Incorporated Maritime Policy Concept: Adopting ESRS Principles to Support Maritime Sector’s Sustainable Growth

Kaidi Nõmmela () and Kati Kõrbe Kaare
Additional contact information
Kaidi Nõmmela: Department of Mechanical and Industrial Engineering, Tallinn University of Technology (TalTech), Ehitajate tee 5, 19086 Tallinn, Estonia
Kati Kõrbe Kaare: Department of Mechanical and Industrial Engineering, Tallinn University of Technology (TalTech), Ehitajate tee 5, 19086 Tallinn, Estonia

Sustainability, 2022, vol. 14, issue 20, 1-16

Abstract: The international maritime sector plays an important part in contributing to the global sustainable economy and plays a significant role in achieving sustainable development goals. A variety of regulations and standards power the sustainability management of the global maritime sector, including the United Nations’ Sustainable Development Goals and the European Union’s new draft European Sustainability Reporting Standard. Limited research on the potential contribution of maritime policy-making to support sustainable development has led the sector to face multiple challenges. In this study, we analyzed how local policy-making can impact international goals and global sustainable development based on comprehensive datasets of 143 maritime companies. The study recommends the incorporation of sustainability dimensions of the maritime sector into all levels of policy-making and supporting the policy implementation with the local maritime governance structure. A maritime country should have strategic planning objectives that embrace maritime affairs and use the interactions identified between local development and the maritime sector. We propose a framework for maritime policy-making that supports sustainable development. A maturity model for sustainable development in the maritime sector was developed. The results can be used as guidelines for policymakers in planning sustainable development in a maritime country.

Keywords: maritime sector; sustainable development; policy framework; European Sustainability Reporting Standard; SDGs; ESG; maturity model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/20/13593/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/20/13593/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:20:p:13593-:d:948478

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().