency. These benefits can help align organisations with sustainability goals in an increasingly ESG-conscious environment.”

ESG reporting has become a growing necessity in the shipping sector as environmental concerns, regulatory pressures, and stakeholder demands prompt companies to disclose their performance in areas such as emissions reduction, social responsibility, and corporate governance.

Ambrish Bansal, Senior VP – Business Advisory and consulting, Lloyd’s Register

Ambrish Bansal, Senior VP – Business Advisory and consulting, Lloyd’s Register said: “With the growing requirement for organisations to have comprehensive ESG strategies, LR has showcased how it can support its clients as a trusted adviser throughout their sustainability journey, as evidenced through our work with Asyad Shipping.”

About Asyad Group

Asyad Group is Oman’s global integrated logistics service provider. The Group comprises three deep ports, two free zones and an economic zone supported by Oman’s five airports, and a world-class road network. In addition, Asyad operates full maritime services with one of the largest drydock in the Middle East and a diversified fleet of more than 80 vessels, supported by a sea transport network that connects Oman to key ports across the region and the globe.

Asyad offers integrated logistics services to meet market needs and support Oman’s economy. This allows optimal use of its diverse and powerful support assets, including its renowned Asyad Express service that spans from the 3,000m2 world-class fulfilment center to the last mile delivery, serving finance, e-commerce, manufacturing, and other businesses.

About Lloyd’s Register

Trusted maritime advisers, partnering with clients to drive performance across the ocean economy.

Lloyd’s Register (LR) is a global professional services group specialising in marine engineering and technology. With a heritage going back more than 260 years to the establishment of the world’s first marine classification society, LR is dedicated to setting and improving standards for the safety of ships.

Today we are a leading provider of classification and compliance services to the marine and offshore industries, helping our clients design, construct and operate their assets to accepted levels of safety and environmental compliance.

We also provide advice, support and solutions on fleet performance, fleet optimisation and voyage optimisation, enhancing our clients’ digital capabilities. Our digital solutions are relied upon by more than 20,000 vessels.

In the race to zero emissions, our research, technical expertise and industry-firsts are supporting a safe, sustainable maritime energy transition.

Lloyd’s Register Group is wholly owned by the Lloyd’s Register Foundation, a politically and financially independent global charity that promotes safety and education.

Find out more lr.org.